Turnover Is A Word That Most Common Is Better Job Opportunity Or More Competitive Pay?

2480 Words Jul 7th, 2015 10 Pages
Turnover is a word that most people in the workforce are familiar with. It can be involuntary, which generally means termination of an employee, or it can be voluntary, which means an employee has made the decision to leave, whether it be something life altering such as moving out of area, or maybe they found a better job offer. One goal of a Human Resource department is to reduce both types of turnover. Turnover costs the company time, money, and productivity, so reducing these costs is important. The first thing to look at is what causes this turnover, and then create approaches to reduce these causes in the future. Let’s begin by looking at the top reasons why employees resign, or the voluntary turnover. One of the most common is better job opportunity or more competitive pay. Many people are working to live opposed to living to work, and when it comes to being able to snag a better opportunity at a higher salary, it’s generally an easy choice. Company culture is just one example of what can keep an employee wanting to stay, and avoiding this type of turnover. According to an article on bizfilings.com, the most common reasons for high turnover include bad match between employee’s skills and the job, substandard environment, lack of opportunity for advancement or growth, feelings of being unappreciated, inadequate supervision and training, and, substandard wage structures [bizfilings.com]. An article from Hcareers.com lists its top ten reasons that employees resign…
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