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Staff turnover rate

There are often discussions between attorneys, and of course employees, as to the employee turnover rate at firms.  Of course, companies often see employees leaving as a bad sign, but the counter-argument is that employees sticking around for too long can be just as damaging. 

The question as to the ideal rate is answered by the international recruiting site Monster who says that injecting a company with new blood and ideas is always good and that a normal turnover rate for a firm is approximately 15% a year, although in some industries it can be much higher.  That means, during the course of a year 15% of the current employees leave the firm.  Obviously, employees resign for a whole host of reasons, including some whose poor performance and steady stream of warning letters lead to them resigning, although one could almost say, to quote the site, “they were ‘pushed’.”  The benefits of a poorly performing employee actually leaving is of course far higher than the cost of their salary and so some resignations are worthy of a dinner out to celebrate! 

Posted by Michael de Broglio on Thursday 04-Apr-13 Share on Facebook   Tweet It

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Comments

Sundome   said:
on Wednesday 10-Apr-13 09:30 AM
I agree with Corne, employees should keep to themselves and do their work and stop interfering with other peoples work. I was also one of the people that was very unhappy and I wanted to leave and the reason for that is because my work was always being questioned because some people has got nothing better to do so they get involved and make up stories. Employers should respect and trust their employees. If a person doesn’t want to work then they must resign, they should not start slacking and being lazy because then I believe it is a good thing to the company if they leave. Everyone can be replaced, there are a lot of people who needs a job and who is willing to give their utmost best.

moenisha  said:
on Friday 05-Apr-13 09:45 AM
I must admit I was one of the people who was very unhappy at the beginning all I wanted to do was leave but I guess that's what happens at any new job one has to get used to it. But things have changed and here I am. Everything happens for the best no one knows what may happen in the future.I would hope to still be here for quite a while.

Corné  said:
on Friday 05-Apr-13 09:00 AM
Employees should keep to themselves and do their work. Everybody knows that work is about work and there is no perfect job or working environment but bills have to be paid so jobs have to be done. Obviously one would like to work for a respectable employer who treats you with respect.

Caron  said:
on Friday 05-Apr-13 08:25 AM
Spending the better part of ones waking hours at work, you need to be working in an environment that is conducive to work performance. Therefore, a constructive environment in which one can work without any negative effects on their mental wellbeing.

Juliet  said:
on Thursday 04-Apr-13 05:27 PM
One of the highest staff turnover rates is in an actual recruitment company because of the high stress levels and long hours with little reward. I think one should always improve onself so you need to become an expert and ensure you are always improving or you will become complacent. They say if you are not replaceable then you are not promotable

Brenda  said:
on Thursday 04-Apr-13 04:51 PM
Any working environment has its issues. If a person thinks they are going to walk into a job where there are no issues and everything is just sunshine and roses, then they are seriously misinformed. This is the business world and we cannot focus on whose "feelings" are being hurt etc. because there is poor work performance.

The biggest joke for me when one resigns is them saying "I wasnt happy in the working environment" my opinion.....GET OVER IT!!! We are not here to build a fan club, we are here to work, if you want to throw a pity party for one due to "unpleasant working environmnet" then yes, the company you work for is not for you and you should find a job at a pre-school or something!!

Get rid of self centred, lazy people who dont work.... that's business!!

Lourien  said:
on Thursday 04-Apr-13 04:46 PM
The staff turnover of a company is very important, they should keep good employees and also attracting hard working and new employees from other firms and else were, but it’s just as important in letting the unproductive employees go. A firm might loose a certain amount of employees but they should see that as gaining new employees. This is an ongoing process and by keeping and gaining the best employees will only be to the firm’s advantage at the end of the day.

Cherise   said:
on Thursday 04-Apr-13 04:13 PM
Everyones point of view seems to be correct and valid but I must admit that both sides of this matter have a good arguement as Simone has said.

I personally believe that a companys best way of functioning aswell is to get rid of the lazy staff yes, but also training and encouraging all workers in their position to perform as a team , and aknowledgement for all work that the team does as a hole instead of focusing on just good or just bad workers. that could course internal problems and poor job satisfaction.

Lucretia  said:
on Thursday 04-Apr-13 03:56 PM
It is always a good thing to let the bad go. It is also a very good thing to listen to the staff around one, staff very quickly know who the real workers are and who are "the weakest links". Too many organisations are caught up in what "looks good" rather than what works for the organisation. Beauty fades, don't let a business fade with it.

Yolandi C  said:
on Thursday 04-Apr-13 03:33 PM
I'm sure a high turnover rate can be beneficial to an employer but it may be harmful to a company's productivity when skilled workers leave.

Simone  said:
on Thursday 04-Apr-13 03:31 PM
Unfortunately the truth hurts and if you didn't add value to a company it is better for them if you leave. But like Brumilde said, both sides can argument this...

Benita  said:
on Thursday 04-Apr-13 03:29 PM
I guess for some people resigning is better if they know they are going to be fired

zandra  said:
on Thursday 04-Apr-13 03:28 PM
new ideas are always good! but of course its better if you can say I've been at De Broglio Inc(for instance) for 5 years or so.but sometimes the job just doesn't work for you and you want something new and challenging,but of course that's your own decision - and that decision doesn't reflect on the company.

Julie  said:
on Thursday 04-Apr-13 03:27 PM
Thank goodness I left the firm for a year - so there is no way I can be "damaging" - ageing maybe, but not damaging :-) In some cases it is true, I agree - that it doesn't do the firm harm if people leave that doesn't perform - but we have sadly seen some good workers leave too.

My general feeling is that especially people who comes from other firms doing mva's had a much more "relaxed" environment. These don't stay long. Where, on the other hand, younger people who started here, especially fresh out of school, tend to stay not realizing how much work there is and probably think this is the norm. Which is a good thing ito when they leave, they've had more than enough experience to adapt anywhere else.

For the "busy bees" a quieter office might seem boring.

Brumilde  said:
on Thursday 04-Apr-13 03:26 PM
This can be argumented from both sides of the tale. It can be both good and bad . Depends on who you are loosing and the value i the company

Alexis  said:
on Thursday 04-Apr-13 03:21 PM
If you can cut it - then you can cut it - if not then leave as you are not meant to be there and are most likely causing more problems then solving. If you start a job -start is properly and do it properly - there will be mistakes in the beginning as you are still learning - but there after you are suppose to learn from them and make it work - this is a job and it will be worth your while to make sure you do a good job as it looks good and when you do decide to leave one day - have a good referral letter to prove that you contributed to the company. If you are receiving warnings and problems - then you need to look at yourself and resolve why this is happening to you and rectify it - warning is just that - a warning to help you buck up and do a better job as a company cannot work with half done jobs and people who do not care

Jessica  said:
on Thursday 04-Apr-13 03:20 PM
Wow that is harsh yet true, some people add value to a company and some take that value and mess it all up. I think also sometimes the reason for people resigning is also due to the fact that sometimes the employer doesn't take note of how hard that employee has worked for them. We all like to be noticed when we do well so we all should also be understanding when we are also noticed as not doing well. Its a give and take from both sides.

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