Your Employee Turnover Is Too High

(adsbygoogle = window.adsbygoogle || []).push({}); What is your organization’s ability to retain the brightest, most experienced and dedicated staff! These are the people who keep everything running smoothly day after day. Personnel ...

Minimizing Employee Turnover

(adsbygoogle = window.adsbygoogle || []).push({}); Today’s workforce seeks development, opportunity and job satisfaction. At one time, it was more common for workers to remain with one company for the duration of their career. ...

Reasons for Employee Turnover

Workforce managers, human resources professionals as well as industrial psychologists all have their own theories on the question of – “What are the reasons for employee turnover”. Among the most common causes of employees leaving a company ...

How Much to Replace an Employee ?

The Right People in the Right Places Studies show that the average cost to replace a worker in the US is $17,000.00 (AVERAGE!!). Some HR managers use the rule of thumb that whatever the person’s annual salary is – it will cost that much ...

Internal vs. external turnover

Like recruitment, turnover can be classified as ‘internal’ or ‘external’. Internal turnover involves employees leaving their current positions and taking new positions within the same organization. Both positive (such as increased ...

Why are the costs so high?

Why does it cost so much to replace a departing employee? Some costs, like paying off accrued vacation time or the cost of a help-wanted ad, are obvious. Other costs include: Increased unemployment insurance costs Lost productivity while there is ...

Types of Turnover

Turnover often is classified as voluntary or involuntary. The involuntary turnover occurs when an employee is fired. Voluntary turnover occurs when an employee leaves by choice and can be caused by many factors. Causes include lack of challenge, better ...

Employee Turnover

In a human resources context, turnover or labour turnover is the rate at which an employer gains and loses employees. Simple way to describe it are “how long employees tend to stay” or “the rate of traffic through the revolving door.” ...
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