Definition, Meaning & Synonyms
turnover
noun
/ˈtɜrnˌoʊvər/
Definition
The amount of business that a company does in a specific period, particularly in terms of revenue.
Examples
- The company’s turnover increased by 15% last year.
- A high turnover rate may indicate job dissatisfaction.
Meaning
Turnover can refer to the total sales made by a company or the rate at which employees leave a workforce and are replaced.
Synonyms
- revenue
- sales
- income
- yield
