Definition, Meaning & Synonyms

turnover

noun

/ˈtɜrnˌoʊvər/

Definition

The amount of business that a company conducts in a given period or the rate at which employees leave and are replaced.

Examples

The company’s turnover increased by 20% this year.
High turnover rates can indicate issues within a workplace.
She was promoted after showing excellent results in managing her department’s turnover.

Meaning

Turnover can refer to financial performance, specifically the total sales made by a business, or the rate at which staff members leave and are replaced within an organization.