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I think yes not always
Mostly, Yes. Losing talented and skilled employees will always badly affect the organization. Having a high turnover may be harmful to a company's productivity if skilled workers are often leaving and the company's workforce population contains a high percentage of novice workers. The only positive side that it may contain is the opportunity of hiring a much more skilled worker than the one who left, but it is a risk and it will then have an impact with the cost of investment that the company will provide to new employees, which is going to be greater than the cost of training and developing tenured people. So it is always the HR's goal to retain highly skilled employees to become much more effective in business growth.
Turnover is good, but a high turnover may not always be good especially if the skills required to perform the job are scarce. However, if you are in an industry which often requires you to hire many part-timers at a time, that can be considered a healthy high-turnover.
It is not bad up to certain limit...new blood is healthy for the organizations too.
Retaining talent are surely good sign for HR and losing it leads HR efforts for acquiring them, goes in vain. It is also a fact that sometimes situation arises where there is no option except to lay off. If HR wants to bear the minimum of its consequences, it must have a rigorous performance appraisal system, and HR policies. If the turnover is because of the organizational compulsions, then there are techniques like cost and benefits summary, which can help you what to do.
Turn over is a reality in todays world - where each enterprise will seek to get better talent through their doors to improve - case in point if you are a football fan is Real Madrid - they got in James Hames the goldenboot winner in the just concluded FIFA worldcup14 - who went out talent like Angel Di Maria & every year they get in new exceptional talent like Bale, Kroos , Christiano etc therfore they get rid of players also
To my mind turn over is to be seen in the context of the following buckets - loss to the company - where by a critical talent leaves the company & its replacement is hard to find & will take time to come to his level eg in Real Madrid Ronaldo - thats a real loss
the second bucket is neutral - the company can get others who are in the same range of performance level & the demand & supply side is balanced example from Real Madrid - Alonso leaves in comes Kroos so effectvely balance
the third bucket is win to the company - an individual who is not performing & is on a steady decline - not contributing - supply side is ample easily replaceable therfore the comapny gains example from the English Premier league - Chelsea let go of Fernando Torres
When you analyse the three buckets as explained above you will be able to understand are you on the win side or loss side- the attrition happening for the Company is to the advantage of the Comapny or counter productive
Regards
Arindam Gupta
Definetly yes. HR needs to replace the losing and it is not easy to find the proper one, it needs more time to find and perhaps HR need to train the new one because of not finding the expected talent like previous one.
not that much
Yes for sure
.HR at mostly needs to replace the losing the talented and skilled employees and that,s what cost the organization alot in the process of ( training & preparing) the new employees.
I am requesting all of you to answer this question.
Of course labor turnover is bad for the management of human resources so as to lack of control of the management of human resources for the cause of leaving employment to work and address the imbalance among administrations and the work report periodically to see the type of defect and the number of staff who left the company during certain periods
Labor turnover bad for any company and it shows that the company has no stability and functional and gives the impression to the new employee no desire to join this company
and the role of human resources reduce labor turnover whose duty to control labor turnover and know the weaknesses and imbalances in this to reduce leakage career
