Term:
Labour turnover
Definition:

Is concerned with movements of individuals into jobs (hirings) and out of jobs (separations) over a particular period. Labour turnover is the sum of job turnover, which relates to the expansion and contraction of establishments or firms, and the movement of workers into and out of ongoing jobs in establishments or firms. Workers leave firms and firms hire other workers to replace them, regardless of whether the firm itself is growing or declining.

Domain:
Labour
Source:
OECD
arrow-up icon
Feedback