Business – 2.1 HRM – Workforce planning | e-Consult
2.1 HRM – Workforce planning (1 questions)
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Answer: Labour turnover is the rate at which employees leave an organisation and are replaced by new staff over a specific period, usually expressed as a percentage of the average workforce.
- Cost implications: High turnover increases recruitment, training, and lost productivity costs.
- Impact on performance and morale: Frequent departures can disrupt team cohesion, reduce employee morale, and affect overall organisational performance.