MHR 523 Lecture 11: MHR 523 Chapter 15
8 Oct 2018
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Turnover: turnover: the termination of an individual"s employment with the organization (pg. 416: voluntary turnover (e. g. quits, retirements or resignations) Impact of turnover on the organization: voluntary turnover, as an hr manager, when an employee quits, what questions should you be asking. The cost of turnover: direct costs, separation costs, vacancy costs, replacement costs, training costs. Voluntary turnover: unanticipated challenges of replacing employee reasons for voluntary turnover: suboptimal hiring practices, difficult managerial style lack of recognition lack of competitive compensation systems toxic workplace environments. Just cause (termination: financial pressures/cost cutting (layoffs, restructuring/change in org. direction (downsizing) What is downsizing: downsizing: activities undertaken to improve organizational efficiency, productivity, and/or competitiveness that affect the size of the firm"s workforce, its costs, and its work processes . Increased pressure from competitors: declining profits, business downturn, organizational merger, new technology, reduce operating costs, decrease levels of management, getting rid of employee deadwood . Impact of downsizing: displaced employees, survivors, costs.
