The employee turnover rate is a measure of how many employees leave a company over a specific period, usually expressed as a percentage. It helps organizations understand their workforce stability and can indicate issues such as job satisfaction or management effectiveness. A high turnover rate may suggest problems within the workplace, while a low rate often reflects a positive work environment. To calculate the turnover rate, divide the number of employees who left during a given time frame by the average number of employees, then multiply by 100. This metric is crucial for businesses, as it impacts productivity, morale, and overall costs associated with hiring and training new staff.