labour turnover Flashcards
what is labour turnover?
The percentage of employees voluntarily leaving a business over a period of time
why are some businesses receiving higher labour turnover than others
Some businesses may have seasonal labour turnover(e.g holiday parks)
Some businesses choose to employ temporary staff such as (hotels)
Some businesses offer low paid jobs and hard working conditions
problems associated with higher labour turnover?
High recruitment costs(job advertising), times costs(writing job descriptions and interviewing people),and training people.
loss of trained staff(maybe only they could complete a task),effective staff-leads to lower productivity untill new staff is fully trained
Low motivation for remaining staff- makes your company look like it’s not a good place to work – with low employee satisfaction you don’t have staff who advocate for you and have too many leavers reviewing your company.
what are ways to reduce labour turnover
Pay staff more
Move towards ‘soft’ HR
Redesign jobs to make them more interesting
Offer training, promotion & career development
