HR Glossary
What is Turnover Rate?
The percentage of employees who leave an organization during a specific period, including both voluntary departures (resignations, retirements) and involuntary separations (terminations, layoffs), regardless of whether those positions are subsequently refilled.
Why it matters in hiring
Turnover Rate comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.
Related terms starting with T
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