Review:
Turnover
overall review score: 3.5
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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