Employee turnover, causes, the relationship between turnover and productivity and recommendations to reduce it (original) (raw)

Employee Turnover: Causes, Importance and Retention Strategies

2021

This research aims to understand the causes of employee turnover and retention strategies in an organization. Key research findings indicate that employees have several reasons to leave their workplaces, such as job stress, job satisfaction, job security, work environment, motivation, wages, and rewards. Furthermore, employee turnover has a huge impact on an organization due to the costs associated with employee turnover and can negatively impact the productivity, sustainability, competitiveness, and profitability of an organization. However, the organization must understand the needs of its employees, which will help organizations, adopt certain strategies to improve employee performance and reduce turnover. Thus, implementing strategies will increase job satisfaction, motivation and the productivity of individuals and organizations, which can reduce employment problems, absenteeism, and employee turnover.

Employee Turnover – A Study of its Cause and Effect with Special reference to Automobile Sector

Productivity is the most important factor for any industry or the organization. There are number of factors on which the productivity of the organization depends upon. And employee turnover is considered to be one of the challenging issues in the today competitive business nowadays. The employee turnover has received considerable attention by the organizations this days as it is very closely related to the growth and development of any organizations Employees turnover is an important issue for not only the automobile industry but also the service and IT industry.It has proven to be one of the most costly and seemingly inflexible human resource challenges confronting by several organizations globally All important factors such as Productivity, overall efficiency, quality etc gets affected by an issue of employee turnover. Therefore impact of turnover has received considerable attentionby senior management, professionals and industrial psychologists. This research paper focus on the different factors that are responsible for the labor turnover in an automobile industry. It also focus on the different major to be consider in order to reduce these problem from all the different sector of the industry.

A review of the literature on employee turnover

African Journal of Business Management, 2007

Employee turnover" as a term is widely used in business circles. Although several studies have been conducted on this topic, most of the researchers focus on the causes of employee turnover but little has been done on the examining the sources of employee turnover, effects and advising various strategies which can be used by managers in various organisations to ensure that there is employee continuity in their organisations to enhance organizational competitiveness. This paper examines the sources of employee turnover, effects and forwards some strategies on how to minimize employee turnover in organisations.

Employee Turnover – A study of its Cause and effect with specail reference to Automobile sector

Productivity is the most important factor for any industry or the organization. There are number of factors on which the productivity of the organization depends upon. And employee turnover is considered to be one of the challenging issues in the today competitive business nowadays. The employee turnover has received considerable attention by the organizations this days as it is very closely related to the growth and development of any organizations Employees turnover is an important issue for not only the automobile industry but also the service and IT industry. It has proven to be one of the most costly and seemingly inflexible human resource challenges confronting by several organizations globally All important factors such as Productivity, overall efficiency, quality etc gets affected by an issue of employee turnover. Therefore impact of turnover has received considerable attention by senior management, professionals and industrial psychologists. These research paper focus on the different factors that are responsible for the labor turnover in an automobile industry. It also focus on the different major to be consider in order to reduce these problem from all the different sector of the industry

A Systematic Review on Importance of Employee Turnover with Special Reference to Turnover Strategies

Irish Interdisciplinary Journal of Science & Research (IIJSR) , 2022

This studies targets to apprehend the reasons of worker turnover and retention techniques in a business enterprise. Key studies findings suggest that personnel have numerous motives to go away their workplaces, including activity strain, activity pride, activity security, motivation, wages, and rewards. Furthermore, worker turnover has a large effect on a business enterprise because of the prices related to worker turnover and may negatively affect the productiveness, sustainability, competitiveness, and profitability of a business enterprise. However, the business enterprise need to apprehend the wishes of its personnel, with the intention to assist agencies, undertake positive techniques to enhance worker overall performance and decrease turnover. Thus, imposing techniques will growth activity pride, motivation and the productiveness of people and agencies that may lessen employment issues, absenteeism, and worker turnover. In a HR setting, turnover or work turnover is the rate at which a business gains and loses representatives. Basic method for portraying it are "the way lengthy workers will generally remain" or "the pace of traffic through the rotating entryway." Turnover is estimated for individual organizations and for their industry all in all. Assuming a business is said to have a high turnover comparative with its rivals, it implies that representatives of that organization have a more limited typical residency than those of different organizations in a similar industry. High turnover might be hurtful to an organization's efficiency in the event that gifted labourers are much of the time leaving and the specialist populace contains a high level of fledgling labourers. Unreasonable turnover can be an expensive issue, one with a significant effect on efficiency. One firm had a turnover pace of over 120% each year. It cost the organization $1.5 million a year in lost efficiency, expanded preparing time, expanded worker determination time, lost work productivity, and other roundabout expenses. Yet, cost isn't the main explanation turnover is significant. Extended preparing times, hindered plans, extra time, botches, and not having educated representatives set up are a portion of the disappointments related with over the top turnover. Turnover rates normal around 16% each year for all organizations, yet 21% each year for IT companies.54 Computer organizations normal higher turnover on the grounds that their representatives have numerous potential chances to change occupations in a "hot" industry. Many investigations show that organizations with low turnover rates are very representative situated. Representative situated associations request info and contribution from all workers and keep a valid "open-entryway" strategy. Workers are given open doors for progression and are not obsessively hovered over. Workers accept they have a voice and are perceived for their commitment.

“Cause, Effect and Remedies of Employee Turnover”: A Critical Literature Review

2020

"Employee Turnover" is a familiar term in today's organization, it means percentage of employees leaving work place and replaced by new employees. This is a very sensitive and highly challenging field for the management to control and regulate A few study have been made on this topic to know the causes of turnover in different organizational prospective. It is observed that the rate of turnover fluctuates in different workplaces according to the circumstance but the motives behind are relatively comparable. The researchers in this literature study tried to high lights the different causes of turnover, their affect on organization and suggest some remedial measures to overcome voluntary employee turnover by referring number of research articles. This specific study follows a status quo model of literature review, which allows the reader to understand the recent trends and practices to reduce turnover of employees in the organizational practices.

Cost of High Employees Turnover Rate in Oil Refinery Industry of Pakistan

Information and Knowledge Management, 2015

Employee's turnover is the challenging issue for the organizations and has always negative impact on the organizations. When employees leave their company, it does not only reduce the performance of the organizations but lessen the productivity and profitability of the organizations as well. It also increases the management difficulties and hiring cost for the new people to fill the vacant positions and train them. It has been observed that employee turnover, especially in oil refinery industry of Pakistan, is becoming a problem which costs a lot of money, efforts and energy. This problem might be a major obstacle for HR professionals in formulation of their HR policies. Major factors involve in employees turn over include: performance appraisal system, organizational policies and their implementations, working environment, job growth, bosses behaviors, benefits, compensation, economic condition of the company and performance of the company, etc. This study aims to identify the cost on employee's turnover in oil refineries of Pakistan and to suggest some employee retention strategies within the oil refineries of Pakistan. Data was collected mainly from secondary sources through the use of internet searching and downloading the research papers related to the topic of the paper. The author recommend that oil refineries of Pakistan need to review their policies to retain their valuable employees and save their cost on employees turnover. Keywords: Cost on employees turn over, Oil refineries of Pakistan, working environment, compensation.

Review of Literature on Employee Turnover

Indian Journal of Applied Research, 2011

The issue of staff turnover has been the subject of growing interest in many organizations around the world. Indeed, it turns out that a significant part of these organizations were forced, at a certain stage of their development, to raise the issue. In this respect, organizations should be alerted to the rate of voluntary staff turnover because of the negative impacts it could have on the performance of their activities. The purpose of this article is to carry out a literature review on the various theoretical factors and trends that explain the phenomenon of voluntary turnover.

Identifying the Factors for Reducing Employee Turnover Rate in Aviation Business: Bangladesh Context

2017

Managing employee turnover for any organization is considered one of the demanding tasks for today’s competitive business word. This has been evident as an enduring problem in the aviation business of Bangladesh. In recent days, the impact of employee turnover has received considerable attention of human resources professionals and senior management working in the sector. In Bangladesh, skilled employees join the aviation companies with high expectations, but reality frustrates them and forces to switch. As a result, gradually this sector is facing shortage of talents and failing to achieve their goals. Thus, this research aims to find out the influencing factors that help to reduce employee turnover in aviation industry. A survey questionnaire was administered among the employees of aviation companies targeting the purpose using random sampling method. Data collected are analyzed through descriptive statistics. Subsequently, logistic regression models are used to portray the causal...