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Monday, July 24, 2006

Employee Retention: What Employee Turnover Really Costs Your Company

7 Comments

Hogwash

Hogwash

this's a great source for my

this's a great source for my HRM quiz, thank you!

Good information, but simply

Good information, but simply saying "One source says..." is not adequate documentation.

I can only hope that these

I can only hope that these research results will put some sense in some managers heads. I don't find it surprising to see that employee turnover can generate high costs to a company, more exactly, bad human resources management generates these high costs.
Karoll, Employee Program manager

ranking employees is one of

ranking employees is one of the most detrimental management practices in existence, along with rating and forcing a distribution.

Retention also needs to be

Retention also needs to be communicated properly such as guidelines and procedure in order to prevent possible issues that this is being given only to selected employees who are perceived to the 'boss' favorite.  Coupled with a fair cut deliberate mode of communication is that the company should also assess its existing performance assessment tool as well as on how robust the process of deploying individual goals such as KRA or CSF on a timely manner.

employee retention

looking for calculations for employee retention

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