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

Let’s say full staff in your store is 10 people. By the end of the year you have hired 15 people and they have been fired, quit, or transferred to other jobs so you’ve needed to replace them. You have had turnover of 150%.