04-05-2013, 12:56 PM
Labour Turnover
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Definition of Labour Turnover
The ratio of the number of employees that leave a company through dismissal, or resignation during a period to the number of employees on payroll during the same period.
CAUSES OF LABOUR TURNOVER
Reduced quality of work because of discontinuance of business, changed Industrial process, seasonal fluctuations in relation to volume of business and Industrial depression etc. were some of the reasons for occurrence of labour turnover.
The nature of work, low wages, poor working conditions, less opportunities for advancement & soon also create the problems of labour turnover.
Bad relations of workers with the management also cause labour turnover. When the management is not satisfied with the performance of the employee, it takes disciplinary actions against them.
MEASURES TO CONTROL LABOUR
Analysis of the employee’s records &identification of dissatisfied categories of employees by the manager is necessary to reduce labour turnover.
Identification of the factors or sources influencing turnover & exit interviews also help the management to reduce the labour turnover.
Separation of controllable factors from uncontrollable will be logical to solve reduction of labour dues.
IMPACTS OF LABOUR TURNOVER
It causes instability in the working environment of an organization.
It can affect both the quality as well as the quantity of production.
The experienced workers replaced by the unskilled workers.