The Element of Turnover in Business

The element of turnover
within the world of business
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Contents
TITLE: “The element of turnover within the world of business”....................................................3
1) INTRODUCTION.......................................................................................................................3
Aim of Research.....................................................................................................................3
Objectives of research............................................................................................................3
Research questions.................................................................................................................3
2) CONTENT BASED HEADING.................................................................................................3
a) Theoretical framework.......................................................................................................3
b) Research population...........................................................................................................4
c) Chosen sampling method...................................................................................................5
d) Validity and reliability of research.....................................................................................7
3) CONCLUSION AND DISCUSSION.........................................................................................7
REFERENCES................................................................................................................................8
Appendix..........................................................................................................................................9
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TITLE: “The element of turnover within the world of business”
1) INTRODUCTION
Aim of Research
The aim related to this research is “To ascertain the reasons or causes of high employee
turnover in the world of business.”
Objectives of research
The objectives associated with this specific research project is:
1. To understand the concept of employee turnover.
2. To identify the elements of employee turnover in the world of business.
3. To analyse the impact of high employee turnover on a business organisation.
Research questions
The questions related to this research are as follows:
1. What is the concept of employee turnover?
2. What are the key elements of employee turnover in the world of business?
3. How high employee turnover impacts on a business organisation?
2) CONTENT BASED HEADING
a) Theoretical framework
Concept of employee turnover:
As per the view point of Ruth Mayhew, 2019, Employee turnover is defined as the
percentage or number of employees who leave the firm and replaced by new workers. Measuring
turnover rate of employees can be assistive for employees who want to examine the cause of
turnover and estimate cost to hire for the purpose of budget. It is a very serious issue for the
organisations all over the world. In relation to human resource management, staff turnover is
stated as the rate at which employer lose its employees. It is measured for the individual
organisations and for industry as the entire. If an organisation has high turnover rate than its
competitors, then promoters of the firm have short average tenure in comparison to those other
organisations in the similar industry. The main reason behind employee turnover is low
employee morale, decreased satisfaction, high pressure, occupational stress etc. It is very
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