University of Groningen Labour turnover and its effects on ...
Labour Turnover- Remedies
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LABOUR LABOUR Turnover-Remedies Turnover-Remedies MONIKA KANSAL, MONIKA KANSAL, Kamla lohtia S.D.College, Ludhiana,Punjab Kamla lohtia S.D.College, Ludhiana,Punjab
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After all organisations need to keep the employees with them. This presentation offers Unique and humanistic approach to reduce employee turnover.
Transcript of Labour Turnover- Remedies
LABOUR LABOUR Turnover-RemediesTurnover-Remedies
MONIKA KANSAL,MONIKA KANSAL,Kamla lohtia S.D.College, Ludhiana,PunjabKamla lohtia S.D.College, Ludhiana,Punjab
Effects of labour turnoverEffects of labour turnover
Interruptions in continuous flow of work.
• New worker training cost
• More accidents, wastage, scrap by new workers
• Faulty handling by new workers, more depreciation of machines
• Loss of goodwill of the firm
• Interruptions and inefficiencies
Excessive accidentsExcessive accidents
• Loss of production– Excessive spoilage
How to reduce labor turnoverHow to reduce labor turnover
• Fair rates of pay, benefits and other allowances
• Good working conditions
Housing and recreational Housing and recreational facilitiesfacilities
Provision of Subsidized food
Good working conditions
Training
Safety of working conditions
Pension, gratuity and other retirement benefits
Maximum non-monetarybenefits
• Right man for the right job
• Fair treatment to all employees
Improved men-management relations
How long can we retain our employees like this
?
