labour turnover Part I

Slide 1: LABOUR TURNOVER- part I Meaning MONIKA KANSAL, Kamla lohtia S.D.College, Ludhiana,Punjab

Slide 2: • 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

Slide 3: Definition of Labour / Employee turnover • Number of employees leaving over a period of time as a percentage of average number of employees employed during that period of time.

Slide 4: What is attrition rate The 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.

Slide 5: Why labour turnover • Personal reasons (family responsibilities ,old age, accidents, Death, dislike for the job, moving to better place, roving nature )

Slide 6: Disliking for the job

Slide 8: For avoidable and unavoidable causes See labour turnover Part II on the same site http://www.slideshare.net/monikakansal/labo ur-turnover-remedies