What is Turnover Rate?

Turnover rate measures the percentage of employees who leave an organization within a specific timeframe, often annually.

Why Does Turnover Rate Matter?

It reflects employee satisfaction, workplace culture, and organizational stability.

Key Elements of Turnover Rate

• Voluntary Exits – Resignations.
• Involuntary Exits – Layoffs or terminations.
• Measurement – (Exits ÷ Average workforce) × 100.

The Role of Turnover Rate in Career Development

High turnover may signal instability, while low turnover suggests strong employee retention.

Common Challenges with Turnover Rate

• High costs for employers.
• Morale issues among remaining staff.
• Loss of institutional knowledge.

Best Practices for Managing Turnover

• Conduct exit interviews.
• Improve employee engagement.
• Offer competitive benefits.

Future of Turnover Analysis

Predictive analytics will help companies anticipate turnover and act proactively.

Summary

Turnover rate measures the percentage of employees leaving over time.

Key Takeaways

• Reflects satisfaction and culture.
• High turnover is costly.
• Predictive tools improve retention.

Take Action Today

Concerned about turnover?
👉 Use Resumly’s Career Tools to plan career moves strategically.