Turnover Cost is one of the major hidden HR cost. Lacking of Employee retention is one of the Key elements for turnover. This workshop will help Professionals to make them able to calculate the Turnover Cost and to draw the impact as well as some strategies for reducing Turnover Cost
Objective/ Benefit: After successful completion of the program participants will be able to:
Turnover Cost is one of the major hidden HR cost. Lacking of Employee retention is one of the Key elements for turnover. During the last decade, employee retention has become a serious and perplexing problem for all types of organization. Managing retention and keeping the turnover rate below target and industry norms is one of the most challenging issues facing businesses. From all indications, the issue will compound in the future, even as economic conditions change.
Employee turnover continues to be one of the most unappreciated and undervalued issues facing business leaders. This stems from several important assumptions and conclusions about turnover:
All stakeholders involved in the issue, including Functional Head, Human Resource managers, underestimate the true cost of employee turnover.
The causes of turnover are not adequately identified in most organizations.
The solutions to reduce turnover are sometimes mismatched with the cause of turnover and do not generate the desired results.
Many of the preventive measures for turnover are either overkill or they often miss the mark altogether.
This workshop will help the participants to address the above issues and to introduce some probable solutions for the betterment of the organization.
Major areas to be covered:
Module-1: Employee Turnover: the Essentials
Module-2: Employee Turnover: Measures and Causes
Module-3: Employee Turnover Cost: Concept, Types, Approach
Module-4: Employee Turnover Cost: Calculation & Management
Practice Exercise: There are 5 Practice Exercise in the material. Delegate needs to practice by self.
Assignment: There will be an assignment to be submitted via portal
Examination: There will be MCQ based Examination. Anytime anyone can attend exam
|Enrollment Closes||31/Dec/2024 GMT|