Describe the concept of turnover Why is turnover of such great concern to organizations

Describe the concept of turnover Why is turnover of such great concern to organizations

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Customer Last Name 1 Customer Inserts His/her Name Customer Inserts Tutor’s Name Customer Inserts Grade Course Writer Inserts Date Here (Day, Month, Year) Why is turnover of such great concern to organizations? Employee Turnover can be described as a rate at which organizations replaces or changes its staff. The companies who experience high turnover are the ones in which employees are changed frequently. It is the rate of number of permanent employees changed over the average total permanent employees. This means that if a company A had 100 permanent employees and out of these 100, 50 are changed now and we compare this with company B which had 100 employees and it changed only 10 employees in the same given period then the turnover rate of company A is 50% and that of company B is 11%. There are a number of factors and reasons for the concept. Mostly companies want to reduce the turnover as it is not usually considered healthy. Companies follow retention strategies to retain the employees so the turnover is decreased. There are a number of reasons
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Describe the concept of turnover Why is turnover of such great concern to organizations

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