ENTREPRENEURSHIP

Detailed explanation-1: -The turnover rate is the movement of employees in and out of an organization. It indicates the total number of employees quitting (voluntarily or involuntarily) within a given period.

Detailed explanation-2: -Labour turnover refers to the net departure of employees over a defined period of time. It can be divided into voluntary vs. involuntary and avoidable vs. unavoidable labour turnover. Some common causes of labour turnover include employee dissatisfaction, organisational downsizing, and employee relocation.

Detailed explanation-3: -Labor turnover, also known as staffing turnover, refers to the ratio of a number of employees who leave a company through attrition, dismissal or resignation to the total number of employees on the payroll in that period. It’s used for measuring employee retention.

Detailed explanation-4: -Voluntary Turnover. No organization is immune from voluntary turnover. Involuntary Turnover. Involuntary turnover is when the company asks an employee to leave. Retirement. Internal Transfers. 22-Aug-2016

Detailed explanation-5: -Employees are overwhelmed by amount work. Lack of recognition. Company culture. Poor relationship with Manager. Lack of flexibility. Remuneration and benefits. Poor learning and development opportunities.