A High Rate of Employee Turnover Indicates That

Often employee satisfaction is used interchangeably with employee engagement. Retention is defined as the process by which a company ensures that its employees dont quit their jobs.

Employee Retention Vs Turnover Key Differences Why It Matters Netsuite

Average employee tenure.

. Annual high performer turnover rate. Role of Employee Turnover Rate. Employee turnover rate is the percentage of the total workforce that voluntarily leaves a company for a year and needs to be replaced.

A high satisfaction level indicates that employees are happy with how their employer treats them. However while engagement is one factor influencing overall satisfaction and it may be said the reverse is also somewhat true the two are not the same. It must also be remembered that the employee turnover rate impacts this financial ratio.

The opposite of retention is turnover where employees leave the company for a variety of reasons. The letter n in tables and figures indicates. Employee retention is a phenomenon where employees choose to stay on with their current company and dont actively seek other job prospects.

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