article thumbnail

Understanding the Costs and Causes of Employee Turnover

Tom Spencer

Fitz–Enz (2009) , who coined the term ‘ROI of Human Capital’, also included costs such as: Reduced productivity – the learning curve effect posits that average production costs fall in a predictable manner with total accumulated production. Oswald et al (2015) claims that happiness leads to a 12% increase in productivity.

article thumbnail

The Data-Driven Case for Vacation

Harvard Business

days of vacation in 2015. In 2015 the unemployment rate was 5.3% (it was 9.7% in 1982), and yet 2015 had one of the lowest averages of time off taken in the past 30 years: 16.2 ” All of us are too steeped in a productivity culture to value doing nothing (which is why we, personally, struggle with our meditation practice).

Data 28
article thumbnail

How to Get Your Team to Use Their Vacation Time

Harvard Business

So if vacation has such a good ROI, why are people taking less and less of it? A 2015 HBR article by Ron Friedman is a treasure trove of facts about the benefits to reaction time, creativity, and engagement. In one study, researchers found that employees fear that their manager will think less of them for taking vacation.

How To 28