Labor Turnover

Business, Legal & Accounting Glossary

Definition: Labor Turnover


Labor Turnover


Full Definition of Labor Turnover


A measure of a company’s or industry’s employment stability expressed as a percent that compares the number of employees that leave an employer, voluntarily or involuntarily, to the number of existing employees during a 12 month period. The turnover rate is also a gauge of the length of employee tenure at a particular company.


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https://payrollheaven.com/define/labor-turnover/ (accessed: December 01, 2022).
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, from PayrollHeaven.com website: https://payrollheaven.com/define/labor-turnover/

Definition Sources


Definitions for Labor Turnover are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.