Costs and Causes of Employee Turnover Certification

Costs and Causes of Employee Turnover Certification

Employee turnover costs businesses and the economy an astronomical amount of money every year, with some industries particularly vulnerable to its effects. Some turnover is normal and healthy in every sector, but above-average turnover can significantly lower productivity and morale in the workplace. Therefore, it is imperative that every organisation makes an effort to measure and analyse who is leaving – and why.

This course provides an overview of the factors underlying employee turnover and how job and personal factors affect the likelihood that someone will tender their resignation. You will also learn what employers, recruiters and managers across all sectors can do to improve employee retention. You will discover why the first few weeks following a new hire are crucial, the role of training and how to build a positive workplace culture that inspires satisfaction and loyalty among employees.

You will learn:

• The differences between voluntary and involuntary employee turnover, how it is measured and why high turnover is generally a warning sign that an organisation needs to examine their recruitment and hiring practices.
• The financial and non-financial toll turnover takes on a business, how it impacts profitability and productivity and why a single resignation can trigger a domino effect within a department.
• The most common causes of employee turnover, how many employees are unhappy in their roles and what they most value in a prospective employer.
• Why the recruitment process is instrumental in reducing an organisation’s turnover rate and what employers can do to check the “fit” between a candidate and their organisation.
• How to improve retention rates among existing staff, nurture talent within an organisation and build a good company culture.

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