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Table 2 Potential Organisational Costs and Benefits of Staff Turnover

From: Reviewing The Benefits of Health Workforce Stability

Costs

Benefits

   Loss of Experienced staff

   'New Blood'

   - Lost Knowledge

   - New Knowledge

   - Decreased Morale

   - Improve Morale

   Constraint on Quality/Level of Service

   Allows Career Progression

   Separation Costs

   Increase in Organisation Flexibility: e.g. skill mix change

   Temporary Replacement Costs

   Opportunity for Cost Reduction/Consolidation

   Recruitment Costs

   Decrease in other 'Withdrawal' Behaviour eg Absenteeism

   Induction/Training Costs

 
  1. Source: adapted from (3)