Hi,
Could you please let me know your definition of employee turnover? Is it the ratio of the number of employees who have left (due to discharge, voluntary resignation, retirement, etc.) to the total number of formal staff (including new hires and the original retained) in the whole year? How is it calculated, and how should the calculated result be used?
I look forward to hearing your insights. Thank you.
Best regards,
Iris
From China, Beijing
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4Could you please let me know your definition of employee turnover? Is it the ratio of the number of employees who have left (due to discharge, voluntary resignation, retirement, etc.) to the total number of formal staff (including new hires and the original retained) in the whole year? How is it calculated, and how should the calculated result be used?
I look forward to hearing your insights. Thank you.
Best regards,
Iris
From China, Beijing
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Dear Iris, The ratio of the number of workers that had to be replaced in a given time period to the average number of workers is defined as employee turnover. Rgds, Mubeen
From India, Madras
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From India, Madras
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Turnover rate-2.xls
EMPLOYEE TURNOVER.pdf