Measure the organisation's labour turnover
Key points
- Labour turnover is the outflow of people from an organisation. The right level of turnover for a particular organisation will depend on, for example, region, industry and resourcing needs.
- There are several methods for measuring labour turnover, including the wastage index or standard formula, the resignation rate, the stability rate and the survival rate. However, the organisation also needs to analyse the underlying reasons for staff departures.
