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The Human Resources Institute of New Zealand

Human Resources Institute of New Zealand (HRINZ) is the professional body for those involved in Human Resource Management and the development of people.

HRINZ represents the interests of 3,000+ individual members who make up around 45% of the known New Zealand HR market. Read More

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Turnover refers to human resource movement within organisations, that is, employees moving from job to job through transfer, promotion or relocation.  It is in this that we can see the effectiveness of HRM programmes and activities.

Turnover analysis can provide HR managers with useful information about the likelihood of the future labour supply and the required skills, competencies and experience.

Effective management of turnover can identify problem areas and help HRM to develop to suitable strategies.

With regards to the dollar figure on what staff turnover costs New Zealand businesses, this is quite difficult as it varies from company to company depending on the level of position and industry you looking at. It is generally considered a rule of thumb that losing a member of staff who has been employed in your organisation for a minimum of 12 months will cost you three times their salary.

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Disclaimer: This information has been written for and submitted to HRINZ for publication and has been published in good faith for the general information of HRINZ Members of the Institute. HRINZ accepts no legal responsibility for the contents of the Knowledge Base and appropriate professional advice and assistance should be sought in particular cases.

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