Chapter 15 Flashcards
What is voluntary turnover?
Quit, retirement, resignation
What is involuntary turnover?
Dismissed, layoff
What are some reasons for turnover?
New challenges, ineffective leadership, poor relationship with managers, emplyoee desired work-life balance, employee left contributions were’t valued, employee seeking better compensation or benefits, employee seeking beter personal values, employee seeking better fit for skills.
What are some involuntary reasons?
Downsizing or restructuring, company fianically unstable, and company.job relocation.
What are the cost of turnover?
Separation costs, interview, admin, separation or severance pay.
Vanacy costs, temp workers, overtime, loss of sales due to vanacy.
Replacement costs
Recruiting/hiring replacement
Training costs
For replacement
What are the fair and just disp process?
Rules and regulations, clear expectations of acceptable behaviour
Progressive disipline, warning etc
What is insubordination?
Disregard or disobedience of authority
What is employee engagement?
Making them FEEL USEFUL,