What is turnover, what are the types and how to reduce it
Posted: Mon Dec 23, 2024 9:20 am
A company is like a machine: each part needs to perform its function properly for everything to work properly. When one of the gears fails or needs to be replaced, the entire production is affected. This is what happens when an employee leaves the organization; the entire chain suffers the impact of their departure. It is even worse when there is a high turnover rate among employees — the so-called turnover — generating a series of consequences that hinder the development of the business.
Is your company having problems with high staff turnover? Do c-level executives email database stay in their positions for a certain amount of time to develop professionally and then quit? Or is the recruitment process not effective and several employees have had to be laid off? Don't worry! We will help you resolve this situation.
What you will see in this article:
What is Turnover?
Reasons for Turnover
What is a Good Turnover?
What to do to reduce Turnover?
Types of Turnover
What is Turnover?
This word is the English term for high turnover in a company's staff, which results in an increase in the number of new hires to replace professionals — either because they resigned or because they were laid off. Regardless of the case, this replacement or the simple departure of the employee already causes several negative impacts on the organization.
Considering the bigger picture, the dismissal of an employee is a situation that creates a snowball effect: if an employee leaves his/her position, someone will have to assume his/her responsibilities or else the activities will be halted. If this is resolved internally, even if temporarily until the new hire is made, the replacement employee may be overloaded with two or more functions, compromising his/her work and thus the quality of the service.
Is your company having problems with high staff turnover? Do c-level executives email database stay in their positions for a certain amount of time to develop professionally and then quit? Or is the recruitment process not effective and several employees have had to be laid off? Don't worry! We will help you resolve this situation.
What you will see in this article:
What is Turnover?
Reasons for Turnover
What is a Good Turnover?
What to do to reduce Turnover?
Types of Turnover
What is Turnover?
This word is the English term for high turnover in a company's staff, which results in an increase in the number of new hires to replace professionals — either because they resigned or because they were laid off. Regardless of the case, this replacement or the simple departure of the employee already causes several negative impacts on the organization.
Considering the bigger picture, the dismissal of an employee is a situation that creates a snowball effect: if an employee leaves his/her position, someone will have to assume his/her responsibilities or else the activities will be halted. If this is resolved internally, even if temporarily until the new hire is made, the replacement employee may be overloaded with two or more functions, compromising his/her work and thus the quality of the service.