Staff turnover
- A process which results in a periodic change of the organization's personnel. It is done by care workers for retirement, death, layoffs, downsizing, voluntary resignation.
TK is directly dependent on the business cycle. It rises during the expansion of businesses, organizations, etc., as the increase of employment opportunities. Low TK is even a positive factor, as it leads to a workforce renewal. But TK high level indicates that certain circumstances do not meet the requirements of workers (low wages, poor working conditions, etc.). There are two ways to measure the turnover:
1) the index of losses - the number of deceased
employees for a certain period
time / average number of employees for
period -100;
2) the stability of the index - the number of
employees who have worked more than 1 year / number hired a year ago • 100.
loss index is inaccurate, rough indicator, since its application is not possible to obtain information about which employees leave the company. In turn, the stability index shows exactly which employees leave the enterprise -adoption recently or have worked at the company for a long time, and what is the average duration of employment period.
TK in various branches of industry varies. Organizations with a well-developed career structures have much lower levels of TK, than organizations that rely on the labor market to fill the resulting vacancies.
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