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The turnover regards to the human resource meanns from an organisation how many got in and how many got out from the organization in ayear
If the number of employee is more who left the organization than who joined the organization is not at all good for the organization regards to the increase in cost which effect the profitablity of the organization
So the organization has to hire the employees who have the quality of productivity and who can work for a longer period of time with the organization
The organization has to hire the people who have the caliber to handle the whole team and who can motivate his team to work as the group to accomplish their group goals and objectives with in a pre determined time period
The organization has to hire the employees who can adjust into the organization work envoirnment and perform for his organization and also for himself which will yield him and the organization in which he work some benefits for him loke salary hike, promotion additional monetary and non monetary benefit and also for the oprganization goowill, prestige , increase in market share
Considering a Turnover as a change on the performance of an organization
Everythiing depends on the Strategy to follow most likely a 6 Sigma approach can be suitable following the DMAIC strategy
The turnover can be decomposed either by nature of activity (sales of goods and sales of products manufactured) or by geographical sectors (domestic sales and exports) or by types of products (merchandise A, merchandiseB, etc...or product A, product B, etc ...) or by type of customers (retailers, wholesalers, supermarkets ...).
Turnover means replacement in the year or specific period and may categorized into following.
Inventory turnover-How many times inventory repalced in the period.
Asset turnover-How may times sales replace the asset.
Debtor turnover and creditor turnover etc.
