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Costs and Causes of Employee Turnover Certification

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Summary

Price
£99 inc VAT
Or £33.00/mo. for 3 months...
Study method
Online
Duration
3 hours · Self-paced
Qualification
No formal qualification
CPD
3 CPD hours / points
Additional info
  • Tutor is available to students

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Overview

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CPD

3 CPD hours / points
Accredited by The CPD Certification Service

Description

Costs and Causes of Employee Turnover Certification
Employee turnover costs businesses and the economy an astronomical amount of money every year, with some industries particularly vulnerable to its effects. Some turnover is normal and healthy in every sector, but above-average turnover can significantly lower productivity and morale in the workplace. Therefore, it is imperative that every organisation makes an effort to measure and analyse who is leaving – and why.

This course provides an overview of the factors underlying employee turnover and how job and personal factors affect the likelihood that someone will tender their resignation. You will also learn what employers, recruiters and managers across all sectors can do to improve employee retention. You will discover why the first few weeks following a new hire are crucial, the role of training and how to build a positive workplace culture that inspires satisfaction and loyalty among employees.
You Will Learn:-
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The differences between voluntary and involuntary employee turnover, how it is measured and why high turnover is generally a warning sign that an organisation needs to examine their recruitment and hiring practices.
The financial and non-financial toll turnover takes on a business, how it impacts profitability and productivity and why a single resignation can trigger a domino effect within a department.
The most common causes of employee turnover, how many employees are unhappy in their roles and what they most value in a prospective employer.
Why the recruitment process is instrumental in reducing an organisation’s turnover rate and what employers can do to check the “fit” between a candidate and their organisation.
How to improve retention rates among existing staff, nurture talent within an organisation and build a good company culture.

Benefits Of Taking This Course:-
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If you are in a management position, you will gain useful insight into the relationship between leadership practices and employee retention.
If you work in an HR role, this course will provide you with information that will help you measure and understand turnover in your company.
If you work in a recruitment-based role, this course will help you draw links between job design, the recruitment process, worker satisfaction and turnover.
Anyone who oversees the day-to-day running of an organisation will benefit from understanding the link between employee turnover and the success of the organisation as a whole.
Anyone interested in organisational psychology will appreciate this opportunity to learn more about employee motivation.

Who is this course for?

There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.

Requirements

The course does not require any pre-knowledge to pursue the course. And it is compatible with any kind of device. You will get the same experience in learning whether you are using Windows, Mac, a smartphone or tablet. You can access the course materials with any kind of connection, from anywhere, without any limitation!

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.