Minimizing Employee Turnover
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”.
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How Much to Replace an Employee ?
The Right People in the Right Places
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Studies show that the average cost to replace a worker in the US is $17,000.00 (AVERAGE!!). ...
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 ...
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 ...
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 ...