What term describes the rate at which employees leave a workforce and need to be replaced?

The correct term that describes the rate at which employees leave a workforce and need to be replaced is turnover. Turnover refers to the process of employees departing from an organization, whether voluntarily or involuntarily, and the subsequent need to fill those positions with new employees. High turnover rates can indicate issues within the workplace, such as low job satisfaction, inadequate management practices, or lack of growth opportunities, and may lead to increased costs for recruitment, training, and lost productivity.

In contrast, job satisfaction refers to how content employees are with their work, which can influence turnover but does not directly measure the rate of employee departure. Retention focuses on the ability of an organization to keep its employees and reduce turnover rates, while absenteeism pertains to employees being present at work versus being absent, rather than the issue of leaving the organization entirely. Each of these terms represents different aspects of workforce dynamics, but turnover specifically highlights the rate of employee departure and the need for replacement.