Turnover Rate
Definition
What is Turnover Rate?
Turnover rate measures how often employees leave within a period. SMEs monitor it to assess retention and plan hiring. High turnover can indicate pay, culture, or management issues.
Why it Matters for SMEs
- Tracks retention
- Signals risks
- Affects costs
Example in Practice
"Factorial tracks annual turnover and exits by department."
Frequently Asked Questions
Common questions about turnover rate
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