labour turnover- remedies

LABOUR LABOUR Turnover-RemediesTurnover-Remedies

MONIKA KANSAL,MONIKA KANSAL,Kamla lohtia S.D.College, Ludhiana,PunjabKamla lohtia S.D.College, Ludhiana,Punjab

Effects of labour turnoverEffects of labour turnover

Interruptions in continuous flow of work.

• New worker training cost

• More accidents, wastage, scrap by new workers

• Faulty handling by new workers, more depreciation of machines

• Loss of goodwill of the firm

• Interruptions and inefficiencies

Excessive accidentsExcessive accidents

• Loss of production– Excessive spoilage

How to reduce labor turnoverHow to reduce labor turnover

• Fair rates of pay, benefits and other allowances

• Good working conditions

Housing and recreational Housing and recreational facilitiesfacilities

Provision of Subsidized food

Good working conditions

Training

Safety of working conditions

Pension, gratuity and other retirement benefits

Maximum non-monetarybenefits

• Right man for the right job

• Fair treatment to all employees

Improved men-management relations

How long can we retain our employees like this

?