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Employee turnover is the process of replacing one worker with another for any reason. A turnover rate is the percentage of employees that a company must replace within a given time period. This rate is a concern to most companies because employee turnover can be a costly expense, especially for lower-paying jobs, which typically have the highest turnover rates.
Let's review what we've learned. Absenteeism is a pattern or habit of an employee missing work, often for no good reason, while turnover is the number or percentage of an employer's workforce that must be replaced due to the voluntary and involuntary separation of employees from employment. high degree of absenteeism and turnover can cause serious problems for businesses. Absenteeism hurts productivity and costs money. Caroline's company, for example, is currently suffering a high degree of absenteeism in its production department. Employees on the assembly line are often absent.