Turnover

What is Turnover?

 

‘Turnover’ refers to the total revenue of a company in a particular time period, which is usually a financial year. Turnover is different from profit, which considers the expenditure of the company and subtracts it from the revenue.

 

Revenue which the company collects from other sources such as land rental, mutual funds, etc. are referred to as non-operating revenue and is not considered to be a part of the turnover.

 

Concerning HR, turnover refers to the rate at which the company recruits and losses employees. It is especially significant for businesses which are trying to improve their employee engagement levels.

More HR Terms

Matrix Organisation

What is Matrix Organisation?   ‘Matrix Organisation’ refers to a company where the employees are a part of their designated teams as well as work

ISO 9001

What is ISO 9001?   ‘ISO 9001’ refers to a standard within the family of quality management standards known as ISO 9000. For a company

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