ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Profit generated by labour of the organisation in a particular period
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Employees leaving the organisation in a particular period
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Both A and B
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None of the above
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Detailed explanation-1: -Labour turnover is a metric that refers to an organisation’s net employee separations over a defined period of time. It is often referred to as ‘employee turnover’ and is closely related to employee attrition, also known as churn rate. Employers should regard some level of employee movement as normal.
Detailed explanation-2: -An organization’s turnover is measured as a percentage rate, which is referred to as its turnover rate. Turnover rate is the percentage of employees in a workforce that leave during a certain period of time.
Detailed explanation-3: -Regardless of business type there are two main types of employee turnover: voluntary and involuntary. Within each of those categories, however, you’ll find various reasons for why a company might have employee turnover. While the term “turnover” sometimes has a negative connotation, not all turnover is bad.
Detailed explanation-4: -Voluntary Turnover – A situation wherein an employee decides to leave the organization on his own, maybe for a better career opportunity, is considered a voluntary turnover.