Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Employee retention challenges
Managing employee retention and turnover
Managing employee retention and turnover
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Employee retention challenges
In today’s business world with regard to scarce talent the finding and selecting of an employee who fits into the organization can be challenging. Hence, after recruiting the appropriate person, a company needs to focus on the retention of this talent. Accordingly, an efficient incorporation process of the new employee is major, but still many employers neglect this practice (Lombardi, 2011, p. 6). “Jumping in at the deep end” or “Learning by doing” are phrases that new staff often hears from their employers. As a consequence of this missing introduction, a lot of employees think about quitting their jobs already on the first day of work. Moreover, statistics have shown that due to poor initial experience 33.3% of employees search for a new …show more content…
13). Nevertheless, existing literature talking about onboarding refers not only to managers but as well on every new hired employee in a company. Therefore, the organization should keep in mind that there does not exist a one best practice that fits for every employee. Consequently, the onboarding differs among employees depending on their career level, task type and cultural impact (iCIMS, 2016).
2.1.1 The Onboarding Process
Generally, the process starts right after the acceptance of a job candidate for a position in a company and finishes when the new employee has acquired all the skills and knowledge, which are crucial to complete work effectively (Chaneski, 2015, p. 40). Hence, the company should already build a basis in the employee selection process to achieve a smooth integration. Two examples for creating such a foundation between the employer and the new employee are
• the clarification of expectations on the new employee and the conveying of a realistic image about working conditions (Stibitz, 2015, p. 3).
• the identification of the candidate’s prospects concerning the new job and the employer’s attempt to measure them up (Aygen, 2015, p.
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...
Introduce an orientation/induction program for welcoming new employees to the workplace, addressing clear explanations of the organisation’s vision and mission statements, and ensuring employees gain a thorough understanding of the organisation’s history, policy and procedures. An orientation/induction plan that’s well-structured reduces the initial anxiety all new employees feel when they begin a new role, and assist new employees to adapt quickly and experience a smooth transition into the organisation (Robbins et al. 2012, p. 166).
Money and other resources will be required to hire and to train a new employee and get them up-to-speed on the corporate culture and within individual work groups. Likewise, the longer a top performing employee contributes to projects, programs and daily operations, the more valuable they become to company success. When the employee
Planning to Become an Employer of Choice It seems that most companies' leaders still appreciated the need to focus on talent acquisition and retention as a key imperative. As study reveals a great number of managers support the conclusion that the greatest drivers of employee engagement and retention are intangible - mostly related to the way a manager treats employees. In fact in reviewing the list of Engagement Practices, most of them are intangible and within the power of the manager to implement. In the end, it doesn't matter whether they are tangible or intangible.
The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide also offers of mentorship programs. As part of Boeing’s mentorship program, new employees can experience work life in the business, engineering, HR or IT departments for approximately two years by paired with a mentor at the senior manager or executive level. According to the company’s website, “Mentoring is a relationship between two people involved, as well as the organization to help establish short-range and long-range career goals” (https://www.boeing.com/). This is because mentors take personal and professional pride from being able to help develop a new employee’s career
New employee is quicker to be effective within their position. If they have had work procedures explained, ...
Thousands of dollars are spent each year training and acclimating new employees to an organization’s work culture. Training and its effectiveness is an issue that most companies deal with on a continual basis. In this section we will explore the purpose and outcomes of New Employee Orientation (NEO) and On-boarding. Topics that will be examined will be the processes used, their effectiveness, goals and development.
They also have to look appealing to the organization while learning as much as they can about the organization and see it they are a potential fit; new hires are affected by the hiring process. They have to familiarize themselves to the job, workgroup, and organization as a whole while focusing on their training for the position the now hold; lastly, organizations are affected by staffing activities because their success depends on having the right people with the right competencies at the right time. Implementing a staffing plan can allow the organization to have the means of identifying the employee with the competencies that are needed for the organization present and
Having an onboarding program is of great value to any organization. An onboarding program provides new hires the opportunity to obtain an overview of their job. The program familiarizes them with their colleagues and the organization. When new employees go through an onboarding program, they are properly informed of
For any organization employees are the most important asset. Once a good employee leaves the organization it may act as a downfall for it. In this era of globalization it has become imperative to manage the talent for the long term survival of the organization. How many employees stick to one job for more than two or three years? The concept of “Job for Life” is vanishing. People are getting attracted towards believing that the grass is greener on the other side. An increasingly fascinating strategy to battle it is the
McKeown, J. (2002) states that, “Effective retention begins before the hire- in tour recruitment literature, of course, but also in corporate and product literature, advertisements (for recruitment and for sales), press releases, product branding, company image, management reputation, and a myriad of other messages that your organization puts out into the marketplace about what it is, what it does, and how it does it.” (p.20). It is well known that in order for companies to gain that competitive edge they need to offer something that the other companies in their market are not offering in order to attract and retain top talent. The second way is by helping the company raise morale and job satisfaction. WorldatWork (2007) notes that according to a 2004 Overworked in America Study, that employees were less likely to feel overwhelmed if they had jobs that afforded them the chance to continue their education.
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
In the socialization process, organizations focus on socialization stages and tactics. Stages of socialization go through anticipatory socialization, encounter, change and acquisition, behavioral outcomes, and affective outcomes stages. Socialization tactics also can be explained in six dimensions: collective vs. individual, formal vs. informal, sequential vs. random, fixed vs. variable, serial vs. disjunctive, and investiture vs. divestiture. On the other hand, new employees also gather and handle information about their new organizations, and organizational psychologist explains this process as information-seeking tactics (Miller and Jablin, 1991). Gathered information, in turn, can affect job satisfaction, organizational commitment, turnover, etc.
...n process is very important for an organization to hire new members, as employees need to select the right person to do the right job. Therefore, employees need to read through applicant’s document and qualifications, hence organize an interview to be more close with the applicant, to know more about the applicants, see if they are suitable for the job position. Selection process can help the employees not to make wrong decisions, this is a good opportunities to assess skills, aptitude and abilities. (John, 2007)
A follow up and evaluation process has to be done in order assess the new employees progress beyond the first day of arrival in the organisation . This follow up and evaluation will assist in establishing whether there are any obstacles in integrating the new employee in this new environment, they could be either political , socialism and whether mentor support is sufficient to integrate the new employee in this new environment. It will also serve as enquiry toll to establish if is there are any training needs needed by the employee further to those that have been offered by the employer.