Cost of turnover on an organization
As we have learned about the cost of turnover on an organization and strategies to retain talent, discuss the following:
How is employee turnover both a positive and negative force on a firm?
Under what conditions does it make sense for an employer to retain an employee who is being raided by a competitor?
What counteroffer policy would you advocate as an employer and why?
Describe how an employer can avoid the holdup problem of employees leaving with firm-specific human capital?
Try to find this text if possible.Chapter 4 should have the answers to the questions:
Lazear, E. P., Gibbs M. (2015) Personnel Economics in Practice, 3rdEdition,
New York: John Wiley & Sons, Inc.
Requirements: Answer all questions fully
How is employee turnover both a positive and negative force on a firm? Under what conditions does it make sense for an employer to retain an employee who is being raided by a competitor?
