Turnover V/s Retention Turnover V/s Retention, Turnover and retention are two crucial concepts in human resources management that center around the movement of employees within an organization. Here’s a comparison between Turnover vs. retention: 1.Definition: Turnover: Turnover refers to the rate or number of employees who leave an organization within a specified period, typically… Read More »
Non Credit Certificate A non credit certificate is a certification that is award to individuals upon completing a specific course or program of study, but it does not carry any academic credit or contribute towards a degree. These certificates are typically offer by educational institutions, such as colleges, universities, or vocational schools, as a means… Read More »
Non Credit Certificate: A non-credit certificate is a certification awarded to individuals upon completing a specific course or program of study that does not carry academic credit towards a degree or diploma. Unlike credit-bearing courses, which contribute towards a student’s academic record and can transfer to other educational institutions. Non-credit certificates focus primarily on providing… Read More »
Turnover and Attrition No, turnover and attrition are not the same, although they are related to employee movement within an organization. Here’s an explanation of the differences between turnover and attrition: Turnover: Turnover refers to the rate at which employees leave an organization and are replaced by new hires. It is a broader term… Read More »
Importance of Turnover Importance of Turnover in business for several reasons: 1. Financial Performance: Turnover provides a measure of a company’s revenue generation and financial performance. It indicates the amount of money flowing into the business from sales of goods or services. High turnover generally suggests healthy financial performance, while low turnover may indicate… Read More »
Turnover Rate The turnover rate, also known as the employee attrition rate, is an important metric for organizations to monitor and analyze. Here are some reasons why the turnover rate is considered important: 1.Cost of Turnover: High turnover can be costly for businesses. When employees leave, there are expenses associated with recruiting, onboarding, and training… Read More »
How do I find out my UAN number from my PAN The UAN (Universal Account Number) is a unique identification number assigned by the Employees’ Provident Fund Organization (EPFO) of India exclusively to each account holder. If your UAN is not linked to your PAN in any way. Therefore, you cannot find out your UAN… Read More »