Learning Goal: I’m working on a management question and need an explanation and answer to help me learn.
As we have learned about the cost of turnover on an organization and strategies to retain talent, please discuss the following:
- How is employee turnover both a positive and negative force on a firm?
- Under what conditions does it make sense for an employer to retain an employee who is being raided by a competitor?
- What counteroffer policy would you advocate as an employer and why?
- Describe how an employer can avoid the holdup problem of employees leaving with firm-specific human capital?
Try to find this text if possible.Chapter 4 should have the answers to the questions:
Lazear, E. P., Gibbs M. (2015) Personnel Economics in Practice, 3rdEdition,
New York: John Wiley & Sons, Inc.
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