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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.
Retaining Talent â A guide to analyzing and managing employee turnover; By David G. Allen, Ph.D., SPHR. SHRM Foundationâs Effective Practice Guidelines Series. Defining Turnover. Turnover is defined as an employee leaving an organization for any number of reasons. However, different types of turnover have different implications for organizations. Therefore, the article begins with the brief overview of a turnover typology, as illustrated below: