Productivity is very important issue for an industry or organization. There are several factors on which productivity of an organization mostly depends upon.
Employee’s turnover is one of them which is considered to be one of the challenging issues in business nowadays. The impact of turnover has received considerable attention by senior management, human resources professionals and industrial psychologists. It has proven to be one of the most costly and seemingly intractable human resource challenges confronting by several organizations globally. The purpose of this research is therefore, to find out the actual reasons behind turnover and its damaging affects on the productivity of different industries in Bangladesh.
Relationships among Turnover and Productivity
Turnover deeply related with the productivity of an organization. Employee turnover can hamper the overall productivity of an organization and is often a symptom of other difficulties. Productivity is the measures of an organization to achieve its targeted production with the means of workforce, authority’s strategies, machineries, equipments and assets . Authorities must have plans to increase their productivity. Various terms affect productivity such as incentive scheme, line balancing, scheduling, etc. .
Production of a manufacturing organization is hampered due to labor turnover. This problem is one of the main factors for Ready Made Garment (RMG) sectors in Bangladesh.
Small percentage of turnover may cause considerable amount of production lost. Turnover directly affects the production and productivity. It causes a replacement which is costly and time consuming. So many formalities have to maintain to replace a person. During that time production is hampered to a great extent. There are also other difficulties during the replacement of workers such as follows:
• The newly replaced worker may not be efficient like the previous one. The newer