Describe ways in which turnover in an organization can be bad, and ways in which it can be good.

Expert Solution

Employee turnover in organizations is usually considered as a negative thing that impacts the productivity of the firm. But this process, just like any other instance, has got both advantages and disadvantages. Both bad and good impacts of employee turnover are as follows:

Disadvantages of employee turnover:

The overall performance and the productivity of the organization can be affected by employee attrition. The risk is increased when the employee leaves the organization suddenly.
More time is required for providing training to the new employees, which is a time consuming and costly task.
Task management sometimes becomes negative with the reduced number of staff. This can make it difficult for the current team to manage things efficiently.
Excess cost is incurred under the name of attrition cost and recruitment cost, which is apart from the regular recruitment process.
When employees who have stayed for a longer period and are one among the best performers in the organization leaves, the firm experiences a lack of knowledgeable employees.
An organization with higher attrition rates is supposed to gain a bad brand reputation in the industry. It will be assumed as a firm with a not so good environment to work.

Advantages of employee turnover:

The employee who stays in for the longest can be considered as employees with a sense of belongingness and commitment. Hence such employees can be identified and rewarded nominally for their loyalty.
It is better that those employees who might bring in a negative impact on the company and those who are against the work culture leave the organization. This helps the organization to stick on to its values and culture, which is an advantage of employee turnover.
When there isn’t enough number of employees to attend to a task, the chances of thinking about new and innovative ideas are more. This can open the gates to a breakthrough change in the organization and implementation of new technologies.’

If you liked this answer, please give an UPVOTE. That will be quite encouraging for me. Thank you and all the best with your studies.

keosha answered 2 years ago

essay on Explain the ways in which propaganda can be good or bad. If propaganda has...

essay on Explain the ways in which propaganda can be good or bad. If propaganda has a social goal most people embrace, does that make the propaganda acceptable? Does it make its techniques acceptable and ethical?

Tell what ways you can have a bad and good credit score.

Describe two ways in which psychological factors can contribute to depression. Describe two ways in which...

Describe two ways in which psychological factors can contribute to depression. Describe two ways in which biological influences can lead to depression. describe three different treatment options for depression. Name the characteristics of each of the three types of bipolar disorder. What is a key treatment for bipolar disorder?

Fiscal policy is a good thing for the economy? In what ways may it be bad...

Fiscal policy is a good thing for the economy? In what ways may it be bad and/or good for the economy? If you could choose between Keynesian Fiscal Policy or letting the economy self-correct what would you choose? Why?

Inflation is both good and bad for us. Identify two ways/causes/reasons that inflation can benefit you...

Inflation is both good and bad for us. Identify two ways/causes/reasons that inflation can benefit you personally. And, identify two reasons/causes/ways that inflation harms you personally. Try to think outside the box on this one.

We can make good decisions with good information and we can make bad decisions with good...

We can make good decisions with good information and we can make bad decisions with good information. How would you apply the advice given in Job 28: 27-28 NIV to the information generated in accounting, 27 "then he looked at wisdom and appraised it; he confirmed it and tested it. 28 And he said to man, 'The fear of the Lord - that is wisdom, and to shun evil is understanding.'"

describe atleast 4 ways organization can work to boost the retention of employees?

Describe two ways that performance measurement activities can be an asset to an organization that provides...

Describe two ways that performance measurement activities can be an asset to an organization that provides financial support to public health agencies.

In what ways is the trade between countries increasing? Is trade good or bad for U.S.?...

In what ways is the trade between countries increasing? Is trade good or bad for U.S.? What is the alternative to trade? What kind of lifestyle will the US have if the alternative is adopted? Is it a viable alternative to trade? Be specific.

Obviously, it is important to know which suppliers are good and which are bad. There are...

Obviously, it is important to know which suppliers are good and which are bad. There are many ways companies attempt to develop & maintain this knowledge. Some ways are easy to develop and use, others are hard. 1) Give an example of at least 3 different ways you could attempt to measure whether a vendor is good or bad. 2) Under what circumstances would you prefer each approach?

Question