why is it important for personnel management to know the
reasons for staff leaving the organisation?
Answers were Sorted based on User's Feedback
Answer / vertika srivastava
The average time-to profit-time period for a new hire in any
industry is about nine months,suggesting that a fresher
begins to break-even the investments made on him/her and
earn profit for the firm only after nine months.Exit of an
employee before the nine month period can cost up to five
times of his or her paid salary.
HR managers need to be proactive and develop innovative
employee interventions to retain talent.Some suggestions are:
1. Quality of supervision
2.Perception of equity in rewards-both monetary and
non-monetary.
3.Scope for the employee to speak out freely.
4.Meeting's at least a month, to share the company's vision,
industry's growth and how employees see themselves in the
changing scenario help a great deal.
5. Salary hike.
6 Exit interviews etc.
Is This Answer Correct ? | 8 Yes | 1 No |
Answer / loganathan
It help to find the gaps between management and employees .
if the personnel management to analyze problem why staffs
are leaving from the job .what important factors are they
looking . after analyze it helps to fill the gap between
management and employees and moreover it very helpful to
stop loosing employees from our company.
Is This Answer Correct ? | 4 Yes | 0 No |
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