Employee turnover, or employee turnover rate, is the measurement of the number of employees who leave an organization during a specified time period, typically one year. While an organization usually measures the total number of employees who leave, turnover can also apply to subcategories within an organization like individual departments or demographic groups.
Voluntary turnover is any instance in which an employee actively chooses to leave. This can happen as a result of better job opportunities elsewhere, conflict within the workplace, disengagement, and more. And remember, if you are calculating turnover within a single team or department, turnover does not have to mean employees who leave the organization – just the group you are analysing.
Involuntary turnover is when an employer chooses to terminate an employee or remove them permanently from the group in question, possibly because of poor performance, toxic behaviour, or other reasons.
Turnover is considered desirable when an organization fires or loses underperforming employees and replaces them with new hires. This process may not go down well with a lot of employees, yet it is essential to keep the momentum going within the organization.
Undesirable turnover is when an organization loses it is top performing employees. Some employees leave a deeper impact than others, those are the employees that are difficult to replace.
Turnover is natural for any organization. While low employee turnover is the goal for most organizations, what determines low vs. high turnover is how actual turnover compares to a typical or expected rate, which can change depending on industry, job type, company size, region, and more.
Understanding the causes of employee turnover can help businesses make the necessary changes to maintain their workforce at the desired level. Because of the many variables affecting turnover, benchmarks for acceptable or ideal turnover vary. It is important for organizations to take individual and industry-related factors into account as they pinpoint their target turnover rate, study the reasons behind their voluntary and involuntary turnover.
This template will primarily be useful to HR managers. You can use the slides in this template when preparing your company’s annual turnover report. You can present your data on several types of employee turnover or present statistics for each department of the company.
Company executives can use this template when preparing a company development strategy. For example, you can present data on employee turnover and propose a new incentive system that will help reduce employee turnover.
Public relations professionals can use this template when preparing a candidate’s campaign. You can present employee turnover rates in an industry or city and present a candidate program aimed at reducing this rate.
Employee Turnover is a professional and modern template that contains five stylish and fully editable slides. If necessary, you can change all elements of the slide in accordance with your corporate requirements. This template will be useful for project managers, team leaders, engineers, startups. The Employee Turnover template will seamlessly complement your presentations and will be a great addition to your collection of professional presentations.