job turnover

Examples of job turnover in the following topics:

• How Job Satisfaction Influences Behavior

  • Job satisfaction can affect a person's level of commitment to the organization, absenteeism, and job turnover.
  • Job satisfaction can affect a person's level of commitment to the organization, absenteeism, and job turnover rate.
  • Job satisfaction also reduces stress, which can affect job performance, mental well-being, and physical health.
  • There are some indications that job satisfaction is directly tied to job performance; nonetheless, feeling less stressed can positively affect a person's behavior.
  • —for improvement and job enrichment.

• Reducing Turnover

  • However rates vary widely when compared over different periods of time or different job sectors.
  • However rates vary widely when compared over different periods of time or different job sectors.
  • Research on employee job turnover has attempted to understand the causes of individual decisions to leave an organization.
  • Other variables related to turnover are the conditions in the external job market, the availability of other job opportunities, and the length of employee tenure.
  • In addition, by paying above-market wages, the worker's motivation to leave the job and look for a job elsewhere will be reduced.

• Review Techniques

  • However rates vary widely when compared over different periods of time or different job sectors.
  • Preventing the turnover of employees is important in any business.
  • Research on employee job turnover has attempted to understand the causes of individual decisions to leave an organization.
  • Other variables related to turnover are the conditions in the external job market, the availability of other job opportunities, and the length of employee tenure.
  • In addition, by paying above-market wages, the worker's motivation to leave the job and look for a job elsewhere will be reduced.

• Job Design

  • Using this technique, among others, the company is able to reduce turnover.
  • Job Rotation: Job rotation involves moving employees from job to job at regular intervals.
  • Using this technique the company is able to reduce turnover.
  • These three psychological states in turn are related to positive outcomes such as overall job satisfaction, internal motivation, higher performance, and lower absenteeism and turnover.
  • Explain the four tactics of job design and the five core job dimensions

• Selecting the right People

  • The purpose of behavioral interviewing is to find links between the job's requirement and how the applicant's experience and past behaviors match those requirements.
  • Employers must obtain written consent from the applicant before conducting a background check, and the information gathered in a background check should be relevant to the job.
  • Employers may choose to use just one or a combination of the screening methods to predict future job performance.
  • If companies are not successful in their hiring practices, high turnover, low employee morale, and decreased productivity will result.
  • Research shows that the "degree of cultural fit and value congruence between job applicants and their organizations significantly predicts both subsequent turnover and job performance" (Pfeffer & Viega, Putting People First for Organizational Success, 1998).

• Employee Responsibility

  • Job enrichment is generally viewed positively; however, some employees prefer not to have a high level of job enrichment.
  • Job enrichment is a job redesign technique that allows workers more control over how they perform their own tasks.
  • As an alternative to job specialization, companies using job enrichment may experience positive outcomes, such as reduced turnover, increased productivity, and reduced absences.
  • At the same time, there is evidence that job enrichment may sometimes cause dissatisfaction among certain employees.
  • Job enrichment is not suitable for everyone.

• Efficiency Wage Theory

  • However, firms may choose to pay wages higher than the market-clearing equilibrium in order to incentivize increased worker productivity or to reduce turnover.
  • The manager thus may pay an efficiency wage in order to increase the cost of job loss, which gives a sting to the threat of firing.
  • Minimizing turnover: As mentioned above, by paying above-market wages, the worker's motivation to leave the job and look for a job elsewhere will be reduced.
  • Selection: If job performance depends on workers' ability and workers differ from each other in those terms, firms with higher wages will attract more able job-seekers, and this may make it profitable to offer wages that exceed the market clearing level.

• Using the Receivables Turnover Ratio

  • The receivables turnover ratio measures how efficiently a firm uses its assets.
  • The receivables turnover ratio, also called the debtor's turnover ratio, is an accounting measure used to measure how effective a company is in extending credit as well as collecting debts.
  • The receivables turnover ratio is an activity ratio, measuring how efficiently a firm uses its assets.
  • Sometimes the receivables turnover ratio is expressed as the "days' sales in receivables":

• Return on Common Equity

  • A company with a high ROE does a good job of turning the capital invested in it into profit, and a company with a low ROE does a bad job.
  • ROE is the product of the net margin (profit margin), asset turnover, and financial leverage.
  • Also note that the product of net margin and asset turnover is return on assets, so ROE is ROA times financial leverage.
  • Similarly, if the asset turnover increases, the firm generates more sales for every unit of assets owned, again resulting in a higher overall ROE.

• Inventory Turnover Ratio

  • Inventory turnover is the measure of the number of times inventory is sold or used in a time period such as a year.
  • The equation forinventory turnover is the cost of goods sold (COGS) divided by the average inventory.
  • Inventory turnover is also known as inventory turns, stockturn, stock turns, turns, and stock turnover.
  • A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
  • In assessing inventory turnover, analysts also consider the type of industry.