Which term is best associated with the concept of workers being replaced due to leaving their job?

The term most closely associated with workers being replaced due to leaving their job is turnover rate. This concept measures the rate at which employees leave an organization and are replaced by new hires. Turnover can result from various factors such as job dissatisfaction, better opportunities elsewhere, or organizational changes. A high turnover rate often indicates issues within the workplace that may require management intervention, such as improving employee satisfaction or enhancing workplace culture.

In contrast, retention rate pertains to the opposite of turnover; it focuses on the percentage of employees who remain with an organization over a specific period. Engagement level refers to the level of commitment and involvement an employee shows toward their organization and its values. Job stability indicates how secure employees feel in their current positions, often influenced by turnover and retention. Understanding turnover rate is crucial for organizations aiming to maintain a stable workforce and minimize costs associated with hiring and training new employees.