Understanding
Turnover
Turnover
This term describes when employees leave a company, either voluntarily or involuntarily.
What is turnover?
Turnover creates opportunities for these employees to be promoted
What are internal candidates
High turnover can negatively impact this key factor in team performance.
What is morale
This company is known for its “up-and-out” strategy that normalizes turnover.
What is McKinsey & Co
Viewing turnover as an opportunity rather than a problem reflects this type of mindset.
What is a growth mindset
Turnover can provide this positive outcome by bringing fresh perspectives to a team.
What is innovation
Former employees who return to a company after gaining experience elsewhere are called this.
What are boomerang employees
Frequent turnover may result in the loss of this valuable company resource.
What is institutional knowledge
Companies should invest in these programs to help employees develop skills for their next roles.
What are training and development programs
Companies that position themselves as these help employees build skills for future roles.
What are career accelerators
High turnover can be costly due to expenses associated with this.
What is recruiting and training new employees
Turnover can help remove employees who are not contributing positively, which is often called this.
What is pruning underperformers
Turnover can disrupt project timelines and reduce this aspect of work efficiency.
What is productivity
A structured process for departing employees can create positive experiences and valuable feedback.
What is offboarding
Celebrating employee departures and future successes can foster this type of company culture.
What is a supportive culture
A company that encourages turnover as part of its strategy might use this term to describe their approach.
What is intentional attrition
Alumni networks from companies with intentional turnover can strengthen this aspect of business operations.
What is professional networking
A high turnover rate can indicate problems in this department responsible for hiring and retention.
What is human resources
Organizations that encourage employees to move across teams internally foster this.
What is internal mobility
Alumni who speak positively about their former employer help build this aspect of brand perception
What is employer brand loyalty
Excessive turnover can harm this aspect of a company’s reputation.
What is employer branding
Turnover can lead to this benefit when departing employees share positive experiences about their former employer.
What is enhanced employer reputation
Negative turnover experiences often lead to poor reviews on these platforms.
What are job review websites
Maintaining a network of former employees can be achieved by creating this type of community.
What is an alumni network
Intentional turnover encourages employees to think of their tenure as this rather than a permanent commitment
What is a career chapter