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Turnover rate
What is a turnover rate?
Turnover rate is a metric that shows how many employees leave a company over a certain period of time. This indicator is expressed as a percentage and is calculated as the ratio of the number of dismissed employees to the average number of employees for the period.
TR = (Number of resignations / Average number of employees) × 100%
A high turnover rate can be a signal of problems such as low motivation, dissatisfaction with working conditions or a weak corporate culture. This increases the cost of hiring and training new employees.
On the other hand, a low turnover rate indicates staff stability and a high degree of job satisfaction. However, this is not always a positive sign, as it may indicate stagnation or a lack of career opportunities.
For businesses, maintaining a healthy balance is key. Regularly analyzing turnover reasons and implementing strategies to enhance employee motivation, improve working conditions, and foster career development can help reduce unwanted turnover while keeping the workforce dynamic and engaged.
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