It is another term for attrition rate, which some people prefer to use in their professional lives. Churn rate is the yearly percentage of employees leaving the company over a stated time period. This reflects an enterprise’s happiness and success quotient. If the churn rate is high then it is likely that the employees are highly dissatisfied with the day-to-day happenings of the company and may take job outside at first opportunity. If the churn rate is low, then it signifies that the company is keeping its employee’s satisfied and happy. A stable workforce increases its company’s profits and its gets well reflected in the ROI.
Sukriti Saini works as a content marketing strategist at HROne. She has done Bachelors in Journalism from Delhi University and carries several years of experience in content development. HR trends, Productivity, Performance and topics related to Employee Engagement garner most of her writing interest here. During leisure, she loves to write and talk about fashion, food & life.