What is Labour Turnover? State the major causes of labour turnover.

Labour turnover refers to the rate at which employees leave a company and are replaced by new hires. It is a crucial metric in cost accounting as it directly impacts the costs associated with hiring, training, and productivity within an organization. Understanding the causes of labour turnover is essential for businesses to develop strategies to mitigate its negative effects and maintain a stable workforce.

Causes of Labour Turnover:

1. Low Job Satisfaction: Employees are more likely to leave their jobs if they are dissatisfied with various aspects such as compensation, work environment, management style, and job roles. When employees feel undervalued or unappreciated, they are more inclined to seek opportunities elsewhere.

2. Lack of Career Development: Employees seek opportunities for growth and advancement in their careers. When organizations fail to provide clear paths for career development, employees may feel stagnant and choose to leave in ______ ______ _____ _________ _____ __________ ______ _________ _________.
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