turnover
US /ˈtɜːrnoʊvər/
Definition
the ratio of the number of workers that had to be replaced in a given time period to the average number of workers
Tested in TOEIC business and workplace contexts.
Examples
Offering competitive salaries and flexible working hours helps the company reduce high employee turnover.
Synonyms
- attritionerosion by friction
- sales volumehaving a meaning similar to turnover
Collocations
- Easy high staff turnoverdescribing high staff turnover (a lofty level or position or degree)
- Medium annual corporate turnover figuresdescribing annual corporate turnover figures ((botany) a plant that completes its entire life cycle within the space of a year)
- Hard mitigate costly employee turnover ratesto mitigate costly employee turnover rates, meaning to lessen or to try to lessen the seriousness or extent of
- Very Hard inventory turnover velocity outstrips competitorsto inventory turnover velocity outstrips competitors, meaning to make or include in an itemized record or report
Learner's English edition · Curated definitions for TOEIC learners.