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Topic: |
Business
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Number of pages / Number of words: |
5 / 1148 |
Essay's paper body
A high staff turnover will have a counterproductive impact on a business, especially if those leaving are key contributors to the success and stability of the business. The reason for high employee departure rate is often-inappropriate corporate environment, often related to lack of benefits, unfair treatment, inadequate compensation and the absence of a positive and constructive communication; which results in financial debt to the company...
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The company management can minimize the ways in which it affects a business and company turnover rate through well thought-out staff management meetings while operating in a more efficient manner. Employee wage is rarely the sole reason for an employee to leave the company, although low wage levels are often a disincentive to stay and be productive within the company...
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