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Essay

What Is the Real Cost Of Employee Turnover

Essay specific features

 

Issue:

Business

 

Written by:

Justin M

 

Date added:

May 6, 2012

 

Level:

University

 

Grade:

B

 

No of pages / words:

4 / 967

 

Was viewed:

9768 times

 

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Essay content:

(Bliss) "Employee turnover is a critical cost driver for American business. The cost of recruiting and filling vacancies, lost productivity from vacant jobs, and the costs of training new employees increase operating costs, reduce output, and cut into profits." (Orville 5-7) Estimates of the costs of employee turnover vary widely and depend on whether all cost elements are recognized...
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The three primary elements of turnover cost include: ? Staffing ? sometimes called cost-per-hire include the costs of exit interviews, recruiting, job applications, screening applicants, relocation expenses and signing bonuses. ? Vacancy ? While a position is vacant, the productivity of the former employee is lost and the productivity of the overall organization is reduced, as remaining workers have to cope with being short-handed...
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General issues of this essay:
Cost Of Employee Turnover Employee Law Employee Recgognition Employee Resourcing Process: A Positive Part Of Strategic Human Resources Management Employee Retention Employee Turnover Employee Turnover Employee employee turnover Job Satisfaction And Employee Turnover Managing Employee Retention and Turnover SAMPLE TERMS AND CONDITIONS FOR EMPLOYEE TRANSITIONS The Outrageous Business Cost Of Employee Turnover What Is the Real Cost Of Employee Turnover employee privacy act
 

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