Labour Turnover

• Labour Turnover- Measures the rate of change of a firms workforce To calculate labour turnover it is number of staff leaving per year/ average number of staff x100
• Causes of Labour Turnover (External)- Developments in the industry, growth of competitor, move local vacancies
• Consequences of High labour Turnover (Negative)- Cost of replacement, time taken, loss of productivity
• Consequences of high labor turnover (positive)- New workers= new ideas, able to recruit better skilled employees, new perspectives
• Factors affecting labor turnover- Working conditions, lack of recognition by management, age, lack of communication, type of business, length of time working for the business
• Labour Mobility

  The movement of workers from one job or location to another either within the organization or between organisations
• causes of labour turnover (external)

  • Developments in the industry
  • Growth of a competitor
  • More local vacancies