Abstract
When people leave the firm that has been employing them the loss can be described as ‘labour turnover’. Some might imagine that this loss of staff represents a minor problem, but they would be wrong. One does not just bring in new workers to replace those who have left. It is because the problem is a serious and expensive one for the employer that an attempt is made to monitor the rate of turnover. A simple formula for calculating the rate is:
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© 1984 Joseph Chilver
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Chilver, J. (1984). Labour Turnover. In: Introducing Business Studies. Palgrave, London. https://doi.org/10.1007/978-1-349-07362-7_9
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DOI: https://doi.org/10.1007/978-1-349-07362-7_9
Publisher Name: Palgrave, London
Print ISBN: 978-1-349-07364-1
Online ISBN: 978-1-349-07362-7
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