High Turnover

Essay specific features

 

Issue:

Business

 

Written by:

Michael T

 

Date added:

December 20, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 563

 

Was viewed:

1365 times

 

Rating of current essay:

 
Essay content:

It is estimated that recruiting an hourly-paid worker can cost anything from $2,000-$10,000, with managers costing even more to recruit. These costs shouldn't be underestimated, and illustrate that sometimes spending money on retaining existing employees can often cost a lot less than having to re-recruit them...
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If your existing employees are always worried about job security, having to train new staff, or thinking about leaving themselves, then they will not be doing such a good job for you. Although it's a cliche, it's true – a happy employee is a productive employee! The opposite is definitely also true, and the loss of skills and lowered morale caused by a high turnover of staff can lead to a lowering of quality standards and efficiency in an organization...
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