Employee Turnover
Employee turnover is a subject that has received extensive attention from various researchers. Researches have been done with regard to the cost of turnover; the driving forces (antecedents, predictors, etc.) behind turnover; solutions to turnover problem; effects of turnover, etc. What interests me most is the research on the factors that drive turnover which answered the question why people leave the organizations they work for. This literature review is to find out why turnover has received so much attention; and the factors that drive turnover; 1. Why Turnover Has Received So Much Attention? In today's world, human resource becomes one of the most important resources an organization needs to succeed in its business, especially, in an era of information explosion and increasing instability, in which many knowledge-based industries would likely show a 30% to 40% rate of annual turnover. (Harkins, Philip J., 1998), [1]. Almost every organization in every industry faces the high turnover problem, which is persistent and expensive. Turnover has proved to be a drain on organizations' profit. What is turnover? According to Abbasi & Hollman (2,000), [2], "Turnover is the rotation of workers around the labour market; bet
Various studies have been done in this respect and proved that turnover is very expensive for organizations. Turnover expenses differ by different industries, companies, functions, etc. Harkins (1998), [1], argues that key employees are unlikely to leave just for money and it was supported by Oh (1996), [5]. They leave either because there are multiple advantages in a potential new job or because there are more dissatisfiers at their present job. Oh (1996), [5], suggests that the factors that cause high rate of turnover may include: diminished job satisfaction; a tense work environment; and better advancement opportunities elsewhere. 22. Camp, S. D., 1994, Assessing the Effects of Organizational Commitment and Job Satisfaction on Turnover: An Even Histor, Prison Journal, 74: p.279 - p.306.
Some common words found in the essay are:
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Approximate Word count = 3353
Approximate Pages = 13 (250 words per page double spaced)
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