Turnover's not so bad

RETENTION

Turnover's not so bad

Minimising turnover has long been an article of faith for many organisations, but others are now actively managing turnover for maximum financial return, says a recent issue of Workforce Management, a US human resources magazine.

For executives at the likes of SAS Institute, IndyMac bank, and Bowman and Brooke interviewed by Workforce Management, achieving optimal turnover means understanding both the financial costs and gains incurred as well as controlling who stays and who goes. So, they may seek to drive up turnover when they feel it is too low, push it down when it is too high and understand its true costs and benefits.

Want to know more?

Title: "The turnover myth", by Fay Hansen, Workforce Management, June 2005.

Availability: Workforce Management magazine is published monthly. For subscription services, tel: 001 313 446 0450 (USA: 888 448 1422). Contact the online editor Todd Raphael for more information, email: raphaelt@workforce.com.

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Take a look at the article online -- see what you think www.workforce.com/section/06/feature/24/06/37/index.html

Posted 1 July 2005