Employee Payroll And Training Budget: Case Study Of A Non-Teaching Healthcare Organization

Abstract

Employee turnover is a constant phenomenon faced by organizations. Some turnover is not only healthy, but also necessary for an organization, as it allows for an influx of new blood; however, high levels of turnover can be unhealthy for an organization. This study aims to calculate the employee turnover rate in a particular healthcare organization and compare it with the benchmarks provided in existing literature, and to discover potential reasons for the organizations high turnover. Available data from previous years were also analyzed to estimate the financial and non-financial losses of the organization. The study addresses and rates the importance of some of the most common factors that determine the overall satisfaction of employees, such as salary and other benefits, career opportunity and personal growth, and work life protocols, including policies and procedures, working environment conditions, supervisor behavior, and colleague behavior and support. The results of this research will be helpful for not only the healthcare industry, but also the overall corporate sector, because turnover can pose a serious problem and therefore needs to be promptly investigated and resolved.