Workshop 8

Question 1

Voluntary turnover

Answer 1

initiated by the employee

Question 2

Involuntary turnover

Answer 2

The employee has no choice in their termination

Question 3

Calculating turnover

Answer 3

separations during the time period (month) / total number of employees midmonth x 100

Question 4

Direct turnover costs

Answer 4

the leaving costs, replacement costs, and transition costs

Question 5

Indirect turnover costs

Answer 5

the loss of production and reduced performance

Question 6

Retention plan

Answer 6

outlines the strategy the organisation will use to reduce turnover and address employee motivation