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  • Implications of Employee Turnover To A Business

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    sefto
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    The document discusses the positive and negative implications of employee turnover for a business. Positively, bringing in new staff can provide innovative ideas, increased knowledge and experience, and improved worker morale and culture. However, turnover also results in human resource costs to find and train replacements, lower workplace morale and motivation during disruptions, and reduced productivity and revenue.

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    Business Management Matrix

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    Data Analysis

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    The document discusses the positive and negative implications of employee turnover for a business. Positively, bringing in new staff can provide innovative ideas, increased knowledge and experience, and improved worker morale and culture. However, turnover also results in human resource costs to find and train replacements, lower workplace morale and motivation during disruptions, and reduced productivity and revenue.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views1 page

    Implications of Employee Turnover To A Business

    Uploaded by

    sefto
    The document discusses the positive and negative implications of employee turnover for a business. Positively, bringing in new staff can provide innovative ideas, increased knowledge and experience, and improved worker morale and culture. However, turnover also results in human resource costs to find and train replacements, lower workplace morale and motivation during disruptions, and reduced productivity and revenue.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 1

    ADAPTION & INNOVATION Business Can Be Restructed To Suit Current Climate New Staff Can Provide Innovative Ideas

    KNOWLEDGE & EXPERIENCE Increased Knowledge From New Staff Increased Experince From New Staff Potential To Gain Competitors Secrets

    MORALE & CULTURE Improved Worker Morale Improved Workplace Culture Increased Motivation

    PERFORMANCE & PRODUCTIVITY Increased Productivity Staff Can Perform Better

    POSITIVE FACTORS

    IMPLICATIONS OF EMPLOYEE TURNOVER TO A BUSINESS

    NEGATIVE FACTORS

    HUMAN RESOURCE COSTS Search & Agency Fees Advertising Correspondence Interviews Medical

    TRAINING & DEVELOPMENT COSTS Formal training Costs In-formal Training Costs

    WORKPLACE MORALE, CULTURE & MOTIVATION Low Morale Poor Culture Among Staff Low Motivation

    OPERATIONAL INTERFERENCE, DISRUPTION & DIMINSHED PRODUCTIVITY Reduced Productivity Reduced Revenue Procedure & Systems Breakdown

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