Major Project Coursework Example | Topics and Well Written Essays - 2000 words

Major Project - Coursework Example In addition, it affects businesses and government ministries across all countries in the world. Increased competition, which has been on the rise thanks to globalization and technological advancements, has led to increased employee turnover (Ucho, Mkavga & Onyishi, 2012). Globalization has increased demands on companies and for an organization to survive these pressures; it has to follow the best practices that ensure that its human resource is nurtured well. When the human resource is satisfied, chances are high that employee turnover would be reduced. It is worth noting that organizations must aim to trim down costs at all times and these include work force training as well as technological costs. Following increased employee turnover, it is impossible to cut the labor training costs because the organization would be on the lookout for new employees at all times. To replace an employee, an organization has to spend more than a third of the new employee’s salary according to United States Department of Labor. This leads to increased costs, which could be eliminated by reducing employee turnover (Chawla & Sondhi, 2011). According to Coomber & Barriball (2007), employee turnover is not an issue that affects the private sector alone; it also affects government ministries across the world. In Britain, National Health Service reports that the number of nurses who voluntarily leave their jobs per year is worrying. In 2003, nursing staff turnover was 9.4% in the country. Nurses play a critical role in the health of the public in any given country. Following the increasing number of people with chronic diseases, long life expectancy and advance in medical technology, the number of needed nurses is increasing every day. When the turnover is high, the remaining staff members are pressurized to cover the posts left vacant by the departed colleagues and this increases stress on the remaining staff. This in the end,