What is the definition of Staff Turnover in the hotel industry?
Also called as turnover rate or worker turnover price.
The word refers to the annual average percentage of workers who abscond the business through a definite quantity of time. The staff turnover can be exaggerated by both the employer or the employees. In common corporations should intend to keep the employees turnover as low as possible.
How can staff turnover be considered?
Employee turnover rate = (Number of workers that left through the given period / Average number of workers through the period) x 100
Staff turnover can be tear into intended turnover and involuntary turnover.
Voluntary turnover refers to worker actively choosing to depart a company. Voluntary turnover happens due to many reasons, some of which are improved work opportunities somewhere else, quarrel within the workplace, disengagement, a short of motivation etc.
Involuntary turnover is when a company chooses to let off an employee, due to negative actions perhaps due to poor performance or other reasons.