Employee turnover refers to the number or percentage of workers who leave an organization and are replaced by new employees. Measuring employee turnover can be helpful to employers that want to examine reasons for turnover or estimate the cost-to-hire for budget purposes. Although different types of turnover exist, the general definition is that turnover occurs when the employment relationship ends.
1.Voluntary Turnover:
When an employee leaves the company of her own volition, it’s called voluntary termination. Employees give a number of reasons for leaving their jobs. They may be accepting employment with another company, relocating to a new area or dealing with a personal matter that makes it impossible to work.
2.Involuntary Turnover:
Employee termination for poor job performance, absenteeism or violation of workplace policies is called involuntary turnover — also referred to as termination, firing or discharge. It’s involuntary because it wasn’t the employee’s decision to leave the company
