BNET Business Dictionary
Business Definition for: Turnover
- The total of value transactions in a specific period, either for the stock market as a whole or for a specific company
- the total sales revenue of an organization for an accounting period. This is shown net of VAT, trade discounts, and any other taxes based on the revenue in a profit and loss account.
- the rate at which staff leave and are replaced in an organization
Wiktionary Definition for: Turnover
- The rate of change or replacement.
- Ex: ''Those apartments have a high turnover because they are so close to the railroad tracks.''
- Ex: ''The company has a 50% turnover rate.''
- A pastry consisting of pastry or pie crust around sweet, often fruit filling.
- Ex: ''They served apple turnovers for breakfast.''
- (''sports'') A loss of possession of the ball without scoring.
- Ex: ''The Nimrods committed a dismaying 23 turnovers en route to another humiliating loss.''
Additional Resources
- The Right Way to Measure Turnover
- When the economy turns around next year, retention will almost instantly go from being a non-issue to a major issue. Hence, it is recommend that senior HR manager immediately revisit and rethink the way they report turnover. Simply reporting turnover as a percentage of the workforce hides the truth. The...
- White papers 2003-10-06
- Turnover Prediction Mapping
- The Human Resource Department doesn’t have to have a crystal ball to predict future turnover. If they conduct both employee satisfaction surveys and exit interviews, they can create a customized map that tells you exactly which areas within your organization can expect future turnover and what the cause of that...
- White papers 2002-01-01
- Turning Over Turnover
- This paper applies a methodology of for decomposing large panel data into systematic and idiosyncratic components to both returns and turnover. Combining the methodology with a generalized-least-squares-based principal components procedure, the paper demonstrates that this approach works well for both returns and turnover despite the presence of severe heteroscedasticity and...
- White papers 2004-11-01
- Finders Keepers: Turnover Is Expensive, Lowering It Doesn't Have to Be
- Companies that experience high rates of employee turnover will likely find that it's not salary issues that cause workers to walk out the door. Instead, employees are looking for benefits, training, and flexibility. Not only do employers suffer lower productivity when there is a high turnover rate, but it's also...
- White papers 2006-02-15
- Why is Inventory turnover important?
- This article is about how to calculate Inventory Turnover . It also includes information, how companies should calculate inventory turnover separately for every product line in every warehouse. This will allow them to identify situations in which their inventory is not providing an adequate return on their investment. To improve...
- White papers 1997-01-01
- The Turnover Myth
- Minimizing churn has long been an article of faith for many workforce executives, but others actively manage turnover for maximum financial return. They drive it up when it is too low, push it down when it is too high, and understand its true costs and benefits. Like many workforce trends,...
- White papers 2005-06-01
- Turnover, Layoffs and Buyouts
- It has been seen that turnover is not always bad. There is an optimal “mix” of experience for this. The firm should lay off for young workers with little investment and also older workers where high productivity is in the past. However, there are some issues relating to this. Some...
- Presentations 2002-12-01
- Sales Force Turnover: The Hidden Cost of Selling
- Sales force retention is a key element in attainment of competitive advantage and increased profitability. In a case study created to assess the impact of sales force turnover, it was found that companies which minimize turnover create the opportunity for up to 10% additional long-term profit when compared to companies...
- White papers 1998-05-01
- Turnover And Lost Productivity: Links To Weak Hiring Practices
- Employee turnover in organizations result in loss of productivity. The paper argues that employee turnover can be attributed to poor hiring practices prevalent in an organizations. Many a times hiring managers fail to ascertain the capability of the candidate to do the job. This results in making a wrong hiring...
- White papers 2004-03-17
- Case Study: Tropical International
- In early 1997, Tropical Sportswear International TSI had a very high turnover in employees . The human resources department decided to ask its employees the reason for the turnover and distributed a survey. Human resources calculated its costs of turnover by adding up recruiters' time, out-of-pocket expenses (background checks, drug...
- Case studies 2001-01-01
- Workforce Innovation Networks: Retaining Employees And Reducing Turnover Costs
- Today, most companies face the problem of high employee turnover. But, very few companies try to find the reason behind it. Experts believe that most people switch over their jobs frequently due to lack of proper benefits. Thus, companies must make an effort to retain existing employees and reduce the...
- Webcasts 2000-11-28
- Fresh Ideas For Retaining Employees
- Researches indicate that turnover proves to be highly profitable to companies. However, experts suggest that employee retention is more important than turnover. If a company fails to retain its employee, it will probably lose its credibility in the market. In addition, turnover rates are precise and tend to overlook important...
- Presentations 2001-10-16
- CEO Succession 2004: The World's Most Prominent Temp Workers
- The study reported in this paper finds Sarbanes-Oxley Act has not led to greater CEO turnover in the US, CEO turnover rate matches normal attrition for all employees, and Chief executives 55 years old or younger increasingly choose to retire. The study comprehensively examines the linkages between CEO tenure and...
- White papers 2005-05-16
- Employee Turnover and Sabotage
- Understanding an employee's disposition may help predict turnover and purposefully poor performance. Together disposition and Job tenure along with job dissatisfaction plays a role in how employees react to stress. If you have high turnover among sales persons and other such jobs even among your long term employees you had...
- White papers 1999-02-27
- Voluntary Turnover And Job Performance: Curvilinearity And The Moderating Influences Of Salary Growth, Promotions, And Labor Demand
- This study investigates the relation between job performance and voluntary employee turnover and it says that turnover is higher for low and high performers than it is for average performers. A utility analysis indicated that the benefits of paying high performers according to their performance more than offset the costs...
- White papers 2003-01-01
- How to Decrease Turnover and Increase Employee Retention.
- The article discusses ways of How to Decrease Turnover and Increase Employee Retention. It gives five principles embraced by the world?s best-run companies that decrease turnover and increase employee retention. They include Capturing the Heart, open Communication, create partnerships, drive Learning and emancipate action. By integrating these five principles into...
- White papers 2000-01-01
- Mutual Funds and Portfolio Turnover
- This article addresses two questions about portfolio turnover. First, are fund managers on average turning over their portfolios more frequently than in the past? Some commentators suggest an answer that uses an averaging method that is heavily influenced by a relatively small number of funds with high turnover rates. An...
- White papers 2004-11-17
- If People Don't Want to Work for You, Nobody's Gonna Stop'em
- From the executive summary: ‘Researches suggest that what employers offer is often the inverse of what employees want. The reason behind the aforesaid scenario is that employers look at this as a turnover problem. Turnover is viewed as a facts and figures number problem. Hence, the management tries to fix...
- White papers 2003-01-01
- Interpreting Turnover
- From the executive summary: ‘The method for assessing performance differences is as important to the organization to ensure fair compensation and sound organizational planning as it is to individual employees and the supervisors. The assessment can be depicted in the form of overall turnover of the company. With improved measurement...
- White papers 2003-01-01
- NAIC Develops Leading Workplace Culture
- Of late, most companies are facing the problem of employee turnover. As a result, the business is being affected adversely in the highly competitive market. Experts suggest that the reason behind high employee turnover is ‘more work and less pay.’ Thus, employees are increasingly switching over to better jobs. The...
- Case studies 2003-01-01
Neighboring Terms
Premier Vendor Content Whitepapers, webcasts & resources from our Power Center Sponsors
- Technology Innovation
-
Discover how Intel is advancing the pace of new developments in architecture and silicon and delivering great leaps in energy efficiency and processor performance.
- Transform your computing experience >>
- Technology Innovation
-
Discover how Intel is advancing the pace of new developments in architecture and silicon and delivering great leaps in energy efficiency and processor performance.
- Transform your computing experience >>
- Create new ways to live, work and play with Intel
-
Learn how Intel researchers around the world are developing with tera-scale computing, wireless computing anywhere on earth, advanced exploratory research, and more.
- Learn about new technology that improves every facet of life >>
