Turnover

Turnover has a couple of definitions in business.

One of them is in relation to employees - that is how many employees a company gets through in terms of a ratio that need to be replaced in a given time against the average number of workers.

So if there is a high turnover of staff then this means that people do not tend to stay with the company for that long. This could be due to various factors, but there are standard industry averages.

Typically those who work in call centres will tend to have a high turnover of staff as people move from one company to another to keep things interesting or get bored and try to find a more fun job elsewhere instead.

Turnover in the financial sense is a measure of all the money that comes in during a specified time period

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