Turnover

/ˈtɜrnˌoʊvər/

Meaning & Definition

noun

The amount of business conducted in a given period, typically measured by sales or revenue.

The company's turnover increased by 15% last year.

The rate at which employees leave a workforce and are replaced.

The high turnover in the restaurant industry often leads to training challenges.

The total sales made by a company in a specific period.

The retail chain reported a turnover of $5 million during the holiday season.

An item made by folding a pastry dough over a filling, commonly used in baking.

She baked a delicious apple turnover for dessert.

verb

To cause to be turned over or turned around.

The manager had to turnover the staff to improve morale and productivity.

From turn + over, indicating the act of turning something over in contrast or in reference.

staff turnover:

The rate at which employees leave and are replaced in a company.

turnover rate:

The percentage of employees that leave a business over a specific period.

turnover tax:

A tax based on the total revenue generated by a business.

Turnover in sports context refers to losing possession of the ball.

That costly turnover led to a quick basket for the opposing team.

In business slang, turnover can refer to rapid changes in staff.

That startup is known for its high turnover; last month they replaced half their team.