Trends and Challenges
Employee turnover has become a critical problem for some organizations, companies often for energize abtaboo the superior costs of non creation able to retain their employees. Aside from the high costs, legion(predicate) different factors come into effect when an organization has a high turnover ratio. Many employers often forget to factor in the cost of employees commence productivity prior to them separating from the friendship. In addition, employees who are separating from the company can also be a misdirection to the other employees, which will ultimately slow down productivity as a whole,
There are many advantages of companies being able to manage their turnover ratios; companies save money by not having to train as many new hires, employees who countenance been at the company longer know how to do their specialised jobs with minimal supervision, normally employees who have worked together longer get down a working relationship which can boost company morale. In addition, customers might also feel more than at ease when they deal with a familiar face when buying products or services, and one of the biggest advantages with managing turnover is having the ability to bring in new faces with fresh ideas, which can help make companies more productive.
Companies always have to be aware of safety and wellness management issues in the workplace; they are responsible for providing a safe work environment for all of their employees. Addressing safety and wellness issues in the workplace can save the employer money and adds treasure to the business. Recent estimates place the business costs associated with occupational injuries at close to $170 billion and these expenditures come straight out of company profits. (all Business, 1995)
When employees stay healthy, the direct cost-savings to a business allow lower workers compensation insurance costs, reduced medical expenditures, lower costs for job accommodations for injured workers, and less money...If you want to get a full essay, order it on our website: Ordercustompaper.com
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