Meaning of the word "employee turnover" in English

What does "employee turnover" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

employee turnover

US /ɪmˈplɔɪ.iː ˈtɜːrn.oʊ.vər/
UK /ɪmˈplɔɪ.iː ˈtɜːrn.oʊ.vər/
"employee turnover" picture

Noun

1.

the rate at which employees leave a workforce and are replaced

Example:
High employee turnover can be costly for businesses.
The company implemented new policies to reduce employee turnover.
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