ECONOMICS

Detailed explanation-1: -Labour turnover is change in labour force. Labour turnover may be defined as the number of workers replaced during a given period relative to the average labour force during the period. It is the number of workers who left the job during a period relative to the average labour force during the period.

Detailed explanation-2: -Labour turnover is the ratio of the number of persons leaving in a period to the average number employed. It is the change in the composition of the labour force in an organisation. It can be measured by relating the engagements and losses in the labour force to the total number employed at the beginning of the period.

Detailed explanation-3: -Labour turnover is defined as the rate of change of labour force in an organization during a specified period.

Detailed explanation-4: -Labour turnover is a metric that refers to an organisation’s net employee separations over a defined period of time. It is often referred to as ‘employee turnover’ and is closely related to employee attrition, also known as churn rate.

Detailed explanation-5: -Labour turnover is a measure of the number of employees leaving/being recruited in a period of time expressed as a percentage of the total labour force.