Page 5 - Leadership
P. 5
Employee Turnover
What is It?
• Employee turnover is the loss of your employees over time. This
includes voluntary resignations, layoffs, and terminations.
Why is it Important?
• Employee turnover is costly to your business.
• It is calculated by dividing the number of employees who left your
business by the average number of employees in a certain time
period. Multiply this by 100 to get a percentage of turnover.
• A good turnover rate is 10%.
How Does It Impact Your Business?
• Evaluating turnover can help you determine if your voluntary
turnover rate is high.
• This can save you money and improve profitability.
