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Discuss purpose within the General Talks forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; Purpose While attrition is a natural process for organizations, replacing employees is expensive. The cost goes beyond merely placing an ...

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Div Bajaj
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divbajaj
Student of BBA at Delhi University
New Delhi, Delhi
 
Institute: Delhi University
Status: Offline
Posts: 106
Join Date: May 2008
Location: New Delhi, Delhi
purpose - September 11th, 2008

Purpose While attrition is a natural process for organizations, replacing employees is expensive. The cost goes beyond merely placing an advertisement for the opening in a newspaper. It includes training a new employee, staff time for selecting a new employee, lost productivity while the position is open and lost productivity until the new employee gets up to speed. Understanding why people voluntarily leave the company can provide an opportunity for the firm to make changes to reduce turnover rates -- and reduce the associated costs.
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