How Employee Turnover Affects Career Success and Firm Performance in China

I discuss how employee turnover affects career success and firm performance in China. Based on the literatures the model about employee turnover, career success and firm performance is built. From the model it is found that employee turnover brings to employee input diminishing that could produce employee pay loss and cut down firm profit because of immature labor market in China. To verify the view, I give a demonstration based on data in which the result is consistent with the above theory. From the conclusion, the proposals are as follows: an employee should reduce turnover to avoid market risk, and a firm build the cohesion culture to attract its employees, and the government should establish the perfect labor market for employees.