Volume : III, Issue : XI, November - 2013

Impact of Global Economy Growthover Employee Turnover

Mrs. Menaka. Bammidi, Mrs. K. Sri Divya

Abstract :

Employee Turnover is the ratio of how many employees leave a company, compared to how many employees remain. Turnover basically arises from the unhappiness from job place for individual employee. But being unhappy in a job is not the only reason why people leave one company for another. If the skills that they possess are in demand, they may be lured away by higher pay, better benefits or better job growth potential. Since 2007 the world is experiencing periodic economic crisis which has trouble–shooted many top firms in terms of recruitment, employee retention and among monetary benefits to their employees. Now the case is with retention of employees.Global firms are facing a talent exodus as world economies return to growth. Growth is expected to pick up over 2013 and 2014. We can expect labor markets to revive and could see staff turnover to increase. Organizations therefore need to start thinking now about how to secure the long–term commitment of their workers. Failure to create the right environment will encourage disgruntled employees to take off in search of better conditions. This article makes an attempt to ing out the Present and Future exploratory information about the impact of global economy growth over employee turnover which is hitting new heights.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Mrs. Menaka. Bammidi, Mrs. K.Sri Divya / Impact of Global Economy Growthover Employee Turnover / Indian Journal of Applied Research, Vol.3, Issue.11 November 2013

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