Labour Turnover is the rate at which employees come and go in an organisation. It’s a measure of how many people are leaving an organisation within a certain period, compared to the number of people employed during that same timeframe. A high labour turnover means that more employees are leaving than being hired, while a low turnover indicates the opposite. Labour turnover can be useful in understanding the dynamics of a workplace, allowing employers to identify any challenges they may have when it comes to recruitment and retention. By tracking labour turnover, businesses can take steps to reduce employee churn and ultimately improve their bottom line.
