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Definitions from the WebTerm: Employee Turnover RatioDescription: The employee turnover ratio refers to the mathematical calculation that measures the rate at which employees leave an organization over a specified period of time. It is a vital metric used by businesses to assess employee retention, engagement, and overall organizational health. Sense 1: Noun Definition: The percentage or proportion of employees who leave an organization during a particular time frame in relation to the average number of employees during that time. Example: The employee turnover ratio at the company has been steadily increasing over the past year, indicating a concerning level of attrition. Related Products: Employee Retention Strategies Effective Employee Engagement Sense 2: Noun Definition: The ratio that determines the extent to which an organization replaces departing employees with new hires. Example: The company's high employee turnover ratio highlights the need for revisiting their recruitment processes and strategies to improve retention. Related Products: Successful Talent Acquisition Effective Recruitment Strategies Sense 3: Noun Definition: The rate at which a specific department or team within an organization experiences turnover or staff changes. Example: The employee turnover ratio in the IT department reached an alarming level, requiring immediate action to address the underlying causes. Related Products: Effective Team Management Improving Workplace Communication | ||||
employee handbook employee net loss employee ownership employee relations employee s employee savings plan employee stock ownership plan employee turnover employee turnover ratio employeers employees employees employees 22 employees 22 employer-based employer-funded employer-hosted
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