Glossary

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Financial Project Management Glossary

TimeLog Project covers the processes within the financial management
of projects. The glossary explains terms and concepts used in TimeLog Project.

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Turnover

Employee turnover is a measure of how good a company is at retaining its employees. A high turnover reflects the fact that a large part of the company's employees leave the workplace.

Retention for the company or a department can be calculated using this formula:

Resigned employees’ man-years (calculated using normal working time) divided by the number of man-years the department disposes of for the chosen time period (calculated using normal working time).

A high employee turnover in a department or entire company typically reflects bad management or a hard working environment.

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