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What are the advantages & disadvantages of having high labour turnover?

April 26, 2017advantages Business corporations disadvantages Finance high labour turnover

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What are the advantages & disadvantages of having high labour turnover?

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A couple of advantages could be that wages are kept low due to starting rates, lessened risk on internal control due to fraud of people who know system’s risks, new ideas from varied employees, ready supply of alternate human resource, flexibility of management.