Understanding Dysfunctional Turnover and Why It Matters
5HR02 – Talent management and workforce planning
This CIPD Level 5 video for unit 5HR02 – Talent management and workforce planning – explores how to explain the impact of dysfunctional employee turnover in assessment criteria AC 3.3. The video examines both direct costs, such as recruitment, selection, and induction expenses, alongside indirect costs including productivity loss, skills depletion, and reduced team morale. By understanding methods of measuring employee turnover and the financial implications of losing key talent, you'll gain practical knowledge to evaluate organisational performance and develop effective retention strategies.
Assessment Criteria 3.3
Explain the impact of dysfunctional employee turnover.
Indicative Content
Costs associated with dysfunctional employee turnover; methods of measuring employee turnover; direct costs such as recruitment and selection costs, time to process leaver and starter, induction and initial training costs; indirect costs such as loss of productivity by leaver and new starter, loss of skills, knowledge and morale in team, loss of return on any investment for the leaver.
What You'll Learn
Video covering: Understanding Dysfunctional Turnover and Why It Matters
About 5HR02 – Talent management and workforce planning
This unit focuses on the impact of effective workforce planning in considering the development of diverse talent pools and how to contract and onboard the workforce. It also includes analysis of the potential cost to the organisation if this is poorly managed and the tools and interventions required to mitigate this risk.
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