human resource managment

TOPIC :- EMPLOYEE TURNOVER

-Presented by:- Paripoorna.P.CRoll.no:-41

CONTENTS Meaning Types Consequence of employees Reason why Employees leave an organization Effects on organization if employee leave Job Employee Retention Importance of Employee Retention Key areas of employee retention KMF Conclusions

“Employee Turnover is the movement of the members across the boundary of an organization is known as Employee turnover”.

-How many people are leaving each year = Turnover=Number of staff leaving per year X

100/ Average no of staff

TYPES OF TURNOVER Functional V/s Dysfunctional turnover Avoidable V/s Unavoidable turnover Voluntary V/s NonVoluntary turnover

Innovatory Turnover:-Turnover initialed by the organization (often

among people who would prefer to stay)

Voluntary Turnover:- Turnover initialed by employees

CONSEQUENCE OF EMPLOYEES

Negative Positive

NEGATIVE CONSEQUENCE:- Recruitment and selection cost Training and development cost Operation Disruption

POSITIVE CONSEQUENCE:- Increased performance Reduction of entrenched conflict Increased mobility and morale Innovation and adaptation

REASON WHY EMPLOYEES LEAVE AN ORGANIZATION :-

Monetary factor Lack of good working condition No flexible work schedule Lack of respect Organization is more concern towards business Lack of challenges in job Mismatch between Job and person Stress from over work and life balance

EFFECTS ON ORGANIZATION IF EMPLOYEE LEAVE JOB

Loss of productivity Replacing qualified employees Poor retention of employees may not get proper

turnover Reduce good will of company

EMPLOYEE RETENTION “Employee retention is a process in which the

employees are encouraged to remain in organization for maximum period of time or until the completion of the projects employees are retained in organization”.

IMPORTANCE OF EMPLOYEE RETENTION The cost of turnover Reduce loss of company Turnover leads more turnover Good will of company

KEY AREAS OF EMPLOYEE RETENTION Compensation Environment Growth Relationship Support

EMPLOYEE TURNOVER IN KMF Employee Turnover in K.M.F is 17%-18% in

single year Maximum Turnover is at the Level of FSR which

is 11%-12% Turnover at executive level is less then 1% Turnover in staff is negligible

REASON BEHIND EMPLOYEE TURNOVER Salary FSR level needs fresher Graduates join and gain

brand name and to get good will Reduce employees stress form over work and

life balance of employees Place the employee in right positions

CONCLUSIONS

Employee Turnover which leads change

of organization structure by adopting

fresh candidate

promoting,incentives,bounous , providing

these beneficial programs to maintain

good relation