can sell at lower prices and still make good profit
An unusually high Inventory Turnover Ratio compared to Industry could mean a Business is losing sales because of inadequate stock on hand.
The asset turnover ratio is used to calculate how effectively a company is using it's assets to encourage production. If the asset turnover ratio is high, the assets are being used effectively. If the ratio is low, the assets could be used more productively to facilitate production.
There are no advantages of labour / staff turnover. Staff turnover is the decrease in the amount of employees you have in your business. Presence of staff turnover indicates employees are leaving your business for some reason. There are no advantages of labour / staff turnover.
Monthly turnover refers to monthly change. It can be associated with employee turnover or inventory turnover. Managers may use the term to refer to other things as well.
Labor turnover is the ratio of the number of workers replaced to the average number of workers employed during a given time period.
Union labor is usually a group with a low turnover. One advantage of a low turnover is that the labor force is better paid and more motivated to do a good job.
Sheila Rothwell has written: 'Labour turnover' -- subject(s): Labor turnover
Sprint/Nextel is facing problems with high turnover
High turnover rates in prisons are commonly referred to as "staff turnover" or "correctional officer turnover." This can have negative effects on the overall functioning and security of the prison.
Some advantages of labour turnover are that if there are not enough employees doing there jobs than that causes them to be fired.
Mary Bartlett Dahl has written: 'Safety through management leadership' -- subject(s): Accidents, Prevention, Occupational diseases 'The ABC of absenteeism and labor turnover ..' -- subject(s): Absenteeism (Labor), Labor turnover
Tom Krebs has written: 'Human capital risk, contract enforcement, and the macro economy' 'Self-employment and labor turnover' -- subject(s): Labor turnover, Self-employed
Presley T. Creery has written: 'Reducing labor turnover in financial institutions' -- subject(s): Banks and banking, Employment stabilization, Financial institutions, Labor turnover, Personnel management
Marcy Whitebook has written: 'Taking on turnover' -- subject(s): Day care centers, Labor turnover, Personnel management
Magnus Hedberg has written: 'The process of labor turnover'
An effective reward system will slow turnover. The right incentives will encourage employees to remain loyal to the firm and increase their productivity.