Labour Turnover (Quick Revision) Flashcards
Define: Labour Turnover
Labour Turnover is the proportion of employees leaving a business over a period of time.
What is the equation for labour turnover?
Labour Turnover (%) = no. of employees leaving a business over given period/average number employed X 100
New recruits require i…………… training. Explain.
Introduction; they are introduced to the job, their colleagues and the firm
State three possible causes of high labour turnover.
- Poor pay
- Poor conditions
- Poor management
State three problems of high labour turnover.
- Recruitment costs
- Training costs
- Disruptive for staff
What is the Examiner’s note for Labour Turnover?
Labour turnover is not indicator of the effectiveness of human resource management. Others include productivity and absenteeism.
What is the Evaluation point for Labour Turnover?
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).