EMPLOYEE TURNOVER Meaning and
Definition
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Employee turnover refers to the rate at which employees leave or are replaced within an organization over a given period of time. It is a measure of the percentage of employees who exit an organization and need to be replaced due to reasons such as resignation, retirement, termination, or transfer to another department. This metric allows organizations to assess the stability and continuity of their workforce.
Employee turnover is often viewed as both a quantitative and qualitative measure. The quantitative aspect of turnover considers the number or percentage of employees who leave during a specific timeframe. The qualitative aspect delves into the reasons behind the turnover rates. Organizations analyze turnover to gather insights into the effectiveness of their recruitment, employee satisfaction, and retention strategies.
High employee turnover can have detrimental effects on an organization. It can disrupt workflow, impact team dynamics, and lead to increased recruitment and training costs. Additionally, it may negatively affect employee morale and productivity. Conversely, low turnover rates indicate a stable workforce and potentially higher satisfaction levels among employees.
Organizations may employ various strategies to reduce employee turnover, such as offering competitive salaries and benefits, providing opportunities for professional development and advancement, improving work-life balance, fostering positive work environments, and enhancing communication and feedback channels.
Overall, employee turnover is a critical metric that helps organizations understand the extent of their staff attrition and provides insight into areas for improvement in recruitment, retention, and overall workforce management.
Common Misspellings for EMPLOYEE TURNOVER
- wmployee turnover
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- rmployee turnover
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- 3mployee turnover
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- ejployee turnover
- emoloyee turnover
- emlloyee turnover
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- em0loyee turnover
- empkoyee turnover
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- empliyee turnover
- emplkyee turnover
- empllyee turnover
- emplpyee turnover
Etymology of EMPLOYEE TURNOVER
The word "employee turnover" is a compound noun formed by combining two separate words: "employee" and "turnover".
The word "employee" originated from the Latin word "implicātus", which meant "person employed". Over time, it evolved into the Middle English word "employe" in the 17th century and eventually into its current form, "employee", in the 19th century.
"Turnover" has a different etymology. It comes from the Old Irish word "tornaim", meaning "a turn", which later became "tornovre" in Middle English. Its original meaning referred to a change of direction or position. In the context of business, "turnover" refers to the act of replacing or being replaced, especially with regard to employees.
Similar spelling word for EMPLOYEE TURNOVER
