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Review of literature on employee retention
Employee retention a review of literature
Introduction to the study of employee retention
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1.1.1 Personal Care Products
CavinKare offers a wide variety of highly differentiated products under Personal Care Segment.
Serial Number Segment Products
1 Hair Care Chik Shampoo, Karthika Shampoo, Meera Shampoo, Nyle Naturals Shampoo, Indica Hair Colourant, Nyle Naturals Henna, IndicaCreme Colours, Meera Coconut Oil
2 Ethnic Care MeeraHairwash Powder, KarthikaHairwash Powder
3 Skin Care Fairever, Spinz Talc, Spinz Deodorants
Table 1.1.1 Personal Care range
1.1.2 Professional Care Products:
Serial Number Segment Products
1 Hair Care Pro10 Express, Pro Botanix
2 Skin Care Facial Kits, Detan
3 Spa Massage Oils Anti Dandruff Head massage Oil, Cooling Head Massage Oil, Pain relieving body massage oil, relaxing body massage oil, cleansing
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Two successful saloon chains Green Trends and Limelight run under Trends in Vogue.
1.2 Manufacturing Facilities
The Haridwar Plants:
There are two plants in Haridwar where all personal care products are manufactured, that includes Shampoos, Lotions, Creams, Hair wash powders, Hair colourants and Talcum powder. The plant is environment friendly with a productive waste management system.
The Puducherry
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Meghan et al (2002) states that employee turnover is vital element that influences the very existence and triumph of the organisation. He continues to state that this is not palpable and is difficult to replicate, therefore it is the responsibility of the manager to control high turnover.
Firth et al (2007) tries to examine the underlying causes of turnover, he puts forth a range of factors like Stress at work, dearth of employee commitment, Job dissatisfaction which cause the employees to leave.
Wanous(1992) showcases that new employees leave the company because their expectations are not fulfilled which nullifies the psychological contract leading to turnover.
Abassi et at (2000) state that faulty recruitment practises, management style, working environment, lack of competitive pay package that results in employee exit. Louis (1980) concludes that turnover occurs as new employees compare their past work experiences with the present work experience. They set up expectations when not met resulting in employee
With the high rate of turnover, we would need to find a way to lower that and make sure the employees are feeling like they are valuable members of the business. I predict that I would find out that the employees don’t feel that they are treated well enough and getting rewarded for their liking. I think that they feel undervalued and disrespected and that causes the high turnover. I would recommend to the executives that they sit down and meet with their employees and figure out ways to better the relationship between management and the
Examples include rumination of an employee due to drug use and layoffs during times of downturn (Noe, Hollenbeck, Gerhart, & Wright, 2014, p. 305). Voluntary turnover is turnover initiated by the employee, often when the organization would prefer to keep them (Noe, Hollenbeck, Gerhart, & Wright, 2014, p. 305). Examples of these are employee retirement, or when an employee takes a job at a different organization. Both turnovers are costly to the organizations, training new hires takes time and money and replacing those works is expensive. Employees that left because of extreme job dissatisfaction can deliver bad publicity and shine an unfavorable light towards the organization in which the employee
The cause of this is that job satisfaction is a primary cause for employee turnover and lack of work effort or involvement. Remember the Exit, Voice, Loyalty and Neglect Model (EVLN)? EVLN is a template that identifies ways that employees respond to dissatisfaction. Another cause is poor company culture. YakkaTech has a highly rigid organizational structure that creates an organizational culture surrounding individual work.
Oil. We specialize in wide range of oils which are used for Body Massage, Joint pains, Skin Diseases, Sinusitis, Blemishes, Dark Circles, Hair Fall, Dandruff Etc. Please refer to the enclosed catalogue for
...r Turnover’ the turnover cost in the US is very high and require to be contained.
This case study was about the president of Bubba Gump Shrimp Company, a restaurant chain specializing in seafood, whose practice structure and secret to success was to have and maintain minimal management turnover. In fact, his focus on turnover was so successful that he did not have a general manager leave for 3 years, and he has decreased management turnover from 36% to 16% in 2 years. The motivation of an organization’s employees significantly affects it success. Additionally, employee turnover, absenteeism, and tardiness weaken employee productivity.
Employee turnover costs are very costly to a company. Turnover not only affects the bottom line but also affects the company’s morale. We are analyzing the problems within our company that are causing our employees to become unsatisfied with their job. Then we are going to find solutions. And then do the cost estimates of the turnover costs and the turnover savings after our solutions are implemented.
The economists like March & Simon in 1958, Burton & Parker in 1969, Stoikov & Raimon in 1968, and Pencavel in 1970, explained the turnover from the perspective rational decision-making based on cost/benefit analysis (Stags & Dunton, 2012). Nonetheless, their description of turnover was too narrow. They additionally ignored explanation of the turnover process (Rodger, Griffeth, Peter, & Hom, 2004). While, sociologists focusing on work structure, and psychologists like Lyons in 1968 and Farris in 1971, pointing to employee anticipations and behavioral commitment (Stags & Dunton, 2012). Whereas, nursing turnover researchers have utilized all three views but more emphasize on work environment and psychological aspects (Stags & Dunton, 2012).
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...
The main problem the company is facing nowadays is the high turnover ratio closed to an average of 30% on the past three years. The fact that the company is based in an area where many of its closest competitors have offices facilitates employee’s movements from one job to another. This high turnover is mainly affecting positions among the electrical engineers in the R&D department.
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.
Voluntary and involuntary turnover have an effect on organizations. Rapid changes in job descriptions, organizational structures, and inter-organizational competitiveness increase the importance of studying turnover and its relationship with organizational change. According to Leana and Van Buren (1999), "the loss of key network members can severely damage an organization 's social fabric and perhaps eradicate its social capital altogether." When businesses lose a high number of employees, problems can occur, costing the company time and money. Some of the costs incurred are associated with training, drug testing, physicals, and orientations to hire replacements that may take several months to learn the job and to achieve competency. There is a saying, “Good help is hard to find---and harder to keep”. This saying refers to good organizations trying to reduce turnover when the competition for retaining good employees is intense.
Hail oil, the one of the beauty regimes is an intrinsic part of Ayurvedic heritage and widely practiced across age groups for nourishing and grooming in India [1]. It provides nourishment for quicker and enhanced growth and also used in disorders of dandruff, hair fall and dryness. Further regular application of hair oil moisturizes the scalp, provides luster & shine to hair, resistant to breakage and also act as a medium to supply essential nutrients to the hair root for their proper growth. The contemporary inventions indicate that different types of chemical shampoo, conditioners, dyes, hair straightening and styling and other accessories applied on hair for cosmaceutics are damaging more than improvement. Hair Care industry approximately have the 8% share in FMCG (Fast-moving consumer goods) market in India [2] and among them share of hair oils is close to 50%. The growth rate of hair care industry is also slightly higher (14%) than the industry average of 13.4% [3] and branded hair oil market has grown by 0.7%. Furthermore, annual sales of Kesh king, hair oil brand was and expanding at a compound annual growth rate
Employee turnover in organization is one of the main issues that extensively affect the overall performance of a workplace (Tariq, Ramzan and Riaz, 2013). Various studies show that employee turnover negatively affect the overall efficiency at the organization (Tariq, Ramzan and Riaz, 2013). Xiancheng, (2013) mentioned the employee turnover is a method of personal issues who decided to stop associate with the company for better advantage. There are two types of turnover which are voluntary and involuntary turnover. Voluntary turnover can be defined as the termination of the official and the psychological contract between the employee and employer (Krausz, 2002; Macdonald, 1999; Mclean Parks et al, 1999; Rousseau, 1995) while involuntary turnover inescapably lead to direct negative results such as current job is insecurity, work difficulty, and status fluctuation (Gowan and Gatewood, 1997). However, other researchers such as Haven-Tang and Jones, (2012) concluded poor management, lack of salary, bad working environment and paucity of job opportunities could be the highest causes of turnover among organization. This statement was support by Kusluvan et al., (2010) where is they had stated that poor management, low payment of salary, work environment and lack of employees’ job opportunities on the organization will make employee want to quit from their job. Turnover intention situation will appear when labour had feeling that they want to quit from current job, so voluntary and involuntary turnover will become final stage for them as their decision (AlBattat and Mat Som, 2013) but it is different for researchers such as Mosadeghrad, Ferlie and Rosbenberg (2013) when they conclude that employee turno...
Today, shampoos have become ubiquitous and are available in varied abundance in all shops big and small, from the local kirana stores to the big gigantic malls.