Labour turnover

IB Business Management: Labour turnover

“What could possibly be more important than who gets hired, developed, promoted or moved out the door?” - Jack Welch (1935 - 2020), former chairman and CEO of General Electric (GE) Labour turnover refers to the amount of people who leave an organization, expressed as a percentage of the workforce, per time period (usually one year). Calculating and monitoring the labour turnover rate is important for an organization’s...

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