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What is turnover in an organization?

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What is turnover in an organization? What metrics can be used to measure turnover? Why is it important that turnover be measured?

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Solution Summary

A short discussion on turnover in organizations, what it is and how it affects the organization in 250 words.

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Turnover is the rate of people who come and leave the business in a certain framework of time or projects. The turnover rate is usually measured by the number of new hires compared to the number of people who quit, are fired or who are layed off during a specific time limit or during a specific project. An example is:

CM hires 44 people per quarter. At the end ...

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