Collective Employee Turnover and Organizational Performance in Banking

James

Collective Employee Turnover and Organizational Performance in Banking
Format
Paperback
Publisher
Tredition Gmbh
Published
12 June 2024
Pages
220
ISBN
9783384258281

Collective Employee Turnover and Organizational Performance in Banking

James

This title uses clear and concise language to capture the reader's attention. Here's a breakdown: - "High Turnover, Low Performance" This paints a direct picture of the negative correlation between employee turnover and organizational success. - "The Banking Industry's Revolving Door" This creates a vivid metaphor to illustrate the ongoing cycle of employee departures in the banking sector. We can delve deeper by exploring the specific consequences of high turnover in banking: - Loss of Expertise: Experienced employees leaving the bank take valuable knowledge and skills with them, impacting efficiency and the quality of service. - Training Costs: The constant need to recruit and train new employees increases operational costs and can disrupt overall workflow. - Customer Dissatisfaction: Inconsistent service and a lack of familiarity with customer accounts can lead to frustration and customer defection. The title effectively frames employee turnover as a significant concern for the banking industry, suggesting a need for exploring solutions to retain talent and enhance organizational performance.

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