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Cost & Management : Labor Turnover, its  Causes and Effects Notes

Labor turnover is defined as the proportion of the workforce of the company leaving over the course of the year or the ratio of the number of persons leaving over the period to the average number of employees.   Labor turnover is all about retention of employees – i.e. the ability of a company to convince its employees to remain in business.   Causes of Labor Turnover     The causes of the turnover of labor could be classified into three types. They're:   Personal causes –  those that induce or force workers to leave their jobs. Retreat due to old age. The accident makes workers permanently unable to work. Women workers may leave after marriage to perform household duties/family duties I don't like the job or the place. Workers are finding better jobs in other places. Changing the job for improvement.   Inevitable causes –  those on which management is obliged to ask some or more of their employees to leave the organization; Seasonal nature of the company. Change the location