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Turnover is defined as a change in the workforce due to accessions, quits, discharges, and layoffs.
The difference being that attrition is a function of a declining workforce, whereas turnover is the function of a stable or expanding workforce.
The general measure of turnover is a percentage, derived from the number of separations divided by the total number of workers on the payroll.
Ex.: 10,000 employees left a workforce of 5,000
10,000/5000 = 10/5 = 2/1 = 200%
attrition is a typical number of departures in 6 months or 1 year but the meaning of the turnover is different than the attriiton but attrition means
wearing out but it relates to employees or the leaving procedure were as turnover means profit or rotation of the annual income when ever the topic is related to some reason it must be mentioned as employee turnover then only
it is equal to the attrition
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