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This question is about employee turnover statistics.
What are the different types of employee turnover?
There are several different types of employee turnover that can impact a business. Firstly, there is voluntary versus involuntary turnover.
As the name suggests, voluntary turnover is when the employee decides to leave their job through quitting or retirement. Alternatively, involuntary turnover is when the employer steps in and severs the employment relationship through firing for bad performance or due to layoffs.
Other terms that are used to describe employee turnover are the sub-genres of being healthy, regrettable, and avoidable.
Healthy turnover: When an employee's departure from a company is the best choice for all parties involved.
Regrettable turnover: When a company loses a high-performing employee, which would've been better to keep.
Avoidable turnover: When an employee leaves a company for the reason that the employee could've prevented.
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