Turnover Calculations Essay Example | Topics and Well Written Essays - 250 words

Turnover Calculations - Essay Example It also informs the HR professionals that turnover can be a good aspect at times when it applies to non-performing employees since the important thing is employee productivity. Such data also helps HR professionals and their respective organizations to realize that employee turnover brings with it other related costs which include separation costs, vacancy costs, replacement costs, training costs, and indirect costs. In reducing employee turnover rates, HR professionals need to employee effective employee retention practices. Retention is not about offering the best salary packages to employees. One effective retention strategy is the building of positive work relationships within an organization. These include relationships between employees and the organization’s management, as well as relations between the employees themselves. The management includes the supervisors, managers, top-level managers, and the management board. Each of these levels of management has to ensure that they build a cohesive workplace where each worker feels part of the organization. For example, a supervisor can build positive work relationships by being nondiscriminatory and fair, allowing work-family balancing, enabling work flexibility, and providing feedback that appreciates a worker’s performance and efforts. This can create a positive work environment that in turn aids