What Is Employee Turnover?Įmployee turnover reflects how many workers depart a business, whether by their own choice or involuntarily.
Steps to reduce turnover include rethinking recruiting strategies, enhancing career advancement opportunities and providing more training and development offerings.
Turnover merch drivers#
Fortunately, most of the drivers behind employee turnover are preventable and fixable. It can lead to a loss of institutional knowledge and hinder efforts to foster corporate culture. Moreover, new employees can inject energy and fresh ideas into an organization.īut excessive turnover drives up costs and diverts time and attention from organizational goals.
No matter how thoughtful an organization's recruiting strategy, not every employee will be a great fit, or they might receive an offer too compelling to turn down. Yet every year, a percentage of workers voluntarily leave their jobs.įor most companies, it’s just about impossible to eliminate all employee turnover. Organizations are more likely to enjoy strong, sustained performance when their workers are motivated, productive and continually striving to reach new goals.
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