Small Business Glossary and Definitions

Staff Turnover is the rate at which workers leave or are fired from an organization. Turnover is an important metric of how a company is performing. A high turnover rate can uncover problems within organization culture and can be detrimental to a company because of the costs associated with recruiting and training new employees, not to mention inefficiencies while employees are in the onboarding process. On the other hand, a very low rate of turnover can be a signal that a company is unable to adapt to changes in the industry.