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Dealing with the problem of employee turnover
Author(s) -
Laser Stephen A.
Publication year - 1980
Publication title -
human resource management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.888
H-Index - 94
eISSN - 1099-050X
pISSN - 0090-4848
DOI - 10.1002/hrm.3930190404
Subject(s) - variety (cybernetics) , citation , public relations , human resources , management , selection (genetic algorithm) , human resource management , psychology , sociology , library science , business , political science , computer science , economics , artificial intelligence
Employee turnover is expensive, costing American industry billions of dollars every year. It strikes operations of all sizes and is not any less devastating in the public sector than it is in the private sector. These financial costs can be classified as both direct (additional fees for recruitment, steeper assessments for unemployment taxes, and the rising expenses of payroll administration for people who are rapidly moving in and out of the organization) and indirect (the marked deerease in productivity as replacements require training time to reach adequate levels of job performance).