Glossary
New Hire Turnover
Meaning & Definition
New Hire Turnover can be described as the number or percentage of employees leaving the organization after joining the organization within a given time frame, usually within the first 30, 60, 90 days, or one year of employment.
Importance of New Hire Turnover
- It assesses the efficiency of the recruiting process.
- Helps in identifying problems that impact employee retention in the beginning phase.
- Decreases the cost associated with recruiting and training due to a higher quality of hiring.
- It assists in effective workforce planning.
- Enhances employee experience and retention strategy.
Legal Compliance / Policy / Regulation
There is no particular statutory compliance applicable to New Hire Turnover.
