Costs and Causes of Employee Turnover

Employee turnover costs businesses and the economy an astronomical amount of money every year; with some industries particularly vulnerable to its effects. Some turnover is normal and healthy in every sector; but above-average turnover can significantly lower productivity and morale in the workplace. Therefore; it is imperative that every organisation makes an effort to measure and analyse who is leaving – and why. This course provides an overview of the factors underlying employee turnover and how job and personal factors affect the likelihood that someone will tender their resignation. You will also learn what employers; recruiters and managers across all sectors can do to improve employee retention. You will discover why the first few weeks following a new hire are crucial; the role of training and how to build a positive workplace culture that inspires satisfaction and loyalty among employees.