labour turnover rate

labour turnover rate
The ratio, usually expressed as a percentage, of the number of employees leaving an organization or industry in a stated period to the average number of employees working in that organization or industry during the period. An important distinction is made between uncontrollable turnover, as by death, superannuation, or unavoidable redundancy, and controllable turnover. A high rate of controllable voluntary turnover (i. e. by resignation) can be a sign of low job satisfaction in an organization; a high rate of controllable involuntary turnover (e. g. by dismissal for misconduct or poor performance or by retirement owing to work-related illness) is usually a sign that the organization has graver problems.

Big dictionary of business and management. 2014.

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  • labour turnover — UK US UK (US labor turnover) noun [S or U] HR ► the rate at which employees leave a company and are replaced by new employees: »High levels of labour turnover mean that many people are working for only a short time in any particular job …   Financial and business terms

  • rate of turnover — turnover ratio The frequency, expressed in annual terms, with which some part of the assets of an organization is turned over (i. e. replaced by others of the same class). In order to calculate how frequently stock is turned over, the total sales …   Big dictionary of business and management

  • turnover — 1) The total sales figure of an organization for a stated period. Turnover is defined in the UK Companies Act (1985) as the total revenue of an organization derived from the provision of goods and services, less trade discounts, VAT, and any… …   Big dictionary of business and management

  • turnover — or turns Terms used to describe the number of operating cycles in a defined period of time or the length of each specific operating cycle. Typical turnover cycles are: the rate at which accounts receivable converts to cash, the rate at which… …   Financial and business terms

  • Turnover — Mutual Funds: A measure of trading activity during the previous year, expressed as a percentage of the average total assets of the fund. A turnover ratio of 25% means that the value of trades represented one fourth of the assets of the fund.… …   Financial and business terms

  • turnover — turn|o|ver [ˈtə:nˌəuvə US ˈtə:rnˌouvər] n 1.) [singular, U] BrE the amount of business done during a particular period turnover of ▪ The illicit drugs industry has an annual turnover of some £200 bn. turnover rose/fell ▪ Turnover rose 9%. 2.)… …   Dictionary of contemporary English

  • turnover — /ˈtɜnoʊvə / (say ternohvuh) noun 1. the act or result of turning over; upset. 2. the aggregate of worker replacements in a given period in a given business or industry. 3. the ratio of the labour turnover to the average number of employees in a… …  

  • controllable turnover — See labour turnover rate …   Big dictionary of business and management

  • uncontrollable turnover — See labour turnover rate …   Big dictionary of business and management

  • turnover — noun 1 (esp. BrE) amount of business a company does ADJECTIVE ▪ high, low ▪ company, group (both BrE) ▪ combined, total ▪ …   Collocations dictionary

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