FUNCTION AND EVOLUTION OF HRM
LABOUR TURNOVER
FACTORS
HR PLAN
LABOUR TURNOVER= (number of staff leaving in a year)/(average number of staff employed in a year) ×100
INTERNAL
EXTERNAL
Changes to business finance
Changes in business strategy
Changes in business organisation
Changes in labour reactions
State of economy
Social trends
Changes to education
Demographic change
Government regulations/laws
Technological change
Labour mobility
TRAINING
APPRAISAL
RECRUITMENT
TERMINATION OR DISMISSAL
Application
Selection
Identification
Off-the-job
Cognitive training
On-the-job
Behavioural training
Induction
Summative
360 Degree
Formative
Self-appraisal
DISMISSAL
REDUNDANCY
TERMINATION
Promotion
Retirement
Professional development
Lifestyle choice
Change in acreer
Family reasons
Poor discipline
Drug or alcohol abuse
Continually missing work
Theft or dishonesty
Voluntary
Involuntary