Labour (Labor) Turnover is the proportion (rate) of workforces (employees) that leaves during the course of a year. (Refer to the Job Turnover (or Employment Turnover))
Reference Definition by OECD: Labour Turnover, that is concerned with movements of individuals into jobs (hirings) and out of jobs (separations) over a particular period. Labour turnover is the sum of job turnover, which relates to the expansion and contraction of establishments or firms, and the movement of workers into and out of ongoing jobs in establishments or firms. Workers leave firms and firms hire other workers to replace them, regardless of whether the firm itself is growing or declining.
Related Definitions in the Project: The Engineering
