Turnover versus attrition Turnover and attrition are two distinct terms used in the field of human resources and organizational management, although they are related to each other. Here’s a comparison between turnover and attrition: Definition: 1.Turnover: Turnover refers to the voluntary or involuntary departure of employees from an organization, resulting in a vacancy that needs… Read More »
Turnover and Attrition No, turnover and attrition are not the same, although they are related to employee movement within an organization. Here’s an explanation of the differences between turnover and attrition: Turnover: Turnover refers to the rate at which employees leave an organization and are replaced by new hires. It is a broader term… Read More »
Importance of Turnover Importance of Turnover in business for several reasons: 1. Financial Performance: Turnover provides a measure of a company’s revenue generation and financial performance. It indicates the amount of money flowing into the business from sales of goods or services. High turnover generally suggests healthy financial performance, while low turnover may indicate… Read More »