turnover rate — the rate at which employees leave a company and are replaced by new employees
Part of speech: NOUN
Definition: the rate at which employees leave a company and are replaced by new employees
Pronunciation (IPA): /ˈtɜːrnoʊvər reɪt/
Example Sentences
- Our startup has a 50% turnover rate - half our employees quit to become YouTubers!
- The restaurant's turnover rate is so high, they have orientation every Monday.
- Companies with good benefits typically maintain a lower turnover rate.
turnover rate
NOUN[/ˈtɜːrnoʊvər reɪt/]
the rate at which employees leave a company and are replaced by new employees
multiple employees are walking out the front door carrying cardboard boxes while new employees simultaneously enter from the other side. The departing workers look tired and frustrated as they exit with their belongings. At the same time, nervous-looking new hires walk in carrying fresh briefcases and folders. A stressed manager stands in the middle trying to coordinate the constant flow of people coming and going. Other office workers at nearby desks watch the continuous parade of departures and arrivals with concerned expressions. the rate at which employees leave a company and are replaced by new employees
High turnover rate brings concern - will good employees return?
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🎤Pronunciation
🌳Etymology
🎵Rhyme
🔗Collocations
📝Examples
“Our startup has a 50% turnover rate - half our employees quit to become YouTubers!”
“The restaurant's turnover rate is so high, they have orientation every Monday.”
“Companies with good benefits typically maintain a lower turnover rate.”
“HR is analyzing the turnover rate to improve employee retention strategies.”
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