What is Turn over in company?

Turnover in a company refers to the total revenue generated from the sale of goods or services during a specific period, typically a year. It can also denote the rate at which employees leave and are replaced within the organization. High turnover can be indicative of issues such as employee dissatisfaction or poor management practices, while high sales turnover reflects strong business performance. Understanding both aspects of turnover is essential for effective management and strategic planning.