Discussion: Turnover Calculations
This week, you examined the types of employee turnover and the various HR metrics available to assist in reducing the expense of turnover for organizations. Many organizations express concern about turnover because of the high costs of hiring and training new employees. Although not all turnover is negative, organizations can benefit from being able to measure and quantify it.
For your Discussion this week, consider the data below the table titled “Model for Costing Lost Productivity” found in Chapter 5 (p. 184) of the Mathis, Jackson, and Valentine course text.
With these thoughts in mind:
By Day 3
Post a substantive response of at least 150 words, which includes a brief interpretation of the data presented, your reaction to the data, and the reason for your reaction. Explain a possible reason for the turnover costs and the possible implications of the data for human resource professionals and organizations. Provide at least one potential solution for reducing turnover rate that could enable an organization to promote positive social change. Explain how your solution would promote positive social change.
Read a selection of your colleagues’ postings.
By Day 6
Respond to two or more of your colleagues’ postings in one or more of the following ways:
- Ask a probing question.
- Share an insight from having read your colleague’s posting.
- Offer and support an opinion.
- Make a suggestion.
- Expand on your colleague’s posting.
Return to this Discussion in a few days to read the responses to your initial posting. Note what you learned and the insights you gained as a result of the comments your colleagues made.