Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Employee retention and managing employee turnover
Employee retention and managing employee turnover
Employee retention theory
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Employee retention and managing employee turnover
Staff’s intention to leave would always lead to staff voluntary turnover. When staffs has the intention to leave, there must be some factors that cause that feeling of intention and these factors are the major keys to understand and manage staff voluntary turnover. Staff turnover is always a major concern in an organization. An organization, regardless of size, technological advances, market focus and other factors are facing retention challenges. It would not only lead to higher cost of replacement, it would also influence the staff morale, customer satisfaction as well as customer loyalty. Therefore, staff retention is much more important before the staff turnover happens.
Staff's expectation to leave would dependably prompt staff deliberate turnover. At the point when staffs has the proposition to leave, there must be a few elements that cause that inclination of plan and these components are the major keys to comprehend and oversee staff intentional turnover. Staff turnover is dependably a significant concern in an association. An association, paying little respect to size, mechanical advances, business center and different elements are confronting maintenance challenges. It would not just prompt higher expense of
…show more content…
This theory postulated satisfaction and dissatisfaction of employees. It divides the motivational factors into two categories, which are motivator and hygiene. Motivators which are intrinsic to the people, such as work itself, recognition, achievement, etc, is normally creating satisfaction and motivation to the actor if they are met. On the other hand, hygiene factors which are characterized as extrinsic components, such compensation, company policies, and relationship with superiors and peers, working condition, etc, will not create satisfaction and motivation to the actor if the factors are met. Its purpose is to keep the actor away from
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
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.
He was the first to show that factors causing job satisfaction were different from that causing job dissatisfaction. He developed the motivation-hygiene theory; he called the satisfying factors motivators and the dissatisfying hygiene factors. According to Sapru (2013), the two factor theory is a theory that relates to intrinsic factors to job satisfaction, while associating extrinsic factors with dissatisfaction. To find the individual’s relation and attitude to work, Herzberg investigated the question: “What do people want from their job?” According to Hertzberg certain attributes tend to be consistently related to job satisfaction and other to job dissatisfaction. For instance, intrinsic factors such as responsibilities, achievement, recognition and advancement seem related to job satisfaction. While, extrinsic factors such as pay, working conditions, policies and supervision seems related to job dissatisfaction.
Economic growth and employee turnover is one of the most critical issue facing corporate leaders today. As a result there is a shortage of skilled workers. We have explored several aspects of the workforce stability. The employee retention issue continues in the face of unprecedented churning in the employment market. Human Resource Managers are provided with a wide range of tools to control employee turnover. Workforce stability can be a HR Manager’s competitive advantage in these turbulent times. This is one of the hottest topics for corporate leaders in all fields in the United States and globally.
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.
Although there is a detectable relationship between lower levels of job satisfaction and higher turnover rates, the decision to quit one’s job rests on many different factors. Attitudes of an employee towards job satisfaction and organizational commitment play a role, but a shock to the life of an employee
Being the lack of career development programmes the main reason for employees to leave the company more in detail issues were identified:
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.
The idea that renewal strategies, like redundancy and restructuring, are necessary to achieve organisational goals comes from a supply and demand analysis of the job market. Today’s working environment is seen to be excessively using these strategies in order to accomplish short term goals, resulting in businesses not looking towards their long term futures. This essay will address this issue by looking at the significance and implications redundancy and restructuring raise, that of reduced morale, satisfaction, motivation, and retention of the future workforce. It will also outline the many perspectives on the issue, that of a resource, industry and company based view, as well as display the veracity of these views. It will demonstrate that although redundancy and restructuring is a viable change method to achieve organisational goals, they should only be used as a last resort, due to the many significant costs it raises for businesses long-term success.
His theory, the Motivator-Hygiene Theory (or Two-Factor Theory), tries to answer what keeps employees satisfied at work. From his observations, he pointed out that job satisfaction has two dimensions: hygiene factors and motivators. He posited that hygiene factors do not provide satisfaction, but rather, in their absence, causes dissatisfaction. On the other hand, the presence of motivators provides satisfaction, but their absence does no cause dissatisfaction.
Studies show, employees leave organizations for many reasons; often times these reasons are unknown to their employers. Employers need to listen to employees’ needs and implement retention strategies to make employees feel valued and engaged in order to keep them. These retention methods can have a significant and positive impact on an organization’s turnover rate (Fauth&McVerry 2008). The research also states the dilemma facing organizations is whether to invest more time and money fine-tuning their recruitment strategy or to pay extra attention to retaining the talent they already have. Recruiting new staff is expensive, stressful and time-consuming. Once you have good staff it pays to make sure they stay (Fauth&McVerry 2008). It is the
The two theories “distinguish between motivators and hygiene factors (the name hygiene is used because, like hygiene, the presence will not make you healthier, but absence can cause health deterioration) motivators encompass challenging work, recognition, and responsibility. These motivators give positive satisfaction arising from intrinsic (intangibles) conditions of the job itself. The hygiene factors such as status, job security and benefits are extrinsic (tangible) and do not give positive satisfaction, though dissatisfaction results from their absence”. Furthermore, according to Herzberg “the job should have sufficient challenge to utilize the full ability of the employee. Employees who demonstrate increasing levels of ability should be given increasing levels of responsibility. If a job cannot be designed to use an employee’s full abilities, then the firm should consider automating the task or replacing the employee with one who has a lower level of skill. Lastly, if a person cannot be fully utilized then there will be a motivation concern”
2. Company should try to overcome all its weakness due to which the employees are leaving the company. For e.g. Google should make sure that all d employees whether temporary or permanent should be treated equally or should have the same status in the company.
Motivation is an important function in organizations to motivate their employees for their ability to perform well, improving their skills, increasing productivity, job satisfaction and employee extension. Employees also are not a machines that we could just program their task in their brain and they will do it automatically, they require motivation to actually do their job properly. And so, after discussing the process models of the Maslow’s “Hierarchy of needs”, Douglas McGregor theory X and Y, and also the Herzberg’s “two factor motivation hygiene theory.” understanding the ways of motivating people, the human nature, and the substance of nature. I believe that the true motivation can only come from within and also managers can actually motivate all of their employees.
Hygiene factors are needed to ensure the employees do not get dissatisfied, they do not need higher levels of motivation but without them, there is dissatisfaction. Typical hygiene factors are the working conditions, supervision quality, salary and security, company’s administration and policies and interpersonal relations. Motivation factors are needed in order to motivate the employees to higher performance this factors result to satisfaction and psychological growth, examples of this factor are the achievement, recognition for achievement, advancement and growth (Value Based Management,