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    Labour Turnover-Meaning: Monika Kansal, Kamla Lohtia S.D.College, Ludhiana, Punjab

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    Labor turnover refers to the percentage of employees that leave an organization over a period of time. It is difficult for companies to control since employees are not inanimate like materials. Once employees are lost, their cost cannot be recouped, leading to increased labor expenses. The attrition rate measures the reduction in employee numbers usually due to resignation, retirement, or death. Common reasons for employee turnover include personal factors like family responsibilities, retirement, accidents, as well as disliking their job.

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    Labour Turnover-Meaning: Monika Kansal, Kamla Lohtia S.D.College, Ludhiana, Punjab

    Uploaded by

    singhsingh
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    Labor turnover refers to the percentage of employees that leave an organization over a period of time. It is difficult for companies to control since employees are not inanimate like materials. Once employees are lost, their cost cannot be recouped, leading to increased labor expenses. The attrition rate measures the reduction in employee numbers usually due to resignation, retirement, or death. Common reasons for employee turnover include personal factors like family responsibilities, retirement, accidents, as well as disliking their job.

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    Labor turnover refers to the percentage of employees that leave an organization over a period of time. It is difficult for companies to control since employees are not inanimate like materials. Once employees are lost, their cost cannot be recouped, leading to increased labor expenses. The attrition rate measures the reduction in employee numbers usually due to resignation, retirement, or death. Common reasons for employee turnover include personal factors like family responsibilities, retirement, accidents, as well as disliking their job.

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    23 views8 pages

    Labour Turnover-Meaning: Monika Kansal, Kamla Lohtia S.D.College, Ludhiana, Punjab

    Uploaded by

    singhsingh
    Labor turnover refers to the percentage of employees that leave an organization over a period of time. It is difficult for companies to control since employees are not inanimate like materials. Once employees are lost, their cost cannot be recouped, leading to increased labor expenses. The attrition rate measures the reduction in employee numbers usually due to resignation, retirement, or death. Common reasons for employee turnover include personal factors like family responsibilities, retirement, accidents, as well as disliking their job.

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    LABOUR TURNOVERpart I Meaning

    MONIKA KANSAL, Kamla lohtia S.D.College, Ludhiana,Punjab

    Second Major Element of Cost Most difficult to control (Not being inanimate like material) Most perishable Once lost cannot be recouped, so leads to increase in labour cost

    Definition of Labour / Employee turnover


    Number of employees leaving over a period of time as a percentage of average number of employees employed during that period of time.

    What is attrition rate


    The action or process of gradually wearing down through sustained attack or pressure. (Concise Oxford Dictionary) The reduction in numbers usually as result of resignation , Retirement or death.

    Why labour turnover


    Personal reasons (family responsibilities ,old age, accidents, Death, dislike for the job, moving to better place, roving nature )

    Disliking for the job

    For avoidable and unavoidable causes See labour turnover Part II on the same site http://www.slideshare.net/monikakansal/labo ur-turnover-remedies

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