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August 21, 2009
New initiative sees Palabora's staff turnover decline from 42% to 10% in two years
The rising consumption of commodities in a shrinking global village has brought with it many business challenges, with the retention and attraction of key skills in the mining sector being a focal point in maintaining a competitive edge, states JSE-listed copper-miner Palabora.
After a 42% turnover of critical skills in 2007, the company decided to introduce its employee value proposition in June last year. Palabora human resources executive Percy McCallum says that the proposition proved very effective. "Compared with the 42% turnover in 2007, the company's turnover dropped to 18% in 2008 and, up to June this year, to a mere 10%."
Posted by StaffWriter at August 21, 2009 10:35 AM