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March 2016
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Is Turnover Really Such a Bad Thing?
Monday, February 22, 2016

Turnover is considered a bad thing in boardrooms across the country, but in the modern workplace, the average employee tenure is dramatically shrinking. A decade ago it was perfectly normal, expected even, for employees to stay with a company for the duration of their career; however, this is no longer the case. That’s why the best managers aren’t looking at turnover as an indicator of failure, but rather as an opportunity to build the best possible team. While it’s true that this new willingness to “try people out” often results in high turnover rates, many leaders are no longer viewing this as a problem. Oracle founder and CEO Larry Ellison says that his hiring practices have resulted in unusually high rates of employees being let go or transferred, but he says this is what it takes to create the best possible team. The acceptance of employee churn may seem off-putting, but many forward-thinking bosses are actually making it part of their talent development strategy. In today’s workplace, which values creativity over stability, trying to hang on to employees just for the sake of stability can hurt more than it helps.

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