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Costs & Causes of Employee Turnover Online Training Course
Learning 247

24x7 Online Unlimited Access For 12 Months

Summary

Price
£79 inc VAT
Or £26.33/mo. for 3 months...
Study method
Online
Duration
3 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free

Overview

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.

Certificates

Description

What's Covered in the Course?

  • 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:-
  • 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 can take the course?
Anyone who has an interest in learning more about this subject matter is encouraged to take the course. There are no entry requirements to take the course.

What is the structure of the course?
The course is broken down into 5 individual modules. Each module takes between 5 and 60 minutes on average to study. Although you are free to spend as much or as little time as you feel necessary on each module, simply log in and out of the course at your convenience.

Where / when can I study the course?
You can study the course any time you like. Simply log in and out of the web based course as often as you require. The course is compatible with all computers, tablet devices and smart phones so you can even study while on the move!

Is there a test at the end of the course?
Once you have completed all modules there is a multiple choice test. The questions will be on a range of topics found within the modules. The test, like the course, is online and can be taken a time and location of your choosing.

What is the pass mark for the final test?
The pass mark for the test is 70%. If you don’t pass the test first time you will get further opportunities to take the test again after extra study. There are no limits to the number of times you can take the test. All test retakes are included within the price of the course.

When will I receive my certificate?
Once you have completed your test you can log in to your account and download/print your certificate any time you need it.

How long does it take to complete the course?
We estimate that the course will take about 3 hours to complete in total, plus an additional 30 minutes for the end of course test.

Course Content

  • Module 01: What Is Employee Turnover and why is it an Important Concern?
  • Module 02: The Costs of Employee Turnover
  • Module 03: The Main Causes of Employee Turnover
  • Module 04: Turnover and the Hiring Process
  • Module 05: Reducing Turnover in Existing Staff

Course Detail

  • Course Access: Lifetime
  • Exams Included: Yes
  • Compatibility: All major devices and browsers

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

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.
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