GK
HUMAN RESOURCE MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The rate at which people enter and leave employment in a business during a year.
|
|
Layoff
|
|
|
Employee Turnover
|
|
|
Discharge
|
|
|
Exit Interview
|
Explanation:
Detailed explanation-1: -Though the terms are often used interchangeably, there’s a key difference in turnover rate vs. attrition rate. Attrition includes voluntary and involuntary departures, while turnover only includes voluntary ones. For example, if an employee is fired or laid off, your organization should count it as attrition.
Detailed explanation-2: -Turnover rate refers to the percentage of employees leaving a company within a certain period of time. High turnover can be costly to an organization because departing employees frequently need to be replaced.
There is 1 question to complete.