LABOUR TURNOVER- LABOUR TURNOVER- part Ipart I

Meaning Meaning

MONIKA KANSAL,MONIKA KANSAL,Kamla lohtia S.D.College, Ludhiana,PunjabKamla lohtia S.D.College, Ludhiana,Punjab

• Second Major Element of Cost• Most difficult to control (Not being inanimate like material)• Most perishable • Once lost cannot be recouped, so leads to increase in labour cost

Definition of Labour / Employee Definition of Labour / Employee turnoverturnover

• Number of employees leaving over a period of time as a percentage of average number of employees employed during that period of time.

What is attrition rateThe action or process of gradually wearing down through sustained attack or pressure.(Concise Oxford Dictionary)

The reduction in numbers usually as result of resignation ,Retirement or death.

Why labour turnoverWhy labour turnover• Personal reasons (family

responsibilities ,old age, accidents, Death, dislike for the job, moving to better place, roving nature )

Disliking for the jobDisliking for the job

For avoidable and unavoidable causes

See labour turnover Part II on the same site

http://www.slideshare.net/monikakansal/labour-turnover-remedies