The correct answer is D. Both of the above.
Labour turnover is the rate at which employees leave a company. It is calculated by dividing the number of employees who leave the company during a given period by the average number of employees during that period. Labour turnover can be voluntary, when employees leave of their own accord, or involuntary, when employees are fired or laid off.
There are a number of reasons why employees might leave a company. Some common reasons include:
- Dissatisfaction with pay or benefits
- Lack of opportunities for advancement
- Poor working conditions
- Dissatisfaction with management
- Personal reasons, such as relocation or family obligations
Labour turnover can have a number of negative consequences for a company. It can lead to increased costs, as the company has to spend time and money recruiting and training new employees. It can also lead to a loss of productivity, as new employees may not be as productive as experienced employees. In addition, high labour turnover can damage a company’s reputation, as it may be seen as an unstable or undesirable place to work.
There are a number of things that companies can do to reduce labour turnover. These include:
- Offering competitive pay and benefits
- Providing opportunities for advancement
- Creating a positive work environment
- Investing in employee training and development
- Addressing employee concerns promptly and effectively
By taking these steps, companies can reduce labour turnover and improve their bottom line.