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The turnover of key employees can have a disproportionate impact on the business and the people organizations wish to re

Posted: Sun Jul 03, 2022 5:23 pm
by answerhappygod
The turnover of key employees can havea disproportionate impact on the business and the peopleorganizations wish to retain are probably the ones most likely toleave. Reed (2001) claims that: Every worker is five minutes awayfrom handing in his or her notice, and 150 working hours away fromwalking out of the door to a better offer. There is no such thingas a ‘job for life’ and today’s workers have few qualms aboutleaving employers for greener pastures… The average permanent jobin the UK lasts six years.
Concerted action is required to retaintalented people, but there are limits to what any organization cando. It is also necessary to encourage the greatest contributionfrom existing talent and to value them accordingly.
Critically outline the factors thataids the retention and motivation of high performers in anorganization with necessary example and an application from theindustry of your choice?
Q: Review on the turnover issues generally andthe hindrance of turnover to the organizations supported withdata/statistics.