What does turnover refer to in an organizational context?

Turnover in an organizational context specifically refers to the percentage of employees who leave the company within a certain period. This metric is crucial for organizations as it provides insights into employee retention, workplace culture, and overall job satisfaction. High turnover rates may indicate issues such as poor management, lack of growth opportunities, or inadequate compensation, while low turnover rates generally suggest a stable work environment that can foster productivity and morale. Understanding turnover rates allows organizations to implement strategies to improve employee retention, enhance job satisfaction, and create a more effective workplace.

The other options do not accurately describe turnover. Promotions pertain to career advancement rather than employee departure, employee satisfaction ratings reflect how employees feel about their job instead of measuring turnover, and average tenure relates to how long employees stay with the company without directly indicating how many leave. Therefore, the percentage of employees who leave the company is the best representation of turnover in an organizational context.