When your employees are constantly leaving, it is difficult to maintain the same level of output. Therefore, high employee turnover means having many inexperienced employees, which will eventually lead to lower employee productivity. A ripple effect often occurs as well.
High employee turnover can have a devastating effect on a company, especially if the lost employees are high performers.
This isn't just while the position is vacant. Higher Than Industry Standards It is important to recognize that some industries and some job types have higher turnover rates than others. Institutional Knowledge Employees with a long tenure in a company have what is known as institutional knowledge.
SHRM Foundation. References Aguenza, B. Many of us have heard similar arguments against training made by those who hold the purse strings in our organizations.
Virtual Asherage White Paper Investing in its people gives a positive impression to the employee that the organization is concerned about their careers and advancements. The result is an organization that is more productive, professional and wholly committed to its success.
If management is oblivious to the good work employees do, people will seek a place where their efforts are not taken for granted.
In the language teaching industry, teacher turnover remains one of the biggest and most common challenges facing language teaching organizations Hockley, ; Thorburn,