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Evaluating their effectiveness is tricky.
Their effectiveness is also questionable.
Customer turnover, like employee turnover, is costly.
Franchisee turnover rate is 10%.
Investment turnover ratio is kept at 4.44 %.
Hence, understanding the relative impact of individual and firm characteristics on worker turnover is important in determining the effectiveness of specific training and skill-development programs provided both privately and publicly.
The current nursing shortage and high turnover is of great concern in many countries because of its impact upon the efficiency and effectiveness of any healthcare delivery system.
If the typical or average cost of turnover of staff is known, this can assist in assessing the impact on the organisation of different levels of turnover, and can also provide managers with an indication of the cost effectiveness of improving retention through turnover reduction (or stability increase) strategies.
Such turnover is expensive.
But turnover is low.
Staff turnover is high.
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