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Labour turnover is the rate at which staff leave an organisation. There are different methods for measuring staff turnover, including the wastage index or standard formula, the resignation rate, the stability rate and the survival rate.
Benchmarking the employer's total turnover rate and voluntary resignation rate against those of similar employers can help the employer to establish whether the level of turnover is acceptable, too high or too low.
Employers need to analyse the underlying reasons for staff departures and, if the departure rates are too high, establish a retention strategy.
11 Jan 2021
A Midlands NHS trust has had to redeploy medical trainees to help support ward staff after its plans to bring in doctors from abroad were scotched.
9 Dec 2020
Organisations are opting for the flexibility of temporary workers rather than offering permanent jobs, new data has revealed.
8 Dec 2020
Employers in the UK are the least confident in Europe about their ability to hire additional workers – but they...
7 Oct 2020
More than half of the UK’s workforce is either actively or casually looking for a new role, according to a...
24 Sep 2020
Nine out of 10 UK businesses believe the recruitment of EU nationals plays an important role in their UK operations,...
14 Sep 2020
With so little recruitment this year, organisations with vacancies report being inundated with applications for the limited roles they have...
26 Aug 2020
The majority of recruitment firms are expecting a 15-30% drop in their income this year as a result of a...
25 Aug 2020
Figures suggest the pandemic has prompted employees to rethink their career options.
13 Jul 2020
John Lewis and William Hill thought to be unlikely to take advantage of scheme, but many other large firms still weighing it up.
9 Jul 2020
Concern grows over the staffing of care homes once the points-based immigration system starts.
8 Jul 2020
The £1,000 incentive to bring back employees from furlough has been described as “inconsequential” and potentially not enough to prevent...
3 Jul 2020
Measures need to be urgently implemented to avoid mass youth unemployment, and should include employers being incentivised...
9 Jun 2020
More than half of employers expect recruitment to return to ‘normal’ pre-Covid-19 levels by this time next year.
14 Feb 2020
Downing Street has announced that the new points-based immigration system will be implemented from 1 January 2021.