Elements that play a role here are the level of routine that comes with the job (a lot of routine usually means a higher turnover rate) and the possibility for a promotion (if someone knows they might get a promotion theyre less likely to leave). Do Not Sell or Share My Personal Information. Job contentThis is about how people experience their job. 2 synonyms for turnover rate: employee turnover, turnover. Example from the Hansard archive. 18 examples: The immediate economic effect of high turnover rates was to disrupt production. To give you an idea, however, Ill give a few examples of how adapting your hiring strategy can help in reducing employee turnover. Stay up-to-date with the latest news, trends, and resources in HR. We want to find ways to speed up inventory, Instead of vitamin A, this serum has a complex of growth factors and peptides, which promote cell, Until now, the Competition Commission of India examined deals based on companies asset size and, The report points to the growing complexity of the CFO roleand, Advertisement The Aztecs halftime box score was ugly: 28.6 shooting, nine, The judge and legal teams will set dates for the next hearing and deadlines for discovery, in which the district attorneys office must, Beltrami has argued that the ledgers showing how much private investigators got paid were, Post the Definition of turnover to Facebook, Share the Definition of turnover on Twitter, Palter, Dissemble, and Other Words for Lying, Skunk, Bayou, and Other Words with Native American Origins, Words For Things You Didn't Know Have Names, Vol. In an HR context, (high) turnover refers to the number of workers who leave the organization. . ['ret'] a magnitude or frequency relative to a time unit. A high new hire turnover rate is a red flag that there are problems with your hiring process. Returning to the original question, if there is no context, I would assume the general financial meaning, which would be equivalent to "sales" or "revenue". Learn a new word every day. This involves so many elements that it easily justifies an article in itself. from the moment they apply. Synonyms.com. Antonyms for rate of turnover. In an HR context, (high) turnover refers to the number of workers who leave the organization. This becomes especially true if enterprises with large land areas, Once self-compatibility has established this may be favoured even further by, Care facilities should make a greater investment in staff training and professional development to reduce the, Therefore, the close connection between red marrow, sinusoidal capillaries and bone tissue in the vertebral bodies seems to be responsible for the, In health care, improvements in medical procedures (alongside a commitment to, The effective conveyance of this preventive message to the visitors was indeed hampered by their. Noun Phrase High turnover rates and low morale are the natural consequence of restricted career mobility. A high turnover rate means that many of your employees more than whats expected in your line of business have quit the organization. What is another word for staff turnover - WordHippo a device for finding direction with a needle that can move easily and that always points to magnetic north, From one day to the next (Phrases with day, Part 1), Cambridge University Press & Assessment 2023. And thats just the direct cost of turnover. Usage explanations of natural written and spoken English, British and American pronunciations with audio. If you want to use "turnover", you should include restaurants opening as well, perhaps in the same premises. Can be beneficial if problematic or poor-performing employees choose to leave the organization, Can be an opportunity to hire a person who is a better fit for the job and your company, High costs associated with finding replacements (especially for more senior positions), Consistently high turnover rate could indicate there are issues with working conditions, Prevents you from building and maintaining a consistent company culture, Continuously directing efforts to training and onboarding, Loss of productivity, as it takes time to get other employees up to speed to pick up where the prior employee left off, Rebecca has worked with ACME Corporation for the last 3 years. . high rate of turnover. When it comes to sales value, for instance, you want your turnover to go through the roof. Synonyms for High rate of staff turnover - Classic Thesaurus And what is it they expect from you? Full list of synonyms for Turnover rate is here. High Turnover synonyms - 18 Words and Phrases for High Turnover excessive turnover n. expensive turnover n. high staff turnover high turnover of staff fried pastry n. fried pie n. great change n. great movement high bun n. high level of turnover high output n. high rate of turnover high turnover rate high-pitched pie n. huge turnover large movement Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. ['tnov'] the ratio of the number of workers that had to be replaced in a given time period to the average number of workers. suggest new. However, Rebecca has never received a promotion. But the impact of high employee turnover goes beyond operational inconveniences. When people constantly leave the organization, it has an impact on employee morale and productivity and eventually on the companys products and services. high attrition. He quit Initech after just 6 months in search of a role with another company that places more of an emphasis on team-work and collaboration. Nglish: Translation of turnover for Spanish Speakers, Britannica English: Translation of turnover for Arabic Speakers, Britannica.com: Encyclopedia article about turnover. Contains Parliamentary information licensed under the, facturacin, volumen de ventas, movimiento de personal, faturamento, volume de vendas, rotao (de empregados, turnover [masculine], rotation [feminine], chiffre [masculine] daffaires, , , , gjennomtrekk av ansatte [masculine], omsetning [masculine], omsetning, , , , giro daffari, (giro/volume daffari), movimento, Test your vocabulary with our fun image quizzes, Clear explanations of natural written and spoken English. TURNOVER Synonyms: 286 Synonyms & Antonyms for TURNOVER | Thesaurus.com It may not display this or other websites correctly. high turnover rate exp. Delivered to your inbox! Theres the obvious operational hassle of finding and hiring someone else and the extra workload and responsibilities for the rest of the team. ['ret'] estimate the value of. noun. When 'thingamajig' and 'thingamabob' just won't do, A simple way to keep them apart. Engaged, active employees are psychologically present, committed, and proud of the company they work for. Turnover Synonyms. Similar word for Turnover. Calculating Turnover Rate The actual equation to determine turnover rate is to divide the number of separations in a month by the average number of employees and multiply that number by 100. STANDS4 LLC, 2023. How future-proof are your HR skills? Google how to calculate employee turnover and youll get various different formulas. Exact numbers differ depending on the type of job and country, but research shows that it costs companies between 6 and 9 months of an employees salary to replace them. Related (free) resource ahead! High employee turnover has a big impact both on your employees and your organization. What are another words for Turnover rate? As it is defined, organizations either do not have much control over staff attrition (e.g., retirement), or they are directly controlling attrition in a demonstrated effort to reduce costs. Neelie Verlinden is the host of the popular All About HR talk-show/podcast and co-founder of AIHR, the Academy to Innovate HR. What can they expect from you as an employer in terms of career development? The big advantage of sourcing in the 21st century is that theres heaps of technology available to help you optimize your sourcing efforts. antonyms. to give (something) over to the control or possession of another usually under duress, to put (something) into the possession or safekeeping of another, to change the position of (an object) so that the opposite side or end is showing, Palter, Dissemble, and Other Words for Lying, Skunk, Bayou, and Other Words with Native American Origins, Words For Things You Didn't Know Have Names, Vol. But how do you go about reducing turnover? Turnover Rate synonyms - 35 Words and Phrases for Turnover Rate turnover n. employee turnover n. churn rate renewal rate replacement level replacement rate rotation rate rotational rate turnover of staff attrition rates average turnover fast moving fluctuation rate mobility requirement portfolio turnover rate rate of rotation rate of turnover Yes, it really is wrong for that sentence. suggest new. Whats important when it comes to offering people a competitive deal is that you look at the person in front of you and what it is that they find most important; for a new mom other things matter than for a college graduate. DemographicsDemographic factors are strong indicators of turnover intentions. It could be a catering company with a turnover of fresh food - it really could be anything. In this article, well take a thorough look at high employee turnover. Synonyms for rate of turnover in Free Thesaurus. Also "rates" does not make much sense when you are referring to a time period. Best synonyms for 'high rate of staff turnover' are 'high turnover of staff', 'high staff turnover' and 'high turnover rate'. Synonyms of turnover turnover 1 of 2 noun Definition of turnover as in rotation Synonyms & Similar Words Relevance rotation revolution loop succession development series turn chain sequence circuit beat ring string progression train syndrome run course pattern cycle round wheel merry-go-round circle zodiac turn over 2 of 2 verb 1 ['tnov'] the act of upsetting something. Click on a collocation to see more examples of it. 1. Here's a list of similar words from our thesaurus that you can use instead. high turnover of staff. These examples are programmatically compiled from various online sources to illustrate current usage of the word 'turnover.' "turnover rate." Employee Turnover: Causes, Costs, & Strategies - Qualtrics Well explain some of these variables below. Classic Thesaurus. By knowing your candidates unique characteristics before you even meet them, and objectively mapping those to the desired characteristics for the job and for the organization as a whole, you can reduce turnover and optimize employee retention. from the Cambridge English Dictionary antonyms. The word in the example sentence does not match the entry word. high turnover collocation | meanings and examples of use ['ret'] the relative speed of progress or change. 1. That doesnt necessarily mean you have to pay the highest salary. 2023. High Staff Turnover synonyms - 18 Words and Phrases for High Staff Turnover. You might perhaps say that there is a high turnover of restaurants on the high street, but even this is hardly necessary having already said that restaurants come and go. Weve listed 3 ways to do so. You must log in or register to reply here. Turnovers synonyms, turnovers antonyms - FreeThesaurus.com In the US, on the other hand, the industries with the highest turnover rates are Staffing (352%) and Hotels (300%). 5 Turnover rate Synonyms. Similar words for Turnover rate. - Thesaurus.plus He has already received a performance bonus for the quality and timeliness of his reports. https://www.freethesaurus.com/turnover+rate. high rate of staff turnover. Search for synonyms and antonyms Classic Thesaurus a high turnover (rate) - English Language Learners Stack Exchange Different industries and countries have different expected turnover rates. But in this case, its about your employees career and learning and development opportunities. noun. verb. noun. With no other qualification, turnover in relation to a company means income. (Most of the time.). Turnover Rate synonyms - 35 Words and Phrases for Turnover Rate attrition rates. Well discuss turnover rates, examples of high turnover jobs, and causes. noun. churn rate. Princeton's WordNet Rate these synonyms: 0.0 / 0 votes employee turnover, turnover rate, turnover noun The company has a high turnover rate. Noun The rate at which employees leave a workforce and are replaced staff renewal rate turnover staff resignations staff resignation rate hiring and firing rate rate of replacement change coming and going movement replacement Using jobZology, Initech could have hired someone else for the position, who would enjoy the type of environment that Initech can offer for its employees. Copy the code below and paste it where you want the visualization of this word to be shown on your page: Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Casualty Rate Among Execs Under Elon Musk is 44%, Boss turnover in decline as firms hire from within, Long-term care facilities work hard to reduce staff turnover, Donald Trump Admin Sets Record for White House Turnover, Metro Manila labor turnover rate slows in 2017, Technology industry sees highest turnover rate, Mineralisation of soil organic carbon in two Andisols under oil palm: an incubation study into controlling factors, Bureaucratic 'Churn' after presidential Elections, Experienced-candidate dearth remains top mixer driver recruiting hitch, Average house price is [euro]55k less outside Dublin; Capital, Kildare & Wicklow top expensive list, Employee turnover and organizational performance: a study of the Brazilian retail sector, International trade and the composition of labor market turnover, Driver shortage troubles trucking firms: high turnover rate adds to the cost of transportation, Turnover of Constant and Variable Capital, Turnover of Fixed and Circulating Capital. Connect with Neelie via LinkedIn. A definitionWhat is a high turnover rate?High turnover rate causesExamples of high turnover jobs3 Ways to reduce high turnoverOn a final noteFAQ. You are using an out of date browser. Definition: The voluntary or involuntary loss of an employee, with the organization's intent to fill the position vacancy. synonyms. This can mean many things, of course. A quiz to (peak/peek/pique) your interest. The meaning of TURNOVER is the amount received in sales for a stated period. Rebecca has decided to pursue another job opportunity with ACMEs competitor who has a clear path for upward progression within the company. Cambridge University Press), a device for finding direction with a needle that can move easily and that always points to magnetic north, From one day to the next (Phrases with day, Part 1), Cambridge University Press & Assessment 2023, 0 && stateHdr.searchDesk ? high turnover. 2023. Replacement costs can be lower for entry-level roles while replacement costs are significantly higher for professional, technical, and supervisory positions. Web. Synonyms for turnovers in Free Thesaurus. Add turnover to one of your lists below, or create a new one. Or. 2. Low engagement. Log in. What is another word for turnover - WordHippo If youre tracking the various sourcing channels you use this should provide you information about which channels tend to provide you the best (and worst) candidates. While staff attrition and turnover both cost your organization money, there are subtle differences between the two concepts and different steps to take to remediate the issues.