WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

Google
 

turnover rate

 

Definitions from WordNet

Noun turnover rate has 1 sense
  1. employee turnover, turnover rate, turnover - the ratio of the number of workers that had to be replaced in a given time period to the average number of workers
    --1 is a kind of ratio

Definitions from the Web

Turnover Rate

Description:

The turnover rate refers to the frequency at which employees leave or are replaced in a company during a certain period of time. It is commonly used as a measure to gauge the stability and efficiency of an organization's workforce.

Senses and Usages:

Noun (Business):

In the business context, turnover rate refers to the number of employees who leave a company and need to be replaced within a specific time frame. A high turnover rate may indicate potential issues within the workplace, such as poor management, low employee satisfaction, or lack of opportunities for growth.

Sample Sentence 1: The high turnover rate at the call center is a reflection of poor working conditions and inadequate training programs. Sample Sentence 2: Our company's turnover rate has significantly decreased since implementing a new employee recognition program.

Noun (Accounting):

In accounting, turnover rate is a financial ratio that measures a company's ability to efficiently generate revenue from its assets. It is calculated by dividing the net sales by the average total assets. A higher turnover rate indicates more effective asset utilization.

Sample Sentence 1: The company's high turnover rate suggests that they are effectively utilizing their assets to generate revenue. Sample Sentence 2: The turnover rate for inventory is an important metric to assess inventory management efficiency.

Noun (Sports):

In sports, turnover rate refers to the frequency at which a team loses possession of the ball or makes mistakes resulting in the opposing team gaining possession. It is commonly used in basketball, football, and other team sports.

Sample Sentence 1: The basketball team's high turnover rate was a major factor in their defeat. Sample Sentence 2: The coach emphasized reducing turnovers during practice to improve the team's turnover rate.

Noun (Baking):

In baking, turnover rate refers to the speed at which one can fold or roll out dough to create turnovers, which are pastries filled with fruit or meat. A fast turnover rate allows for more turnovers to be made in a shorter amount of time.

Sample Sentence 1: The experienced pastry chef has an impressive turnover rate, quickly producing dozens of turnovers for the bakery. Sample Sentence 2: Increasing the turnover rate of dough requires practice and precision.

Product Links:

turnip plant turnix turnix sylvatica turnkey turnky turnoff turnout turnover turnover rate turnpike turnround turns turns out turnspit turnstil turnstile turnstone

Sponsored (shop thru our affiliate link to help maintain this site):

WordNet-Online
Home | Free dictionary software | Copyright notice | Contact us | Network & desktop search | Search My Network | LAN Find | Reminder software | Software downloads | WordNet dictionary | Automotive thesaurus