Effects of Employee Turnover on Organization Performance - Article Example

DiscussionIn this regard, it can be affirmed that the role of staffing is considered to be extremely vital for any organization in order to attain greater competitiveness within an industry and reduce the turnover rate. The recruitment, selection along with the hiring of skilled and competent candidates with an organization can largely ensure the success and enhanced performance of the organization which in turn can enable it to attain greater sustainability (Ployhart, 2011). Performance management is another important aspect that drives worker behaviors to align with the goals and objectives of an organization.

Efficient performance management facilitates an organization to develop and foster its employees (Resurreccion, 2012). It has been observed that monetary and non-monetary incentives along with compensation can largely facilitate an organization to foster and retain skilled employees. If adequate and on-time compensation is offered to employees then it can motivate them to render sustained dedicated efforts towards the accomplishment of organizational goals and objectives. This, in turn, can enable to reduce the rate of employee turnover by a considerable extent (Agba &Ushie, 2010).