Define Employee
Turnover
In contemporary business context, retain employees
is a big challenge for any organization. As per Hom & Griffeth, 1994 a voluntary termination
of an employee is recognized as employee turnover (Chaitra & Murthy, 2015).
Further, employee turnover means the number of employees who leave the
organization prior to end of their contract period with the organization (Loquercio et al., 2006)
Types of Employee Turnover
There are different types of employee turnover and (Rajan, 2013) have classified employee turnover into five categories as follows
-
Voluntary and involuntary employee turnover
-
Functional and dysfunctional employee turnover
-
Avoidable and unavoidable employee turnover
-
Internal and external employee turnover
-
Skilled and unskilled employee turnover
Factors Affecting On Employee Turnover Intention
Different factors are affecting on employee turnover intention. Researchers found that the level of job satisfaction, salary level, coworker relationship, organizational commitment, lack of career progression, promotional system, rewarding system and work environment have direct and indirect influence on employee turnover intention.
Pros
and Cons of the Employee Turnover
Employee turnover generate costs as well as benefits as
follows,
(Ongori,
2007; Akinyomi, 2016; Iqbal, 2010)
References
Akinyomi, O.J., 2016. Labour Turnover : Causes,
Consequences and Prevention. Fountain University Journal of Management and
Social Sciences, 5(1), pp.105-12.
Chaitra, M.P. &
Murthy, T.P.R., 2015. A Study on Employee Turnover (With special reference to
Go Go International Pvt Limited, Hassan, Karnataka, India). International
Journal of Research in Management, 2(5).
Commercial Bank ,
2015, 2016, 2017. Annual Repor. Commercial Bank.
Iqbal, A., 2010.
Employee Turnover : Causeed, Consequences and Retention Strategies in the
Saudi Organization. The Business Review, Cambridge, 16(2).
Islam, M. &
Rahman, T., 2016. Relationship between Job Satisfaction, Organizational
Commitment and Turnover Intention among Bank Employees: A Study on Selected
Banks of Bangladesh. Scholar Journal of Business and Social Science,
2(1), pp.7-18.
Lee, C.-C., Huang,
S.-H. & Zhao, C.-Y., n.d. A Study on Factors Affecting Turnover Intention
of Hotel Employees. Asian Economic and Financial Review, 2(7),
pp.866-75.
Loquercio, D.,
Hammersley, M. & Emmens, B., 2006. Understanding and Adressing Staff
Turnover in Humanitarian Agencies. Humanitarian Practice Network (HPN) at
ODI.
Ongori, H., 2007. A
review of the literature on employee turnover. African Journal of Business
Management, pp.49-54.
Rajan, D., 2013.
Impact of Nurses Turnover on Organization Performance. Afro Asian Journal
of Social Sciences, 4(4).
