What term describes an employee permanently leaving their position?

The term that describes an employee permanently leaving their position is "Employee Turnover." This concept refers to the rate at which employees leave a company and are replaced by new hires. It encompasses various scenarios, including voluntary resignations, retirements, and involuntary terminations, thus providing a comprehensive view of workforce stability and dynamics within an organization.

Understanding employee turnover is crucial for businesses as it can significantly impact their operation, culture, and overall performance. High turnover rates can indicate potential issues within the workplace, such as employee dissatisfaction, inadequate compensation, or better opportunities elsewhere. Employers often monitor turnover as a key performance indicator to assess the health of their workforce and make informed decisions regarding recruitment, retention strategies, and employee engagement practices.

In contrast, the other terms relate to different aspects of employment processes and do not specifically address the idea of employees leaving a position permanently. Exit interviews focus on gathering feedback from departing employees, performance evaluations assess an employee's work performance, and promotion policies dictate the criteria and process for advancing employees within the company.