 If you had a big opportunity to move up in a company but you are in college what would you do.? |
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 Why does everyone hate Wal-Mart, but Target and K-Mart are O.K.? |
I understand why people hate Wal-Mart. What I don't understand, is why they give other mega, discount retailers, such as Target, K-Mart, Meijer, and Costco, a free pass.
I used to ... |
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 Is the company I'm working for breaking the law? |
This is a major retail store..
I am full time and they told me that I would have a minimum of 32 hours. Anything over 40 would be over time. They have me on the schedual in a few weeks ... |
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| or Target without getting stampeded by crazed cheap crap shoppers? It's literally a feeding frenzy for the masses, where half of them act like animals trying to get to the mud slop to eat! I ... |
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 Why doesn't McDonalds sell onion rings? |
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themysterious | What's employee turnover? Give an example or two. How could a company prevent that? |
I'm taking a business class and i don't quite understand the term. Thanks for the information. |
 |
 
JEDI MASTER YODA
|
Employee Turnover = Means that you hire people, and then they quit working for some reason such as the work environment, pay, benefits, work conditions, management issues.
Turnover hurts the bottom line of a business.
Why? Because you have to go through the process of recruting and the employment hiring cycle again. You need to train the team member, then get them on board with the new company so they can be productive in their functional area.
_____________________________
How can a company PREVENT turnover?
It's simple:
"Team Member Engagement"
This means treating your employees as a "Competitive Advantage" communicating with them about the benefits of being their team member. By engaging the employee the team member becomes MORE productive and loyal to the employer. Thus reducing TURNOVER and the need to recruit, and train new employees (Team Members) over and over again....
When you have ENGAGED team members you have ENGAGED customers.
Create ways to REWARD and RECOGNIZE team member achievements and performance to let them know you notice and care about them.
This equates to increased Sales, Profits, Revenue and a better customer experience and customer and team member loyalty.
It's a WIN-WIN scenario for everyone.
Here is a good book to read on this topic:
"GOOD TO GREAT!"
_______________________________
Hope this helps you! Have a great weeka ahead! :-) |
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eeb
|
What is employee turnover? Simply, it is an employee that no longer works for a company. Some may define it more specifically to indicate a particular reason for employee no longer working for the company, for instance moving to another company, however whatever the reason the loss of an experienced employee costs the company money in recruiting and training.
Ways academic text suggest to reduce turnover include: pay raises, year-end bonuses, health insurance, or other benefits that competitors would be hard pressed to compete with.
To completely prevent employee turnover is not possible. Differing philosophical beliefs, changes in attitudes and discovery previously unknown facts all lead to turn-over. |
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sexytrojan
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Employee turnover is when employees leave the company on their own.
This mainly can be prevented by paying employees better salaries and offering better benefits.
I used to work at a meat packing plant (as an engineer). They would hire hourly employees daily. The production work was hard, and the pay was minimum wage. Some employees would go on break and never come back. |
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Stacy R
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employee turnover is how many times you have to fill a position every year. it costs the company money because they have to train every new person.
A company could prevent it with better pay, advancement, benefits, offer something to keep people and prevent them from looking. |
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str8shuter_2000
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Ever notice how when you go to McDonald's and you keep seeing new faces there? That's Employee Turnover. Some quit. they need to be replaced so the company hires new people. To stop it all a company needs to do is treat their employees better. Better benefits. More pay. That kind of thing. |
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itsme
 |
It's simple, employee turnover is a term used to call employees who have been hired ,worked for awhile, then left the job. then more are hired and so on. |
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manufacturingsystems1.com
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Employee turnover is usually calculated in percentage of employees that have come and gone through hiring, firing, quitting etc.
It can be very costly for a company with high turnover. When an employee leaves, you have lost an investment. The training that has been put into this employee is gone.
Turnover can be controlled by implementing a method that tracks the percentage so a company can work on improving it.
It can be improved by having a system in place that allows for the employee to function as part of that system and removes variation that allows for employees to fail. This creates higher moral, pride in work, and higer profit which will turn into higher wages or bonuses (in a company that takes a systems approach).
Training is a big part of any systems or procedural approach and must be invested by a company.
Creating a team atmosphere is part of the systems approach, and relys on communication and once again training.
Remove barriers that keep employees from succeeding in their jobs, and create a learning organization. Institute leadership. People need leadership, not managed. The systems is managed. |
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CRA
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Employee turnover is how often employees leave the job and have to be replaced.
Restaurants seem to have a high turnover in this area.
Companies can try to lesson this by providing clear job descriptions, doing a better job in the selection process, have sufficient and clear training for the new employees, create a good working environment with decent pay and benefits.
There are times though, that a company has done all those things and there is still high turnover. That could be because of the type of work or the type of person that particular job attracts. |
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