After you hire that perfect candidate then your mission is to keep them around for awhile. High turnover can be a plaguing problem in many companies. Human Resources Management can play an effective role in keeping turnover to a minimum. It can also do just the opposite which is increase turnover by not implementing the necessary employee programs which induce good employee retention. I will discuss the causes, effects, and the prevention of turnover.
Turnover occurs when someone changes jobs.
Turnover can be voluntary or involuntary. Involuntary turnover is the result of termination and layoffs. Involuntary turnover is usually cost effective for the company. Layoffs usually occur when the company cannot afford to pay so many workers when times are difficult. Termination can be cost effective when you replace a non-productive worker with a productive worker.