Employee Turnover

What is Employee Turnover?

The employee turnover specifies in numbers or percentages how many employees have left the company within a particular period. Employee turnover can also be applied to business units, departments, and so on. If more workers leave the company, then the company gets a high employee turnover rate. Also, it can be due to the retirements, terminations, and resignations of employees.

What are the Types of Employee Turnover?

There are basically two types of Turnovers,

Voluntary Turnover

When an employee leaves an organization of their free will is called Voluntary Turnover. Voluntary turnover can have a negative impact on the business as the high-performing employee leave their organization. The reason for leaving the organization can be,

• Better job opportunity
• Better job environment
• Job location
• Retirement
• Follow the co-worker who has switched the job for multiple reasons

Involuntary Turnover

When an employee is being terminated by the employer is called Involuntary Turnover. The reason for the termination can be,

• Underperforming
• Spread toxicity
• Oppose the policy of the organization
• Sexual harassment
• Diminish the performance of other employees

Related: Boomerang Employee, Turnover Rate, Retention Strategy