Staff turnover
On its surface, employee turnover may look like attrition since it occurs when an employee leaves his or her job. But in this case, the vacancy must be filled. A company’s turnover rate can be determined by dividing the number of departing employees by all the employees for a specified period. For example, calculating the turnover rate for a year might look like this: two employees departing divided by 10 total employees equals 0.2. That gives a turnover rate of 20%.
Recommended Research
Smarter. Bolder. Gen AI-Driven Transformation.
In a time of constant disruption, enterprises with Digital World Class® IT organizations are achieving outsized gains – 40% more…
Smarter. Faster. Gen AI-Driven HR.
Economic uncertainty demands sharper workforce strategies and faster execution. Digital World Class® HR teams meet the challenge – operating at…
Lead at Gen AI Speed: 2.6X ROI, 58% Faster Procurement
Disruption is constant – so is the opportunity to outperform. Digital World Class® procurement teams are doing just that, delivering…
Smarter. Faster. Gen AI-Driven Finance.
Economic uncertainty demands sharper decisions and faster action. Digital World Class® finance teams meet the challenge – delivering forecasts 57%…
Related Insights
Leverage AI for Operational Excellence and Strategic Cost Management
The life sciences industry faces mounting pressures: patent cliffs, geopolitical uncertainty, regulatory, and legislative changes threaten drug prices and revenue…
Smarter. Bolder. Gen AI-Driven Transformation.
In a time of constant disruption, enterprises with Digital World Class® IT organizations are achieving outsized gains – 40% more…
Smarter. Faster. Gen AI-Driven HR.
Economic uncertainty demands sharper workforce strategies and faster execution. Digital World Class® HR teams meet the challenge – operating at…
Lead at Gen AI Speed: 2.6X ROI, 58% Faster Procurement
Disruption is constant – so is the opportunity to outperform. Digital World Class® procurement teams are doing just that, delivering…