In Personnel Management,do you think that labour turnover has any advantages to an organization? List a few potential advantages

May 16th, 2013 Comments off
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Potential advantages on  labour turnover in an organization might include the following:

  • Opportunities for an organization to inject “ NEW BLOOD ” . New people brings new ideas and outlook, new skills and experience in different situation. ABSENCE of  this might create an increasingly AGED workforce;
  • Creation of opportunities for PROMOTION AND SUCCESSION. Absence of this means junior staff and management facing a long career without development,waiting for someone higher up the ladder to retire, with no incentives or encouragement to ambition;
  • Ability to COPE WITH LABOR SURPLUSES in some grades of job without having to make redundancies. Natural wastage can save industrial relations problems in this way.

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Financial Accounting


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