Question

Exercise 2: According to Forbes, a majority of Fortune 500 companies like Amazon, Google, and Apple suffer from high turnover rates, meaning their average employee tenure is low. In your opinion, is this a healthy trend? Why or why not? What are the implications of a low average employee tenure?

Answer 1

The high turnover rates in Fortune 500 organizations is certifiably not a solid pattern as it builds the expense and effects the general brand validity.

• Here are the ramifications of a low normal representative residency:

REASON

• the general expense of the association as it needs to manage turnover and enrollment costs. It takes a great deal of assets and cost to enroll, select and train a worker.
• The normal representative residency prompts a hole between human asset required v/s accessible prompting efficiency drops and disappointments.

IMPLECATIONS

• The normal representative residency likewise impacts the weight and work pressure for other existing workers. Until the limit isn't filled and they are not satisfactorily prepared it impacts the every day work.
• It builds the feeling of anxiety busy working and high potential and performing representatives go under enormous task/work pressure.
• Another significant ramifications is that it removes the association center and time from significant systems and advertising plan usage.
• The development zones get influenced and directors alongside pioneers get drew in with finding a substitution of individuals.

CONCLUSION

In the 21st century, workers need to have any kind of effect and enhance the organization. Such patterns in Fortune 500 organizations is a disturbing pattern as it can at last lead to disappointment of the association. It impacts the general work situation and different ventures too.