turnover

Examples of turnover in the following topics:

• Efficiency Wage Theory

  • However, firms may choose to pay wages higher than the market-clearing equilibrium in order to incentivize increased worker productivity or to reduce turnover.
  • Minimizing turnover: As mentioned above, by paying above-market wages, the worker's motivation to leave the job and look for a job elsewhere will be reduced.

• Relationship Between Output and Revenue

  • Revenue, also known as turnover, is the income that a company receives from normal business activities, usually from the sale of goods and services.

• Impact of Unions on Unemployment

  • Many argue that unions are capable of raising productivity by reducing turnover, increasing coordination between workers and management, and by increasing workers' motivation.