High staff turnover is a situation every managerial decision maker must content with. Depending on the type of industry, high staff turnover may be a part of the norm, or it may be unusual. When turnover is par for the course for a specific industry most managers are probably already familiar with this and as a result develop ways to offset the negative effects of high staff turnover. However turnover is not a recognized norm, this is where a manager may run into some significant and costly problems.
In the latter scenario, staff turnover is sometimes time consuming and costly.As a manager, if you can effectively reduce high levels of staff turnover you'll quickly discover the benefits of finding ways to maintain a regular staff. That being said, not all staff turnover is bad. There are some positive effects that high turnover of employees affords and these are opportunities that can be embraced.
The key is to try and find a place where your business has a turnover rate which is affordable and still enables your business to grow and profit. Too much turnover can be expensive and too little can be costly in other ways. Here is a bit of information that elaborates on the pros and cons of high staff turnover:
When Turnover is Costly
High levels of employee turnover are costly when empty positions are not being filled and productivity decreases. Another problematic issue is the process of recruiting, hiring and training often carries a high cost.
Depending on the kind of industry the company operates within, high staff turnover can heavily impact profitability, especially if the jobs you are continually filling are specialized and not easily filled. When the cost of turnover gets to the point where it exceeds the benefits, this is when it becomes vital to get to the root of the problem as to why your company is experiencing unusually high levels of employee turnover.
Once you identify the problem you can work to effectively reduce high staff turnover. Some ways you can do this is to nurture a friendly and positive work environment and also make strides to find out what it is that motivates your group. Offer appropriate intrinsic and extrinsic rewards to help keep staff interested and motivated. If your staff is dissatisfied, make an effort to find out why and then rectify the problem. It also may be time to invest in initiatives to recruit and hire employees who are looking for long-term employment you will have to offer. A good way to do this it to reexamine
Lecture Method
The lecture is still the most frequently used method of instruction. However, presenting a lecture without pausing for interaction with trainees can be ineffective regardless of your skill as a speaker. The use of pauses during the lecture for direct oral questioning creates interaction between instructor and trainee. Unfortunately, when classes are large, the instructor cannot possibly interact with all trainees on each ...