Turnover

Topics: Employment, Management, Organizational studies and human resource management / Pages: 17 (5134 words) / Published: Mar 7th, 2015
TURNOVER IN ORGANIZATIONS

TURNOVER IN ORGANIZATIONS 1
TURNOVER 4
INTRODUCTION 4
Significance 5
Literature Review 6
Non-Monetary Incentives Vs. Cash Incentives 7
Internal vs. external turnover 8
Skilled vs. unskilled employees 9
Voluntary vs. involuntary turnover 9
Causes of high or low turnover 9
WHY ptcl? 10
RESEARCH METHODOLOGY: 10
HYPOTHESIS: 10
The reasons for higher rate of turnover 10
CONCLUSION: 15
Suggested Proposals 16
Recruitment and induction 16
Contracts, pay and working environment 17
Measure your staff turnover 17
Measure and benchmark turnover 17
Manage staff turnover 18
Develop and maintain skills 19
Leadership and people management 19
Checklist: controlling staff turnover 20
REFERENCES 21
 http://hbswk.hbs.edu/archive/4277.html 21
 http://www.ncbi.nlm.nih.gov/pubmed/15068736 21
 http://econpapers.repec.org/paper/wopxeroxp/_5F002.htm 21
 http://answers.yahoo.com/question/index?qid=20060808161343AAif76M 21
 http://www.outsourcingleadership.com/managing-turnover.shtml 21
 http://www.insightlink.com/exit_interviews_employee_turnover.html 21
 http://www.insightlink.com/exit_interviews_employee_turnover.html 21

TURNOVER

INTRODUCTION
Turnover, in a human resources context refers to the characteristic of a given company or industry, relative to rate at which an employer gains and loses staff.
If an employer is said to have a high turnover, it most often means that employees of that company have a shorter tenure than those of other companies in that same industry. Similarly, if the average tenure of employees in a particular sector is lower than that in other sectors, that sector can be said to have a relatively high turnover.
Learning by individuals in an organizational context is a well understood process. This is the traditional domain of human resources, including activities such as: training, increasing skills, work experience, and formal education. Given that the success of any organization is founded on the knowledge of the people who



References: Hack man, J. R., & Oldham, G. (1980). "Motivation through the design of work: Test of a theory." Organizational Behavior and Human Performance 16: 45–99.  Tett, R.P

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