Human Resources Turnover Essay Example | Topics and Well Written Essays - 1000 words

Human Resources Turnover - Essay Example Employee turnover can be good or bad its good when voluntary and involuntary terminations involve non-performers whose resignation will be in the interest of the organization. It is bad when a good performer leaves the organization for some reason to begin the search for replacement. Searching of talented employees and training them for the job is very expensive for an organization. It is called turnover cost in this case employee turn over is bad for their smooth working. â€Å"The average cost of labor turnover in 2002 for the UK is  £4,301 per leaver. The costs of turnover are highest for managers ( £6,807), followed by professionals ( £5,864). For Ireland, the average cost of staff turnover is  £4,927.† Experienced and skilled employees can get a good job easily. But a loss of this type of employees is bad for an organization It is obvious that a talented and experienced employee, it not compensated well in terms of salary and career growth, will quit him position and seek another job. Therefore turn over is inevitable. In the case of voluntary turnover, it is manageable. â€Å"Retention of skilled employees is expensive getting the right people in every position will increase retention expenditure.† When labor turnover becomes good for an organization when a bad performer is sacked from the organization’s view in competitive work environment a low-level performer is a liability and he needs expensive training. It involves lots of overheads to the organization. HR turnover becomes a costly affair for companies in terms of the expenditure and recruitment, training etc.