Does low employee turnover stifle innovation?

Abstract

A company with employee turnover as low as 1 percent a year is in danger of suffering from too little experimentation and innovation. Framatome Cogema Fuels (FCF) is the business component of Framatome Technologies Group (FTG), which designs, manufactures and analyses nuclear fuel and components for the nuclear‐fuel industry. FCF, based in Virginia, USA, employs around 400 people, mainly in engineering and manufacturing. Most of the employees were hired after college graduation, with little professional experience. As a result, they were quickly absorbed into the company culture, but they also brought fewer ideas from other companies from which FCF could learn.

Citation

(2002), "Does low employee turnover stifle innovation?", Training Strategies for Tomorrow, Vol. 16 No. 5, pp. 16-18. https://doi.org/10.1108/13697230210816169