Employee turnover, causes, the relationship between turnover and productivity and recommendations to reduce it

The issue of employee turnover is a challenge for any organization. One would think that during times of high unemployment, the turnover rate in most organizations would be at an all-time low, however, it is found that there is high rate of employee turnover in all companies and organizations. One of the famous aerospace companies in the Middle East has high rate in employee turnover and this article will be focused on the reasons for that issue and how it can be overcome or reduced as much as possible. Today’s competitive business world, it is considered to be an important task to manage employee turnover for any organization. Obviously people want varieties in his/her everyday life; looks for new and challenging jobs and good working situations in job place. To afford these things to the employees in an economic manner is very difficult. But it is also critical for any organization to keep its employees with high potentials and capabilities. Every organization or company aimed to have high productivity, fewer turnovers and to be cost-effective and profitable. Managing turnover successfully is a must to attain all goals. In Middle East, it is very important to manage turnover for both government and private sectors. Turnover rate also varies from manufacturing to service sectors. Not much research has been conducted related to turnover in Middle East so far. The owners of the business organizations do not focus on this important issue because of less awareness. They don’t have a comprehensive idea about how negative effect of turnover is on productivity of their organizations. Recently more researchers are doing research on turnover.