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Job turnover definition8/12/2023 Unsatisfactory performance appraisal is one of the reasons for employees leaving a company. The reward also includes a variety of benefits other than monetary gains. To ensure an employee’s satisfaction, an organization need to reward fairly for the work they have done by making sure rewards were for genuine contribution to the organization and consistent with reward policies. Job satisfaction includes the payroll and financial rewards, work environment, co-workers, supervision, scope of work, amount of work, career future, company identity, and physical working condition. One of the reason that caused a highly employee turnover is because of the low job satisfaction offered by an organization. It reveals their value judgment about their expectations and perceptions of the effort they put in and the outcomes that they receive. Job satisfaction is described as the positive attitude and emotion towards one’s job and work environment. Many factors play a role in the employee turnover rate of any company, and these can shoot from both the employer and the employees.Ĭauses of Employee Turnover 1. A huge concern to most companies, employee turnover is a costly expense especially in lower paying job roles, for which the employee turnover rate is higher. Most employers realize this and, indeed, large firms typically have entire departments devoted to the management of human resources in order to make the transition as easy as possible for both management and employee and to minimize the associated hiring and training costs.Įmployee turnover is a ratio comparison of the number of employees a company must replace in a given time period to the average number of total employees. Employee turnover is a part of normal business activity whereby employees come and go as their life situations change. Failure to overcome this issue can be resulted in high turnover of employees. In today’s highly dynamic commercial work, it is becoming a challenge for job-seekers to find jobs that best fit their personality, and for employers to hire the right people who can do the job and also integrate well into the company culture.
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