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