Abstract
When people leave the firm that has been employing them the loss can be described as ‘labour turnover’. Some might imagine that this loss of staff represents a minor problem, but they would be wrong. One does not just bring in new workers to replace those who have left. It is because the problem is a serious and expensive one for the employer that an attempt is made to monitor the rate of turnover. A simple formula for calculating the rate is:
This is a preview of subscription content, log in via an institution to check access.
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1984 Joseph Chilver
About this chapter
Cite this chapter
Chilver, J. (1984). Labour Turnover. In: Introducing Business Studies. Palgrave, London. https://doi.org/10.1007/978-1-349-07362-7_9
Download citation
DOI: https://doi.org/10.1007/978-1-349-07362-7_9
Publisher Name: Palgrave, London
Print ISBN: 978-1-349-07364-1
Online ISBN: 978-1-349-07362-7
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)