chapter 11 Flashcards
define turnover?
turnover: the termination of an individual’s employement with an organization
__% of canadian orgs. admit having difficulties recruiting and retaining talent.
50% of canadian orgs. admit having difficulties recruiting and retaining talent.
3 major reasons for turnover are…
- downsizing restructuring
- sought new challenges
- ineffective leadership
four main components associated with cost of the turnover are…
- separation costs
- Vacancy costs
- Replacement costs
- Training costs
high turnover rates is problematic given the fact that the cost of turnover ranges from ___ to ___% of salary
high turnover rates is problematic given the fact that the cost of turnover ranges from 150 to 250% of salary
Voluntary turnover vs involuntary turnover
voluntary = employee initiated involuntary = employer initiated
functionnal voluntary turnover vs dysfunctionnal voluntary turnover
functionnal = good employees stay bad goes dysfunctionnal = bad stays good goes
name the 5 predictors of voluntary turnover
1- low organizational commitment 2- low role clarity 3- low tenure 4- high role conflict 5- low overall job satisfaction
define quitting.
quitting: voluntary employee-initiated resignation
the eployee Standards act may requires employees with less than two years of employement with the employer to provide at least __ week of notice when quitting and employees with 2+ years to provide a __ weeks notice
the employee Standards act may requires employees with less than two years of employement with the employer to provide at least 1 week of notice when quitting and employees with 2+ years to provide a 2 weeks notice
Explain the supreme court ruling in 2008 for don delamont for mass exodus
Don delamont mass exodus from RBC guilty fine of 1.5M$ and 40 000$ to the employees to merrill lynch
According to Stats can average life expectancy was __._ years for men and almost __ years for women in 2011
According to Stats can average life expectancy was 78.3 years for men and almost 83 years for women in 2011
Average age of retirement:
public sector __ years old
private sector __ years old
Average age of retirement:
public sector 60 years old
private sector 62 years old
What is retirees on call?
retirees on call: retirees can continue to work on a part-time basis
A fair and just disciplinary process is based on three foundations …
- rules and regulations
- Progressive discipline
- dismissal for just cause