What is employee turn over?Suggest other benefits
that a firm could offer his workers??
Employee turnover is the effect of employees leaving
and joining other companies, plus the effect of the company employing
new staff. So its the turnover of staff into and out of a company.
A good turnover is LOW - that means that you are keeping your (trained
probably) staff and not losing them. The higher the turnover the
bigger the problem you have. If you have a high turnover you have
to find out why your staff are leaving. If you have over 5% turnover
then you are starting to have a problem. 10% and you are in trouble
and you have to offer incentives to keep your staff.
Now you can answer the second part of your problem
- think of ways in which your parents incentivide you and just apply
it to a work situation.
You can often find good books about this in the
Library. You could also approach a local firm and ask them what
they do to incentivise their workers - bonuses? Overtime rates?
cheap goods (if you work in a bakery can you get free/cheap bread?)
Greg Reeve
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