Employee turnover: review of the problem. Part 1. Economic and mathematical models of top management turnover

The paper presents a literature review on employee turnover. Analysis of 26 papers allowed to present various models revealing, firstly, reasons for turnover, and, secondly, consequences of turnover. The unequal distribution of the researches on turnover with the shift to Europe and the US is highlighted. The features that distinguish the turnover among different countries, industries and companies types are mentioned. Finally, the conclusions on the perspectives of the research domain development and possible ways of future researches are made.