The Labour Turnover ChallengeEssay Preview: The Labour Turnover ChallengeReport this essayThe labour turnover challenge[pic 1]You up for it punk?[pic 2]Take the following industries and identify which have the 2 highest rates of turnover.  Which have the 2 lowest rates of turnover? AgricultureConstruction EducationFire and policeIT IndustryHealth services Hotels and restaurantsManufacturingMining and extractionRetailUtilitiesWhy did you makes these guesses?labour turnoverLabour turnover is a major issue for most employers – it imposes costs of them that they are keen to avoid. The 1999 Institute of Personnel and Development Labour Turnover Survey offers useful insights into the strength of the labour market and the sectors where a rapid turnover of workers creates inevitable problems. It covers 706 organisations with a combined workforce of 1.2 million employees.
[pic 3]The annual rate of turnover for the whole economy has remained fairly stable at around 20%. But beneath this figure there are large variations in turnover rates across occupations and industries. Key points from the surveyTurnover is highest among workers in the wholesale and retail trades, hotels, restaurants and leisure sectors. This is hardly surprising given the low average wage rate on offer to employees in these jobs.Over one third of craft and skilled manual workers changed their jobs last year – the turnover rate for this group of workers has more than doubled in the last two years. The loss of jobs in manufacturing industry over this period has forced many of these workers out of their current jobs. Many have joined the ranks of the structurally unemployed.
To further the trend of automation for the retail and wholesale industries, we also conducted an analysis looking at how turnover for skilled manual and part-time manufacturing workers in the industry has changed over the last two years over the “other industries”. The findings of this report were as follows:• During the first 9 months from January to June 2016, there were a total of 2,611 employees in the retail and supply chain industries in a total of 5,858 jobs in the wholesale and retail trade.• There was an increase of 3.5% over that time period as workers across all industries experienced a 3% decrease in turnover.• The overall manufacturing sector in the second quarter of 2016–the most productive quarter of the year since the second quarter of 2007–appeared to have experienced a decrease in the turnover of workers across all industries and even reached an all-time high of 15,000 workers. The increase was also accompanied by an 18% increase in total managerial, data-driven employment levels across all industries during the second quarter of 2016.• The industrial industry turnover rate in 2016 was lower than during the second quarter of 2014.• Manufacturers have faced higher turnover rates than previous quarter, largely because of manufacturing-related automation. However, turnover levels also saw the highest growth during the recent quarter.
Automation remains a key tool of the American economy and in many sectors, especially in the retail and supply chain industries, as it enables us to capture the best quality of goods in the marketplace and is making the quality of our service available to our workers. To achieve the potential of automation and to create a more modern working productivity force, we seek to help the American people manage their labor force more efficiently. For this reason alone, we are committed to working with state governments and other localities to advance innovative solutions to address these challenges as part of our shared goal to create an economy where the working families and the middle class are united.”,”website”:”https://robio.amazonaws.com”,”socialName”:”http://www.amazonaws.com”,”isOrganicOrganic”:”N”,”type”:”Organic”,”images”:{“as”:{“isOrganic”:”N”,”categoryKey”:”Retail”,”source”:”The Wednesday PostN, The Wednesday PostN, The Weekly ReportN, or “The National Socialist Movement