labour turnover

Definitions

Accounting

  • noun the movement of employees with some leaving their jobs and others joining.

Economics

  • noun the movement of labour into and out of businesses, as old workers leave and new workers arrive. There are several factors involved, including retirement of older workers, mobility of workers who move from area to area as new jobs are created, and sacking of workers by management for various reasons. In general there is a higher turnover of workers in boom conditions than in recession.

Travel

  • noun changes in staff, when some leave and others join.
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