Employee Turnover and Measures to Control

Author: Kanika Maheshwari

Abstract:
Employee turnover is a serious problem for managers who wish to retain important and talented employees. The high costs associated with recruiting, selecting, and training new employees can hurt the bottom line of businesses. This article is on employee turnover to deduce and analyze five key factors which continuously arise throughout that literature which explain why employees often voluntarily leave their jobs. These five key factors are: a lack of training; an employer not fostering a sense of purpose for the employee at work; inadequate tools or resources from the organization; an insufficient compensation or benefits package; and shocks which influence an employee to impulsively leave his or her job. Managerial strategies are discussed in terms of these five key factors that cause employee turnover in order to highlight solutions that supervisors/managers can institute to reduce the number of employees leaving their jobs.

Keywords:Complacency, Accessions, Exiters, Buffering.

DOI:

International Journal of Trade & Commerce (Vol: 7 Issue:1)