INFLUENCE OF PSYCHOLOGICAL CONTRACT ON THE EMPOLYEES TURN OVER ON HOSPITALITY INDUSTRY.

Influence of psychological contract on the employees turnover on hospitality industry

Influence of psychological contract on the employees turnover on hospitality industry

The advantages of managing turnover in an organization will help to lower unemployment taxes, training cost, better knowledge of employees, and happier more productive employees. All organization in today?s society deal with a great deal of turnover that will result in management making the decision to part ways with an employee whether he or she are a full time or talent employee. Many organizations realize when managing turnover effectively this will result in a productive environment for the company. Organizations realize that turnover is inevitable and the company has to deal with each loss while trying to minimize unwanted turnover (Phillips, Connell, 2009).

The Human Resource Department (HR) at this point will handle any dismissal of an employee and by doing so will limit liabilities in the process. This is one important responsibility that the HR department will continue to handle throughout organizations. A trend in managing turnover falls in the area of preventing unwanted turnover in any organization. When an employee leaves or is dismissed from the company this results in loss and reflects the cost of hiring, training, and employing the individual. This result will be a loss for the company because of the quality and human capital that was spent on resources for that employee. Which lead to the costs being added back to resources that the company spent to drug screen, hire, and the hours spent train each employee this can be cost effective for any organization that do not manage turnover effectively (Phillips, Connell, 2009).

When an organization deals with loss of employees to unwanted turnover this will result in different aspects of turnover. The employee as ...