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Types of Turnover
Reduction in Force (RIF)
Your business leader calls an important meeting with you. Business is tough right now and hard decisions need to be made. They have come to you to discuss a reduction in force. Where do you even start?
Voluntary Turnover
Shock and disbelief: your best employee has submitted their resignation. How can you prevent this from happening? Read on to learn the primary causes of voluntary turnover, how to calculate it, and tips on how to prevent it.
Layoff
Having to lay off some portion of your workforce is difficult for the company, for you, and of course for the employees involved. Why would you need to do this, and how would you handle it? Read on to get those questions answered.
Rightsizing
Every company must plan for and react to changes in their industry. You should often ask yourself, do I need more or less staff to meet my current demands? Here you will find out the difference in downsizing and rightsizing and how to accomplish appropriate staffing decisions that will enable you to remain competitive in your industry.
Involuntary Turnover
What is involuntary turnover, and how does it compare to voluntary turnover? Although involuntary turnover can be difficult to manage, having a thorough understanding of it will help you reduce risk at your company. Continue reading to learn how you can identify various types of involuntary turnover, how to calculate it, and different methods you can use to decrease involuntary turnover.
Furlough
Furlough may not be a familiar word or concept to you. What is it? How is it different from simply terminating employment? Let's consider the pros and cons to consider in the decision between laying off or furloughing employees, and making the best of a difficult situation.
Employee Termination
It's an HR task you may dread: to fire someone. But as an HR professional, you will often be the one to inform an employee that their employment has ended. Is there a right way to do it? Absolutely. Is it an easy conversation to have? Never.
Wrongful Termination
Firing anyone is difficult. When you add in the potential for wrongful termination, it can be even more complicated and scary. As an HR professional, you are tasked with ensuring that the company isn’t breaking any laws in general, and that includes termination. We will discuss what wrongful termination is and how to make sure you are compliant with all federal and state regulations.
Employee Resignation
An employee's resignation involves more than just turning in a security badge. Do you know how soon an employee needs to be paid after they resign? Do you know why the employee is leaving? Keep reading to find out the reasons behind why employees resign and to learn a few tips on how to begin developing your employee resignation process.
Firing an Employee
Have you faced your first termination yet? No one likes this part of HR, but conducting them well (and/or teaching your managers to do so) is an important skill. You need to keep your actions legal, ethical and defensible. It’s often difficult to predict how smoothly the process will go, but even the most experienced professionals confirm that a little planning goes a long way in both mitigating risk and making a difficult event go well for all parties involved.
