Staff turnover is a term that is used to represent the number of people in a given workforce who leave a firm’s employment for any reason in a given period. It is also known as employee turnover. Staff turnover is relevant when an employee needs to be replaced. So, if someone retires but their job doesn’t need someone else to step into it from the current workforce or to be recruited from outside, then this comes under the staff attrition. Most companies measure their turnover rates over the course of a year but quarterly, monthly and even weekly indices are just as valid depending on the sector.
The Biggest Employee Experience Trends of 2021
Based on unique insights from over 300 HR professionals and organisational leaders, The State of Employee Engagement 2021 report reveals HR’s biggest priorities right now, the challenges ahead for hybrid working, and uncovers the great employee engagement divide.