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This book is centred on the impact of the Employment
equity Act on the retention of staff in the
financial sector. Attention will be given to the
benefits of staff retention to the organisation and
the broader economy. As a global problem, minimizing
employee turnover now ranks with finding new
employees as one of the toughest challenges in a
talent-scarce economy. Holding on to the best people
in the organisation is of importance to
organisations and their future, especially taking
into account the state of the current global economy.
Staff turnover occurs a few times in a year, pushing
up the recruiting costs significantly. The primary
aim of these institutions would be to ensure bigger
profits year on year, hence their concern with
regard to the impact of high staff turnover on the
company s bottom line.
In general, high staff turnover has an impact on
many aspects within a particular institution,
ranging from company culture, recruitment costs,
skills and expertise, to name but a few. Getting
answers to these questions could be of benefit to
both the academic community as well as the South
African financial sector.
equity Act on the retention of staff in the
financial sector. Attention will be given to the
benefits of staff retention to the organisation and
the broader economy. As a global problem, minimizing
employee turnover now ranks with finding new
employees as one of the toughest challenges in a
talent-scarce economy. Holding on to the best people
in the organisation is of importance to
organisations and their future, especially taking
into account the state of the current global economy.
Staff turnover occurs a few times in a year, pushing
up the recruiting costs significantly. The primary
aim of these institutions would be to ensure bigger
profits year on year, hence their concern with
regard to the impact of high staff turnover on the
company s bottom line.
In general, high staff turnover has an impact on
many aspects within a particular institution,
ranging from company culture, recruitment costs,
skills and expertise, to name but a few. Getting
answers to these questions could be of benefit to
both the academic community as well as the South
African financial sector.