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| Definition | Turnover rate is the percentage of employees leaving the company within a specified time period. |
|---|---|
| Calculation | Number of employees who left during the measurement period/average number of employees during the measurement period*100. |
| Unit of Measurement | Percentage |
| Function | Core HR |
| Method of Estimation | HR system records, employee surveys, exit interviews. |
| Timeframe | Monthly, quarterly, annually |
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