staff turnover
(noun)
The relative rate at which an employer gains and loses staff.
Examples of staff turnover in the following topics:
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Efficient buildings increase profits
- An increase in patient recovery rates and reduced hospital staff stress,
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Reducing Turnover
- In a human resources context, turnover is the rate at which employees leave an organization.
- Staff turnover can be optimal when a poorly performing employee decides to leave an organization, or dysfunctional when the high turnover rate increases the costs associated with recruitment and training of new employees, or if good employees consistently decide to leave .
- Turnover is measured for individual companies and for their industry as a whole.
- Preventing the turnover of employees is important in any business.
- Turnover can be optimal when a poorly performing employee decides to leave an organization.
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Review Techniques
- In a human resources context, turnover is the rate at which employees leave an organization.
- Staff turnover can be optimal when a poorly performing employee decides to leave an organization, or dysfunctional when the high turnover rate increases the costs associated with recruitment and training of new employees, or if good employees consistently decide to leave .
- Turnover is measured for individual companies and for their industry as a whole.
- Preventing the turnover of employees is important in any business.
- Turnover can be optimal when a poorly performing employee decides to leave an organization.
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Why do businesses greenwash
- An attempt to reduce the turnover of environmentally conscious staff (or to attract more staff), and
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Finding Good Candidates
- Selective hiring helps prevent the costly turnover of staff and increases the likeliness of high employee morale and productivity.
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Evaluating recruiting policies
- Selective hiring helps prevent the costly turnover of staff and increases the likeliness of high employee morale and productivity.
- If companies are not successful in their hiring practices, high turnover or low employee morale, decreased productivity will result.
- Research shows that the "degree of cultural fit and value congruence between job applicants and their organizations significantly predicts both subsequent turnover and job performance" (Pfeffer & Viega, Putting People First for Organizational Success, 1998).
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Activity Ratios
- For some business, inventory turnover is an incredibly important metric.
- Inventory turnover must be rapid, as the goods being sold are perishable.
- Fashion industries are similarly reliant on inventory turnover, as the seasonality of both fashion styles and climate create a strong necessity for careful activity management.
- For other businesses, asset turnover is a central activity metric.
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Line and Staff Structure
- This is an example of a staff position function.
- The line and staff structure combines the line organization with support from staff departments .
- It is very common for line and staff workers to come into conflict.
- Management textbooks advise resolving line-staff conflict by explicitly recognizing the mutual dependency of the two, making it clear what the staff role is, de-emphasizing any controlling elements of the staff role, having staff deliberately set out to win the confidence and trust of line workers, and emphasizing the staff role as part of the team.
- Explain the dynamics between the line managers and staff positions of a typical line and staff structure
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Ouchi's Theory Z
- "This is a managing style that focuses on a strong company philosophy, a distinct corporate culture, long-range staff development, and consensus decision-making" (Ouchi, 1981).
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HR Metrics
- "The old HR measures, such as head count, the cost of compensation and benefits, time to fill, and turnover, no longer cut it in this new world of accountability.
- Measurements here can include a variety of traditional measurements such as employee turnover, average stay of employees, efficiency of employees, etc.
- Time to fill becomes time to productivity; turnover rate becomes turnover quality; training costs become training return on investment" (Schneider, 2006).
- They can range from something simple and standard such as employee turnover to something creative that measures the effects of human capital increases, customer satisfaction increases, etc.