Cost of Turnover Research Paper Example | Topics and Well Written Essays - 250 words

Cost of Turnover - Research Paper Example e increased level of employee turnover within an organization can result in incurring costs related to recruitment and selection of new employees along with inviting training costs associated with the new hired staff. At the same time, the article further revealed that increased employee turnover has significant and much adverse impact on the overall productivity as well as competiveness of an organization (Ebodey, n.d.). In this regard, it can be affirmed that the role of staffing is considered to be extremely vital for any organization in order to attain greater competiveness within an industry and reduce the turnover rate. The recruitment, selection along with hiring of skilled and competent candidates with an organization can largely ensure the success and enhanced performance of the organization which in turn can enable it to attain greater sustainability (Ployhart, 2011). Performance management is another important aspect that drives worker behaviors to align with the goals and the objectives of an organization. Efficient performance management facilitates an organization to develop and foster its employees (Resurreccion, 2012). It has been observed that monetary and non-monetary incentives along with compensation can largely facilitate an organization to foster and retain skilled employees. If adequate and on-time compensation is offered to employees then it can motivate them to render sustain ed dedicated efforts towards the accomplishment of organizational goals and objectives. This in turn can enable to reduce the rate of employee turnover by a considerable extent (Agba &Ushie, 2010). Agba, A. M. O., & Ushie, E. M. (2010). Motivational incentives and staff turnover in the hospitality industry in cross river state, Nigeria. Global Journal of Management and Business Research 10 (8), pp. 18-28. Resurreccion, P. F. (2012). Performance management and compensation as drivers of organization competitiveness: the Philippine perspective. International Journal of

Essay Example | Topics and Well Written Essays - 500 words - 183

Essay Example I was a bit upset for there was nothing interesting about them; they were just common people everyone can see in a cafà © in the morning. Despite this, I enjoyed being there because of the sun that shone just right through the window, the cafà © smelled of coffee and freshly baked muffins, and I felt peaceful and contended with my life. At that very moment, a man came in and caught my attention immediately. He seemed to be very excited, even nervous. He looked around as if he was looking for someone or something, sat down at a table and ordered tea. The man was dressed very neatly, and at first I thought that he came on a date; it was too early for that though, and I put that thought to rest. Also, it was quite an early morning for a business meeting. Curiosity was eating me up as the man checked his watch almost every two minutes and looked out the window. He was definitely waiting for someone. About fifteen minutes of waiting passed, and a boy bounced into the cafà ©. He was about thirteen or fourteen years old, not too tall, and he reminded me of someone I had already seen before. When he came up to the man, I understood who the boy reminded me of. It became obvious they were a father and a son. When the man saw the boy, he glowed with happiness and finally calmed down. The boy was also very glad to see his father for he ran up and hugged him. It was such a nice and moving scene! I think that the fact that they met at the cafà © suggests that they did not live together; perhaps, the boy’s parents were divorced, and his mother had a sole custody of her child. In any case, it was clear that they had not seen each other for a long time. As I looked around, I noticed that everybody who was at the cafà © at the moment also was watching the man and his son. Just like me, they also seemed to be moved by the scene. At that very instance, I felt that the entire cafà © was filled with peace, happiness and even