As an Amazon Associate I earn from qualifying purchases.

Turnover Definition and Explanation PDF Download

Learn Turnover definition in hrm with explanation to study “What is Turnover”. Study turnover explanation with HRM terms to review HRM course for online MBA programs.

Turnover Definition:

  • Process in which employees leave an organization and have to be replaced.

    Human Resource Management by Robert L. Mathis, John H. Jackson



Turnover Explanation:

Turnover is the absolute deals produced by a business in a particular period. It's occasionally alluded to as gross income, or pay. It's distinctive to benefit, which is a proportion of profit. Turnover is one of the key proportions of a business' exhibition. It's utilized for the duration of the life of a business, from arranging and verifying speculation, through estimating execution, to esteeming an organization in case of a deal. Turnover speaks to the complete salary of the business during a set timeframe that is, the 'net' deals figure. Benefit, in the interim, is a proportion of the income that are left after any costs have been deducted. To confuse things further, there are additionally two unique manners by which benefit may be estimated. Gross benefit alludes to deals, less the expenses of the products or administrations sold that is, the business edge.

Keep Learning HRM Explanations

What is Human Resource Planning?

Human resource planning is a procedure that distinguishes present and future HR requirements for an association to accomplish its objectives. ...

What is Team Interview?

The size and jobs inside a team will regularly change dependent on the size of the organization. People inside a ...

What is Employee Assistance Program (EAP)?

Employee assistance programe (EAP) is a representative advantage program that helps workers with individual issues or potentially business related issues ...

What is Orientation?

Orientation is the way toward updating workers regarding hierarchical arrangements, work jobs and duties and other authoritative traits and ideas ...

What is Pay Survey?

A compensation review or a pay survey is ordinarily led to check the association's remuneration levels concerning the outside condition. ...

What is Benefit?

Benefits regards to work, is any extra advantage a representative gets from their boss. Everybody gets a pay, yet advantages ...