What is Employee Turnover?

Employee turnover is the tendency of an employee to leave an organisation, employee turnover is the opposite of employee retention. Some of the reasons for employee turnover are,

1. Poor Work-Life Balance: Poor work-life balance means that working hours are too long, causing the employee to devote too much time to work and have too few holidays. Due to this, personal life gets disturbed, and the employee leaves the organisation and goes to an organisation where work-life balance is ensured.

2. Personal Reasons: Sometimes, an employee’s decision to leave a job is due to personal reasons, such as their family relocating to a new city. Since the entire family is shifting, this forces the employee to leave the job.

3. Incompatibility with the Job: Dissatisfaction arises from the inconsistency between an employee’s skills, knowledge, and experience with the demands of the job, that the employee is not given relevant work, this inconsistency causes people to leave the job and join a company that promotes employee development.

4. Lack of Growth: Lack of growth means that the structure of the company is such that the employees they hire remain in the same position for a long time, do not get promotions, and have no growth within the organisation.

5. Poor Employee-Employer Relationship: A major cause of employee turnover, poor relationships, whether within management or between management and employees, contribute significantly to turnover. When employees feel undervalued and their feedback is not acknowledged, they seek a more supportive work environment.

Employee Retention: Meaning, Objectives and Strategies

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What is Employee Retention?

Employee Retention is defined as the ability of an organisation to keep its employees with itself and reduce turnover. This involves creating an environment and implementing strategies that encourage employees to stay with the company for a longer duration. This is achieved by creating a positive work culture, providing development opportunities, and competitive advantages, and recognising and rewarding employees for their contributions. High employee retention is a sign of a healthy workplace where employees are engaged, satisfied, and committed to the organisation’s goals....

What is Employee Turnover?

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Objectives of Employee Retention

Employee Retention is very important for the organisation, as the organisation hires skilled and talented people. It is a difficult task to pull off as the recruitment process takes a lot of time and also involves costs. But it is not favourable for the organisation if those employees leave the organisation, so here are the benefits of employee retention:...

Employee Retention Strategies

Here are 10 employee retention strategies that organisations can implement to reduce turnover and keep their employees engaged and motivated:...