Skilled Vs. Unskilled Employees
Unskilled positions often have high turnover, and employees can generally be replaced without the organization or business incurring any loss of performance. The ease of replacing these employees provides little incentive to employers to offer generous employment contracts; conversely, contracts may strongly favour the employer and lead to increased turnover as employees seek, and eventually find, more favorable employment.
However, high turnover rates of skilled professionals can pose as a risk to the organization due to the human capital loss in the form of skills, training, and knowledge. Notably, the specialization of skilled professionals makes them more likely to be re-employed within the same industry by a competitor. Therefore, turnover of these individuals incurs both replacement costs to the organization as well as resulting in a competitive disadvantage to the business.
Read more about this topic: Turnover (employment)
Famous quotes containing the words skilled, unskilled and/or employees:
“As they move into sharing parenting, men often are apprentices to women because they are not yet as skilled in child care. Mothers have to be willing to teach fathers—both by stepping in and showing and by stepping back and letting them learn.”
—Nancy Press Hawley. Ourselves and Our Children, by Boston Women’s Health Book Collective, ch. 6 (1978)
“Whoever grows angry amid troubles applies a drug worse than the disease and is a physician unskilled about misfortunes.”
—Sophocles (497–406/5 B.C.)
“I have said many times, and it is literally true, that there is absolutely nothing that could keep me in business, if my job were simply business to me. The human problems which I deal with every day—concerning employees as well as customers—are the problems that fascinate me, that seem important to me.”
—Hortense Odlum (1892–?)