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Employee attrition, employee turnover, and employee churn all refer to an employee quitting the job, and are often used as synonyms. For the first two terms, the difference is due to the context, i.e., the reasons for the employee leaving.
There are many factors that influence workforce availability and therefore the potential output of equipment and the manufacturing plant. OLE can help manufacturers be sure that they have the person with the right skills available at the right time by enabling manufacturers to locate areas where providing and scheduling the right mix of employees can increase the number of productive hours.
An alternative motivation theory to Maslow's hierarchy of needs is the motivator-hygiene (Herzberg's) theory. While Maslow's hierarchy implies the addition or removal of the same need stimuli will enhance or detract from the employee's satisfaction, Herzberg's findings indicate that factors garnering job satisfaction are separate from factors leading to poor job satisfaction and employee turnover.
Churn rate (also known as attrition rate, turnover, customer turnover, or customer defection) [1] is a measure of the proportion of individuals or items moving out of a group over a specific period. It is one of two primary factors that determine the steady-state level of customers a business will support.
Boeing could also use workforce attrition, selective hiring and sales of subsidiaries to reduce workforce. Boeing shares gained 2.6% to close at $143.87 on Monday. In October, Boeing's new CEO ...
"An Analysis of Sample Attrition in Panel Data: The Michigan Panel Study of Income Dynamics" (PDF). Journal of Human Resources. 33 (2): 251–299. doi:10.2307/146433. JSTOR 146433. Wooldridge, Jeffrey M. (2010). Econometric Analysis of Cross Section and Panel Data. Cambridge: MIT Press. pp. 837–842. ISBN 9780262296793
Workforce productivity is the amount of goods and services that a group of workers produce in a given amount of time. It is one of several types of productivity that economists measure. Workforce productivity, often referred to as labor productivity , is a measure for an organisation or company, a process, an industry, or a country.
Workforce Sciences is an area of workforce measurement and management designed to streamline hiring of personnel in organizations. An emerging discipline, it focuses on the empirical determination of the workforce and business impact of the people side of business -- in order to help organizations find the "ideal" set of employees.
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