Labour Turnover (Quick Revision) Flashcards

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1
Q

Define: Labour Turnover

A

Labour Turnover is the proportion of employees leaving a business over a period of time.

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2
Q

What is the equation for labour turnover?

A

Labour Turnover (%) = no. of employees leaving a business over given period/average number employed X 100

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3
Q

New recruits require i…………… training. Explain.

A

Introduction; they are introduced to the job, their colleagues and the firm

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4
Q

State three possible causes of high labour turnover.

A
  • Poor pay
  • Poor conditions
  • Poor management
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5
Q

State three problems of high labour turnover.

A
  • Recruitment costs
  • Training costs
  • Disruptive for staff
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6
Q

What is the Examiner’s note for Labour Turnover?

A

Labour turnover is not indicator of the effectiveness of human resource management. Others include productivity and absenteeism.

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7
Q

What is the Evaluation point for Labour Turnover?

A

The level of labor turnover varies from industry to industry (e.g. the fast-food industry typically employs students and seasonal workers, and has a high labour turnover).

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