कॉस्ट ऑफ लेबर टर्नओवर
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Answer:
b. Workers may be discharged due to continued or long absence.
c. Workers may be retrenched due to shortage of work.
3. Avoidable Causes:
(a) Low wages and allowances may induce workers to leave the factory and join other factories where higher wages and allowances are paid.
(b) Unsatisfactory working conditions e.g., bad environment, inadequate ventilation etc. leading to strained relations with the employer.
(c) Job dissatisfaction on account of wrong placement of workers may become a cause of leaving the organisation.
(d) Lack of accommodation, medical, transport and recreational facilities.
(e) Long hours of work.
(f) Lack of promotion opportunities.
(g) Unfair methods of promotion.
(h) Lack of security of employment.
(i) Lack of proper training facilities.
(J) Unsympathetic attitude of the management may force the workers to leave.
Effects of Labour Turnover:
There must be some labour turnover due to personal and unavoidable causes. It has been observed by employers that a normal labour turnover, which is between 3% and 5%, need not cause much anxiety. But a high labour turnover is always detrimental to the organisation. The effect of excessive labour turnover is low labour productivity and increased cost of production.
This is due to the following reasons:Tap on a clip to paste it in the text box.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.b. Workers may be discharged due to continued or long absence.
c. Workers may be retrenched due to shortage of work.
3. Avoidable Causes:
(a) Low wages and allowances may induce workers to leave the factory and join other factories where higher wages and allowances are paid.
(b) Unsatisfactory working conditions e.g., bad environment, inadequate ventilation etc. leading to strained relations with the employer.
(c) Job dissatisfaction on account of wrong placement of workers may become a cause of leaving the organisation.
(d) Lack of accommodation, medical, transport and recreational facilities.
(e) Long hours of work.
(f) Lack of promotion opportunities.
(g) Unfair methods of promotion.
(h) Lack of security of employment.
(i) Lack of proper training facilities.
(J) Unsympathetic attitude of the management may force the workers to leave.
Effects of Labour Turnover:
There must be some labour turnover due to personal and unavoidable causes. It has been observed by employers that a normal labour turnover, which is between 3% and 5%, need not cause much anxiety. But a high labour turnover is always detrimental to the organisation. The effect of excessive labour turnover is low labour productivity and increased cost of production.
This is due to the following reasons:Tap on a clip to paste it in the text box.