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Managing For Employee Retention
Managing For Employee Retention
Managing employee retention and turnover
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In the past, Irontown Inc. has gone through the process of developing a short-term staffing plan and redeveloping their candidate assessment and selection procedures to better fill their customer service representative (CSR) positions. Now, they are wanting to develop a retention plan that will support their overall staffing strategy for their company. The new retention plan is vital because they have decided to retain their customer service department (CSD) internal, hopefully reducing their turnover rate by 20% per year over the next three years. If Irontown’s new retention program meets their objectives by the end of the first year, they are going to invest in a new CRM software program. Irontown’s HR department has requested the last 120 employees who left voluntarily to participate in an exit interview. They will collect data from these interviews, form focus groups, determine what the issues are, and then use this information to develop a retention plan that supports the overall staffing strategy of the company. While evaluating this case study, this author will take a look at the key and underlying issues, the facts that affect these issues, recommend a solution and a plan implementation, and conduct follow-ups. Key and Underlying Issues When Irontown looks at …show more content…
These follow-ups give them the chance to measure their results of employee turnover rate over the last 12-months, assess their process, and see if there are any improvements that need to be made to the program. The training, software upgrades, and their appreciation and recognition program can be evaluated by conducting surveys of the trainees and the current CSRs. They will allow Irontown to continue to observer the opinions and work conditions of their employees and make modifications
MILLERSBURG — A Millersburg man on Wednesday denied forcing his way into his ex-girlfriend's home in Feburary.
Employee motivation and rewards are effective means to retain employees. When an employee is motivated, his or her needs are being met. When an employee is unmotivated, his or her needs are not being met which results in a high employee attrition rate. Riordan Manufacturing is experiencing a high attrition rate. Riordan Manufacturing has 3 plants and employs 550 people. Recently, Riordan hired Human Capital Consulting to perform an analysis on the underlying issues that are causing the decreasing employee satisfaction and to recommend courses of action that will address the underlying issues. Research has been done to identify the issues and opportunities, the stakeholders and ethical dilemmas, and the end state vision. A gap analysis has also been performed to determine the gap between the current situation and the end state goals. Riordan Manufacturing will use this information to determine the best way to proceed towards improving its working environment for the employees.
Lengnick-Hall M.L.; Lengnick-Hall, C.A.; Andrade, L.S.; Drake, B. 2009. “Strategic human resource management: The evolution of the field.” Human Resource Management Review, 19, pp. 64-85.
Health administrators across the country face the dilemma of hiring the best employees and retaining them. The industry face trends in the workforce which is making recruiting difficult, turnovers rates are high, and are resulting in high costs. The administrators are facing heavy competition between their organizations and others to the point that retention of established employees is the first line of defense.
The performance appraisal system, In order to maintain productivity at its peak, employee performance and productivity were the keys to the company 's goal. Middle management (supervisors) maintained a "record-keeping duties". The employee performance evaluation was performed twice a year which focused on the criteria of quality, "dependability ideas and cooperation" and "output". Workers commitment to perform efficiently is highly practiced. Education policy has been a key to improved employees performance, thus, a welding school has been
If one considers how the location of the post secondary institution she attends will affect her career, she obviously must also consider what degree she wishes to pursue. There is a wide variety of career paths to pursue at Maryville; the university offers over 55 undergraduate degrees which are focused into 43 majors (“Maryville University of St. Louis Majors”). Maryville is well-known for having outstanding academic programs, and their Nursing Program stands out in particular. Maryville offers a Bachelors of Science in Nursing (BSN), a Masters of Science in Nursing (MSN), and a Doctor of Nursing Practice (DNP). They also offer various concentrations for the DNP, such as Family Nurse Practice, Pediatrics, and Adult-Gerontology Primary Care
Doortodoor Sports Equipment Company retains a higher percentage of employees in their Sales Part-Time (SP) and Assistant Sales Manager (ASM) positions. The company retains 60% of their SPs and 80% of their ASMs. While the organization retains 70% of their Regional Sales Managers (RSM), they lose 30% in turnover. The retention rate for RSMs is high, but the total number of employees in this position within the company is lower than other job categories resulting in the highest turnover rates in the company. The job category with the total highest exit rate is the Sales Full-Time (SF) category. The employees retained in this category amount to 50%. Within this category however, 10% of the employees trans...
High turnover rate of minorities and female employees has become a serious issue in the United States. Even though many ethnic races form this country, male Anglo-Saxons dominate the majority of the workforce. It is not uncommon for minority and female employees to leave their company after only working for a few years. Why has this behavior become a trend? In order to stop this trend, companies must ask themselves several questions. For example, what are the issues causing the high turnover rate? What legal and ethical issues are the companies facing? After these questions have been asked and processed, solutions must be implemented to change the flow of the trend.
To obtain a profitable target, Golden Village would need to make sure the profits are measurable. There are several factors that have placed Golden Village in the financial predicament. The current issues with CCRC are the location, the cost, and the reimbursement trends. Relocating could possibly increase the revenue for the CCRC, but a move would create a financial burden for Golden Village. The CCRC can look into renovating and improving the current CCRC to meet the needs of current and future residents. This will draw more residents to the facility and increase the margin for the CCRC. In comparison to the assisted living and independent housing units, Golden Village can match their prices with competitors in the market. Pricing can have
Recruitment becomes a greater challenge in organizations with high turnover due to the increased number of vacancies. Nationwide, only 14% of employees feel satisfied with their jobs (Clawson & Haskins, 2011). This lack of satisfaction can...
Employee satisfaction, employee turnover, and workplace environment are inseparably linked. Workplace environments heavily influence employee satisfaction, which directly affects employee turnover rates. When employees feel they are not being supported within their first months of hire, they will inevitably leave the company. Employees want to have the security that if they need assistance, someone will be there to guide them. Therefore, it is imperative for organizations to develop a thorough onboarding program and a long-term retention plan.
...t. This method would allow upper management to see the feedback as well as the success of the program and the improvements that can be made for the next training program. (Noe, 2013)
Reed, S. M., & Bogardus, A. M. (2012). PHR/SPHR: Professional in human resources certification study guide (4th ed.). Indianapolis, IN: Wiley Publishing, Inc. ISBN-13: 9781118289174
Customers First is a company that provides customer service for other companies. Small-to-medium-sized companies outsource their customer service function to Customers Firsts, which manages all customer service for their clients through a call center and also via an online customer service center. Customers First has grown quickly in the 5 years since the company president, started the company and now employs more than 150 customer service representatives and other support staff (Martocchio, 2016, p. 144). The Director of Human Resources identified significant HR issues in the areas of job analysis, job evaluation and current compensation structures. Job Analysis and Job Evaluation are the two important functions of Human Resource Management to know the characteristics of a particular position. Both the tasks are performed by an expert, to provide pertinent information about the two. Job Analysis is a process which determines job requirements while Job Evaluation ascertains the value of a job in relation to other jobs. Job Analysis is performed with an objective of obtaining relevant facts and details related to the job. Job Evaluation aims at systematically assessing the various job, in order to identify their respective worth in the organization (Surbhi, 2017).
Finding the right employees for an organization can be challenging. It is important to the success of a business to find the right people and once hired, retain them. Employee turnover can be very