This term Turnover is used for so many purposes where some can good and some have adverse impact on situations.
"Turnover can be defined as the percentage of units leaving or replacing the whole family".
Employee Turnover:          Employee turnover means number of employees leaving a company in a given time. Mostly companies see high employee turnover as a negative sign and try hard to retain employees with them because hiring new employees is a costly job. But sometime when companies delibrately fire employees to reduce financial burden.

Sales Turnover:          Sales turnover is the percentage of goods to sold with respect to production. The high this turnover the better for company as both the profit and market share increases with this.


Post a Comment