Calculating the cost for employee turnover in the IT industry in Macedonia by using a web calculator

Sanja Mitrovska () and Ljupco Eftimov ()
Additional contact information
Sanja Mitrovska: Ss. Cyril and Methodius University in Skopje, Republic of Macedonia
Ljupco Eftimov: Ss. Cyril and Methodius University in Skopje, Republic of Macedonia

Journal of Human Resource Management, 2016, vol. 19, issue 1, 24-33

Abstract: The little meaning, which Hr managers attach to managing the rate of employee turnover, is mostly cause by the lack of specific tools to calculate its impact on the profitability of the companies. This paper presents a universal calculator for calculating the cost of employee turnover, which can be used in developing various effective retention strategies. More precisely, the research focuses on the expense of turnover rate in the IT industry in the Republic of Macedonia, calculated using a web calculator specifically designed for this purpose. This web calculator can be used to compute the cost of employee turnover in any industry, with appropriate minor modifications and adjustments of its elements.

Keywords: employee turnover; IT industry; costs calculation; web calculator; Macedonia (search for similar items in EconPapers)
JEL-codes: J30 J63 M12 M54 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jhrm.eu/2016/04/24-calculating-the-cost ... sing-web-calculator/ (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cub:journl:v:19:y:2016:i:1:p:24-33

Access Statistics for this article

More articles in Journal of Human Resource Management from Comenius University in Bratislava, Faculty of Management Contact information at EDIRC.
Bibliographic data for series maintained by Anna Lasakova ().