Essentially, turnover can generate costs for the organization whether the employee leaves voluntarily or involuntarily. Moreover, turnover can be a very costly expense to an organization. Further, turnover can highly impact the organization and cause various disruptions to operations and production. Thus, there are several cost associated with turnover. According to Stamp and Thoren (2016) turnover can be very disruptive and costly for any business or industry. Therefore, it is imperative that organizations find sufficient ways in which to avoid turnover. Typically, employees can leave an organization whether voluntary or involuntary, yet when employees do leave an organization it can trigger many disruptions in the overall operations, work …show more content…
Many of their solutions improve efficiency and, ultimately, profitability.
Improved employee morale is another advantage of turnover. Disengaged workers sap the workplace of enthusiasm, energy and productivity. When employees who are performing at marginal levels leave the organization, it inspires remaining workers and returns the workplace to a team-oriented work environment where everyone is focused, driven and interested in doing a good job. The strain placed on an organization by managing employees whose presence affects the entire workforce is lifted when those employees are separated from the company.
Turnover can further generate cost savings to some degree. This alone be a significant benefit. According to Mayhew (2018) it is acknowledged that, When long-term employees leave, the company is no longer in debt for high wages
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Generally, turnover can bring about new opportunities for the workforce. In addition, turnover can prevent the workforce from becoming content, static, and motionless. All in all another benefit of turnover is that it can create motivation and encouragement to perform (Westfall, 2018). In essence, turnover helps to replenish and replace innovation and initiative to the workforce. Therefore, turnover can bring about new perspectives and greater ideas. Additionally, turnover can definitely birth new broadened perspectives by newer employees bring forth new key essential perspectives, experiences, and further can establish a new way of doing and completing things in which to help the organization prosper and grow. Equally important, turnover can truly help an organization stay competitive (Westfall, 2018). Therefore, turnover helps organizations adapt and become more dynamic in order to stay afloat with others in the industry. Further, by having some turnover helps to prevent the organization from enduring a standstill and stagnancy and