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Review:

Turnover

overall review score: 3.5
score is between 0 and 5
Turnover is a term used in business and finance to describe the rate at which employees leave a company and are replaced by new hires.

Key Features

  • Employee retention rates
  • Recruitment and hiring processes
  • Training and onboarding programs
  • Company culture and employee satisfaction

Pros

  • High turnover can lead to fresh perspectives and ideas within a company
  • Replacing underperforming employees with more qualified individuals can improve overall performance
  • Identifying and addressing issues that may be causing high turnover can lead to a more positive work environment

Cons

  • High turnover can be costly for a company in terms of recruitment, training, and lost productivity
  • Frequent turnover can lead to instability and low morale among remaining employees
  • Difficulty in maintaining consistent quality of work if positions are constantly changing

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Last updated: Mon, Feb 3, 2025, 01:12:18 PM UTC