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Managing retention and turnover
Managing retention and turnover
Literature review of employee retention strategy
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Employee Dissatisfaction They main reason employee are dissatisfied is because of lack of personal growth and progress in their work environment. According to a recent job report it has indicated that nearly 50% of the U.S. workforce is unhappy with their current job (Charas, Solange). With such a high percentage of job dissatisfaction it safe to say that “unhappy employee” will look for better opportunities, or choose to become self employed. People don’t want to work for money alone the want to be motivated, feel appreciated by building great working relationships with their colleagues; workers want their managers to trust their ability to perform their duties. However, human have a tendency to progress in their career or will feel uninspired in their job. When employees are bland they will rebel by giving less, complain, and make excuses to attend work, or walk off the job. It don’t matter how much someone is making if they are miserable with their current position they will seek other position that pay less within the industry to avoid confrontation. For employees to meet their manager’s expectation their job function should be clear of what is expected from them. In order, for a company to build effective managers the have to be counter-productive by being properly trained, understand policies and guidelines affecting their staff. (A Guide for Personal Growth). Strategies U.S. Companies use to keep Union Free. According to Mello pg. 558, U.S. Companies have implemented these strategies to avoid being unionized. First the move traditionally held jobs from the U.S. to developing countries overseas to take advantage of lower labor costs. Secondly, employers change their employment relationship from being ful... ... middle of paper ... ... Works Cited Charas, Solange. Fending off Employee Dissatisfaction: How to Retain Top Talent in a Turbulent Job Market (2011) Retrieved from http://www.strategydriven.com/2010/05/19/fending-off-employee-dissatisfaction-how-to-retain-top-talent-in-a-turbulent-job-market/ A guide for Personal Growth. About employee Dissatisfaction. (2005-2011) Retrieved from http://www.about-personal-growth.com/employee-dissatisfaction.html Mello, Jeffery (2010) Chapter. In Melissa Acuna (Ed.) Strategic Human Resource Management (pp. 105-107) Mason: South-Western Cengage Learning. Skinner, Wickham., & Beckman, Heather., (2008) The Treadway Tire Company: Job Dissatisfaction and High Turnover at the Lima Tire Plant (p. 1-4, &7-12), Product # 2189- PDF-ENG retrieved from http://cb.hbsp.harvard.edu/cb/product/2189-PDF-ENG: Harvard Business Online
The case study of GMFC provides an example of a company attempting to avoid unionization of its workers. GMFC is expanding by building a new U.S. plant which will manufacture motorized recreational equipment. The company plans to hire about 500 production workers to assemble mechanical components, fabricate fiberglass body parts, and assemble the final products. In order to avoid the expected union campaign by the United Automobile Workers (UAW) to organize its workers, GMFC must implement specific strategies to keep the new plant union-free. GMFC’s planning committee offers suggestions with regards to the plant’s size, location, staffing, wages and benefits, and other employee relations issues in order to defend the company against the negative effects of unionization and increase...
Noe, Raymond A., et al. Human Resource Management: Gaining a Competitive Advantage. 7th ed. New York: McGraw-Hill/Irwin, 2010. Print.
Over time, this dull pain can erode the self-confidence and passion of even the strongest people, which in turn, affects their spouses and children and friends in subtle but profound ways… Though it may be difficult to quantify, the dissatisfaction of employees has a direct impact on productivity, turnover, and morale, all of which eventually hit a company’s bottom line hard,” (p. ix –
Unions have always been a pain in employers’ sides. From today to the 1910s, workers have tried to unionize for better conditions in their jobs. Today, people try to opt out of being in unions, avoiding the union’s dues but still reaping the rewards. That’s a long way away from what people experienced in the 1910s. During that time period, people were struggling to even be apart of a union.
At Treadway Tire Company, the major problem of job dissatisfaction is the expressed result of varying underlying issues. Firstly, at Treadway, there is a misalignment of the mission and vision statements when compared to the daily work performed. The company has become very focused on surviving the outside challenges of escalating raw materials costs and global competition setting aside the internal issues of morale, job dissatisfaction, and high turnover rate among the line foremen. By continuing to manage by daily numbers, the Lima plant has incorrectly assumed that their current way of managing is adequate. According to Collins (2001) this is managing by “self-ego, self-interest which will hinder them from becoming great” (p. 30). While the outside challenges may not go away, the inside challenges can be handled by embrac...
Skinner, W., & Beckham, B. (2008, June). The Treadway tire company: Job dissatisfaction and high turnover at the Lima tire plant. Retrieved from Harvard Business Publishing Web site: http://custom.hbsp.harvard.edu/b01/en/implicit/p.jhtml?
Bohlander, G. & Snell, S. (2010). Managing Human Resources. (15th ed.). Mason, OH: South-Western Cengage Learning.
Without understand the negative impacts of turnover, a company may be placing itself in a position that will ultimately lead to their demise. We are going to solve our problems and set our company on the path to success, a success that is not only reflected in our bottom line but also our employees’ morale.
It has been certainly established that globally, unionization has declined. This paper discusses the trends and the factors that led to the decline in unionization worldwide
Bohlander, G., & Snell, S. (2010). Managing Human Resources (pp. 116-119). Mason: South-Western Cengage Learning.
Zarowin, S. (1991). How to find and keep the best employees in the 21st century. Journal of
Fisher, C., Schoefeldt, L., & Shaw, J. (1996). Human resource management. (3rd Edition). Princeton, NJ: Houghton Mifflin Company.
2. Fisher, C. D., Schoenfeldt, L. F. and Shaw, J. B. 1993, 2nd edn, Human Resource Management, Houghton Mifflin Company, London.
Willy McCourt & Derek Elridge (2003), Global Human Resource Management, pp 311 - 315. Edward Elgar publishing.
Employees are often dissatisfied with their job because there is something about the job they do not like. Some reasons employees might like their job are their coworkers, work conditions, pay, benefits, bad leadership, boredom, and lack of acknowledgement for one’s work. A dissatisfied worker may leave work early or come to work late, still equipment or use it without permission, quitting, transferring to another department within the organization, and retiring. These things will hurt an organization and might cause problems with other workers in an organization. Workers that are dissatisfied with their work may cause harm to the company and may cause problems with coworkers.