McElphyn Inc. set an objective to reduce employee turnover by 10% within the next year. How would this objective be categorized?  

is this a financial objective or a non financial objective, and tangible or intangible?

 

Employee turnover is the rate at which employees leave the organization. Therefore by reducing the rate of employee turnover you accomplish the following benefits:

• Decreased recruitment costs
• Increase in productivity
• Decrease in administration costs
• Increase in Revenues

The above benefits are a mix FINANCIAL as well as TANGIBLE benefits that come from reducing employee turnover. When you decrease the turnover rate that means you will have more physical/tangible employees to do the job and this will lead to financial benefits like increase in revenues since production increases.