We often talk about retention and keeping people within a business, but during this period of slow growth are companies taking advantage of implementing “positive turnover” into their retention strategy?
What is “Positive turnover”?
In a Business setting, the goal of employers is usually to decrease employee turnover, thereby decreasing training costs, recruitment costs and loss of talent and organisational knowledge. By implementing lessons learned from key organisational behaviour concepts employers can improve retention rates and decrease the associated costs of high turnover. However, this isn’t always the case. Employers can seek “positive turnover” whereby they aim to maintain only those employees who they consider to be high performers.
A business needs to ensure that any attempts to implement “positive turnover” is done carefully, as if not done with the appropriate benchmarking criteria then it could become discriminatory to employees.