Evaluation of measures to reduce employee turnover in Slovenian organisations

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dc.contributor.authorBuzeti, Jernej
dc.contributor.authorKlun, Maja
dc.contributor.authorStare, Janez
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2016-03-09
dc.date.available2016-03-09
dc.date.defense2016-03-09
dc.description.abstractThis paper provides an estimate of the costs of reducing employee turnover and an estimate of the costs of employee turnover in Slovenian companies. The study included all economic activities, and in this respect it is one of the few studies that focus on the complete economy of an individual country. The study estimated two groups of costs; namely, the costs of employee-preferred measures for reducing employee turnover rates in organisations and the average costs of replacing an employee in an organisation. When evaluating the costs of employee-preferred measures we mainly wanted to evaluate the costs of subsidising informal meetings, bonuses for the continuity of employment and bonuses for workplace attendance. Most other measures preferred by employees are of a non-financial nature, except for promotion, which we did not evaluate specifically as it is primarily part of the company‘s employment and job diversity policy. In estimating the costs of employee turnover we focused only on the costs of hiring a new employee: the cost of replacing an employee and the cost of introducing the new employee. Using several assumptions the estimated total cost of employee turnover in Slovenia ranges from €2.2 million to €3.4 million per year in year 2011.In addition to the estimations of both groups of costs, this paper also provides a comparison of evaluations of selected measures for reducing employee turnover as perceived by employees and employers. We arrived at important conclusions, as it turned out that employers give higher ratings to financial measures, while employees give higher ratings to non-financial measures.en
dc.formattext
dc.format.extent121-131 s.cs
dc.identifier.doi10.15240/tul/001/2016-1-009
dc.identifier.eissn2336-5604
dc.identifier.issn12123609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/13610
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectcommercial banksen
dc.subjectcustomer satisfactionen
dc.subjectcustomer satisfaction determinantsen
dc.subjectcustomer loyaltyen
dc.subjectcross-sellingen
dc.subjectbanks´ additional incomeen
dc.subject.classificationJ24
dc.subject.classificationJ30
dc.titleEvaluation of measures to reduce employee turnover in Slovenian organisationsen
dc.typeArticleen
local.accessopen
local.citation.epage131
local.citation.spage121
local.facultyFaculty of Economics
local.fulltextyes
local.relation.abbreviationE&Men
local.relation.abbreviationE+Mcs
local.relation.issue1
local.relation.volume19
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