what is a turnover ratio in a company 
perhaps the most common use of a turnover ratio is to measure the proportion of a company s employees who are replaced during a year a low employee turnover rate indicates that people seldom leave the company a high turnover rate means they re fleeing in large numbers there s no good or bad turnover rate some industries have high turnover rates by their nature tech has a high turnover ratio because its employees are in high demand elsewhere the retail and hospitality industries have high turnover ratios because their jobs are ill paid and tough to do 678