The SuccessFactors Standard: Differences in the Measurement of Retention and Turnover

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Author: SuccessFactors, an SAP company | Published: October 1, 2015

Having a prepared workforce is critical to business strategy and performance. As businesses evolve and mature, and as leaders look for other, more innovative ways to improve operational efficiencies and to drive growth, the workforce continues to be a key lever in the business success as well as a higher percentage of the operating expenses. While most organizations recognize that employee turnover can represent a substantial impact and expense to the business, few have a solid understanding of the magnitude. Hence, organizations have been developing a keen interest in variations of one of the most fundamental measures in human capital: turnover.