Where there is high voluntary turnover, managers often face difficulty in finding replacement workers. If you are a manager in a high–voluntary turnover situation and one of your workers decides to leave, you will likely find yourself on the market, fighting to replace the talent that just left. A high-voluntary turnover problem also usually means difficulty in finding and hiring replacements.
a. An alternative to trying to hire scarce talent is to grow your own. That is, an organization may decide to provide training and development opportunities to current workers in order to development needed talent. What are the advantages and disadvantages of this approach?
b. Do you think internal development of talent would also have an effect on voluntary turnover? Why? What would be the downside?
c. Do you know of or can you locate any companies that focus on internal development? Does it seem to be effective? Share your conclusions and findings with the rest of the class.