Employee turnover refers to the rate at which employees leave a company and are replaced by new hires. This can occur for various reasons, including retirement, resignation, or termination. High turnover can be costly for businesses, as it often leads to increased recruitment and training expenses, as well as potential disruptions in productivity. Organizations often track turnover rates to assess employee satisfaction and the effectiveness of their workplace culture. A high turnover rate may indicate issues such as poor management, lack of career advancement opportunities, or inadequate compensation. Addressing these factors can help improve retention and create a more stable workforce.