Employee turnover is the measurement of the number of employees who quit working for an organization during a specified  period of time. While an organization usually measures the total number of employees who leave, turnover can also apply to subcategories within an organization like individual departments or demographic groups. Employee turnover  affects an organization negatively  by increasing hiring costs, consuming recruiters’ time, and discouraging other employees. The company’s  losses due to employee turnover are huge. According to SHRM, the average cost of a resigned employee is about one-third of their annual earnings.  Additional expenses account for soft costs (67%), such as reduced productivity, interview time, lost knowledge, and hard costs (33%), including recruiting, background checks, and temporary employees. Causes of employees turnover are as explained as follows; poor hiring techniques, a wrong hire gets seriously expensive, and besides increasing the employee turnover rate, it may cost the company from $240K to $850K per employee. The recruiting error can lead to tainting and damaging of a company’s reputation. Behind the poor hiring decisions, there are typically impulsive hires, overlooking the red flagsand desire to close the opening asap this may happen especially if the hiring managers and recruiters do not have enough information and critical requirements of the of person to fill the position. Causes of employee turnover

 

Causes of employee turnover
Causes of employee turnover

Another cause for employee turnover is lack of professional development, employees naturally look for career growth this means not solely financial growth but mostly professional development. Hence, if the employees’ career development vectors are over looked they will most likely leave the company. Causes of employee turnover

Toxic working environment is another major reason that can literally cause employee turnover. When people feel constantly stressed out, ignored, or experience bullying at work, there is a higher chance that they will lose motivation to work in that company thus they will end up leaving. Additionally employee turnover can be caused by employee burnout, especially for some employees are working remotely and literally “live at work”. Employees getting overloaded with work, feeling stressed and burned out, maybe  pushed to quit and look for other workplace offering them better work-life balance. APA

 

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