Organizational Turnover

Synonyms

Hiring and firing; Staff renewal rate; Staff resignations; Staff turnover

Definition

Organizational Turnover refers to the process of employees leaving their job or organization of employment within the context of human resources.

Introduction

Attracting, developing, and maintaining an effective workforce remain a challenge for all organizations and appear to be a management goal that remains elusive, especially when organizational turnover is not properly managed. The fact is that employees leave their job or organization of employment voluntarily or involuntarily, resulting in the turnover issue. Employees may seek career advancement and promotion elsewhere, and competitors and the wider job market may offer many attractive job alternatives. Organizations may replace low performers and economic factors may require downsizing resulting in job losses and lay-offs. Generally, therefore, voluntary turnover is attributed to the decision of the employee to seek alternative...