What is Employee turnover?

Employee turnover: Employee turnover refers to the rate at which employees leave a company and are replaced by new employees. It is a critical metric in human resource management, as it helps organizations understand their ability to retain employees. Turnover can be voluntary, where employees choose to leave for reasons such as better job opportunities, career change, relocation, or retirement. It can also be involuntary, due to layoffs, terminations, or other organizational changes.Employee turnover is influenced by various factors, including job satisfaction, work environment, management practices, and compensation. Managing turnover effectively involves creating positive work environments, offering competitive benefits and opportunities for career advancement, and ensuring employees feel valued and engaged. Understanding and addressing the causes of turnover is crucial for maintaining a happy and secure workforce.