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<p>Turnovers are costly because you have to recruit and train new employees. According to "The Wall Street Journal," strategies for reducing turnover include hiring the right people from the start, setting competitive salaries and benefits, fostering a positive work environment, recognizing accomplishments and providing clear career paths. With that being said, what would a company with a49% turnover rate look like? What does that say? </p>
Higher than normal employee turnover could mean any of the following:
1. Leadership issues
2. Market conditions have improved, thereby better opportunities are available
3. Existing company is not doing well
4. Supervisory issues.
In this situation:
1. Review exit interview.
2. Talk with present and previous employee.
3. Assess the job market trend.
HR can be focal person to minimize the turnover according to exit interview and present employee interview, job market analysis, salary survey and provide report to the Managing Director or Country Director or chairman of the organization.
IF A EMPLOYEES OR COMPANIES TURNOVER RATE IS HIGHER THAN USUAL THEN THE COMPANIES HR ARE CORRUPT AND THEY HAVE HIRE WRONG PEOPLE FOR A SUM OF MONEY.
without real analysis any comment will be premature , but from very high perspective , this company either changing skin for new vision , or sinking .
In a highly competitive world, Salary offerings play a vital role.
Also, Manager has a big hand in retaining his employee. He has to play many roles to chart employee's aspirations, performance stats, growth opportunites and create a friendly working environment.
