2. Meaning
Types
Consequence of employees
Reason why Employees leave an organization
Effects on organization if employee leave Job
Employee Retention
Importance of Employee Retention
Key areas of employee retention
KMF
Conclusions
3. “Employee Turnover is the movement of the members
across the boundary of an organization is known as
Employee turnover”.
-How many people are leaving each year
= Turnover=Number of staff leaving per year X 100/
Average no of staff
8. Recruitment and selection cost
Training and development cost
Operation Disruption
9. Increased performance
Reduction of entrenched conflict
Increased mobility and morale
Innovation and adaptation
10. Monetary factor
Lack of good working condition
No flexible work schedule
Lack of respect
Organization is more concern towards business
Lack of challenges in job
Mismatch between Job and person
Stress from over work and life balance
11. Loss of productivity
Replacing qualified employees
Poor retention of employees may not get proper
turnover
Reduce good will of company
12. “Employee retention is a process in which the
employees are encouraged to remain in organization
for maximum period of time or until the completion
of the projects employees are retained in
organization”.
13. The cost of turnover
Reduce loss of company
Turnover leads more turnover
Good will of company
19. Employee Turnover in K.M.F is 17%-18% in single year
Maximum Turnover is at the Level of FSR which is 11%-
12%
Turnover at executive level is less then 1%
Turnover in staff is negligible
20. Salary
FSR level needs fresher Graduates join and gain
brand name and to get good will
Reduce employees stress form over work and life
balance of employees
Place the employee in right positions