What are the rotating door?
The theory of "swivel doors" concerns the continuing turnover of employees in the business world. Employees are hired to perform certain tasks, and for various reasons they become dissatisfied and look for jobs with other companies that have more attractive benefits. Sometimes the individual simply wants more money, more recognition or better work environment. In the political context, the "rotating door" concerns the practice of elected government employees who leave public service to work in the private sector, which often causes a conflict with their previous role. If unemployment is high, it is less likely that employees will look for a new job. However, with the improvement of the economy, those employers who are not interested in rotating doors will be unfavorably affected because employees are looking for a more satisfactory job.
When an employee's work, turnover can cost the company 25% to 150% of the employee's salary. Companies can perform cost analysis to get a better sense of turningno cost of door for your business. Turnover costs come from four main areas: transition, lack of productivity, hiring a new employee and training a new employee. Human resources advisors and advisors have noted that many employers do not have an accurate understanding of the potential cost of turnover or their contribution to the revolving door.
The cost of crossing the rotary door includes output interviews, remuneration and benefits. The company also suffers from a lack of productivity until the work is fulfilled and may have to divide responsibilities among others until someone is hired. This often causes other employees to burn when too much work is expected. Thje escalate the rotating door if these workers are also looking for a more satisfactory job. In order to prevent the door from turning, employers can explore SPOking work at least once a year to support communication to improve employees' circumstances and ensure that employees are aware of the responsibility of the expected from their positions.