Turnover is the voluntary and involuntary permanent withdrawal from an organization.

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A high turnover rate results in increased recruiting, selection, and training costs.

Costs estimated at about $15,000 per employee.

All organizations have some turnover and the “right” people leaving—the marginal employees—positive creating opportunity for promotions, and adding new/fresh ideas.

But turnover often involves the loss of people the organization doesn’t want to lose.

 

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