Turnover rate is an important metric for businesses to assess the rate at which employees leave the company and are replaced. There are different types of turnover rates, and the formula can vary based on what aspect of turnover you want to measure.
- Overall Turnover: This gives you a general overview of the turnover in your organization.
- Voluntary Turnover: This focuses specifically on employees who chose to leave on their own.
- Involuntary Turnover: This measures the rate at which employees are let go by the company.
- Functional Turnover: This assesses turnover in key roles that are crucial for the organization's function.
- Dysfunctional Turnover: This looks at the turnover of employees who were not performing well.
Comments
Post a Comment