What are the objectives of employee turnover in industry?

Employee turnover itself is not an objective but rather a phenomenon that companies seek to manage. Organizations aim to minimize turnover to retain talent, reduce recruitment and training costs, and maintain productivity and morale. However, controlled turnover can also be beneficial, allowing companies to bring in fresh perspectives and skills while letting go of underperforming employees. Ultimately, the goal is to achieve a balanced workforce that aligns with the company's strategic objectives.