MHR 523 Lecture Notes - Lecture 10: Punitive Damages, Reuters, Yokohama Rubber Company

• School: Ryerson University
• Department: Human Resources
• Course: MHR 523
• Professor: Danielle Lamb

Document Summary

Turnover: the termination of an individual"s employment with the organization. Voluntary turnover: employee-initiated termination of employment (e. g. quits, retirements or resignations) Involuntary turnover: employer-initiated termination of employment (e. g. dismissal or layoff) Impact of turnover on the organization: voluntary turnover. Separation costs: the cost of exit interviews, administrative functions associated with turnover, and separation or severance pay. Vacancy costs: the net savings or cost incurred of increased overtime, the use of temporary workers, and the loss of sales associated with the vacancy. Replacement costs: the cost of recruiting and hiring a replacement to fill the vacant position. (including the performance differential between employees exiting the organization and their replacement. ) Increased pressure from competitors: declining profits, business downturn, organizational merger, new technology, reduce operating costs, decrease levels of management, getting rid of employee deadwood . Workplace poisoning: laid off workers bring the anger from last workplace to the next workplace.