How can you have more than 100% turnover?

Question

This is the first line in an article about the fast food industry: “With the fast-food industry facing 150% annual turnover rates, brands are turning to Miso’s AI-powered kitchen robot, Flippy, to help increase profits…” How can you have more than 100% turnover? Thank you.

In: Economics

Answer 1

If you have ten employees and over the course of a year 15 people quit, but you keep hiring replacements then you have more turnover than total employees.