What is the meaning of turn over rate?

Turnover rate, often referred to as employee turnover or staff turnover, measures the rate at which employees leave an organization and are replaced over a specific period. It is typically expressed as a percentage and calculated by dividing the number of employees who leave by the average number of employees, then multiplying by 100. A high turnover rate may indicate issues such as job dissatisfaction, poor management, or inadequate working conditions, while a low rate often suggests a stable workforce. Understanding turnover rate helps organizations assess their retention strategies and workforce stability.