Preview

Effects of Retention Strategies on Employee Turnover

Good Essays
Open Document
Open Document
8871 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Effects of Retention Strategies on Employee Turnover
If there are images in this attachment, they will not be displayed. Download the original attachment

RESEARCH PROPOSAL

THE EFFECT OF ORGANIZATIONAL RETENTION STRATEGIES

ON EMPLOYEE TURNOVER

(A Case Study of the Kenyan Courts-Mombasa Law Courts)

PRESENTED BY

NAME:

SUPERVISED BY:

DATE PRESENTED:

ABSTRACT

This paper presents some of the existing institutional retention strategies and tries to point out their effect on employee turnover. The study intends to establish how recognition and rewards, induction programmes, the working environment and training and career management opportunities influence an institution's rate of employee turnover. It seeks to understand the different retention strategies that organizations employ and their effectiveness in reducing employee turnover rates.

The study will analyse the effects of some of the retention strategies on employee turnover at the Kenyan Courts - Mombasa Law Courts.

The researcher will apply descriptive research design to gather information from the respondents and use stratified random sampling to obtain the probability samples. Stratified random sampling was preferred as it will give a sample that will be a representative of the population. The study targets a sample of about 40 respondents from whom data will be collected using questionnaires.

The data collected will then be analysed and from the findings, establish the effect of the different retention strategies on employee turnover. The study will also seek to establish which of the retention strategies or a combination, when applied, is best placed at resulting into a higher retention rate of employees in institutions.

CHAPTER ONE

INTRODUCTION

1.1 Background of the study

The people organizations wish to retain are often the ones most likely to live. It was claimed by Reed(2001) as cited by



References: Armstrong, M. (2009) Armstrong 's Handbook of Human Resource Management Practice, 11th Edition Armstrong, M Armstrong, M. (2007) A Handbook of Employee Reward Management and Practice, 2nd Edition Arthur, D Aswathappa, K. (2008) Human Resource Management, 5th Edition Beardwell, J Bernardin, H.J. (2006) Human Resource Management - An Experiential Approach, 4th Edition Bratton, J Cole, G.A. (2002) Personnel and Human Resource Management, 5th Edition DeCenzo, D.A Dessler, G. (2008) Human Resource Management, 11th Edition Gomez, L.R., Balkn, D.B Gupta, C.B. (2008) Human Resource Management Kothari, C.R Kressler, H.W. (2003) Motivate and Reward Maitland, I Noe, R.A., Hollenbeck, J.R. Gerhart, B. and Wright, P.M. (2007) Human Resource Management - Gaining a competitive advantage, 5th Edition Nyandemo Dr., S.M Torrington, D., Hall, T. and Taylor, S. (2005) Human Resource Management, 6th Edition

You May Also Find These Documents Helpful

  • Best Essays

    Rwt 1

    • 3982 Words
    • 16 Pages

    References: Blake , R. (2006, July 24). Employee retention: What employee turnover really costs your company. WebProNews, Retrieved from http://www.webpronews.com…

    • 3982 Words
    • 16 Pages
    Best Essays
  • Powerful Essays

    engl 216 week 7

    • 2731 Words
    • 11 Pages

    After compiling all the information, from researching the topic of high turnover rates in a company to find what can be done to correct it in an effective manner. I have found that many areas of a company are affected and to what level of negative impact can be felt.…

    • 2731 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Unit 13 P2 Business

    • 2925 Words
    • 12 Pages

    Employee retention matters to all companies, for many different reasons. A high turnover of employees not only results in a loss of skills, a waste of training time already spent but also indicates something wrong within a company that might need addressing.…

    • 2925 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    Training Assessment Paper

    • 2138 Words
    • 9 Pages

    Turnover rates could expose a company’s lack of maintaining a productive workplace environment. Successful companies need to be conscious of the negative effects of employee turnover cost, training cost, opportunity cost, and morale cost. These problems can become a financial lost for any company. The bottom line is that companies with low turnover rates work hard to make sure that their employees are satisfied and they take the initiative to prevent high turnovers (Reh, Para. 12).…

    • 2138 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Employee retention is the solution for improving organizational performance (Dey, 2009). An organization who wants to ensure they keep their employees from leaving their business to work for a rivalry organization is to maximize job satisfaction. To maximize job satisfaction the organization will need to make changes to their training process to ensure that each employee fully understands his or her position in the company. The company should also speak with the employees on how they feel about their job (Spector, 2008). An organization that can create a friendly atmosphere for the employees will have a better chance of keeping them. The ultimate goal here is to retain employees and try to keep them from wanting to leave the organization to work for a company rival. Employee motivation can also help to boost the confidence of the organizations employees.…

    • 1745 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Employee retention and keeping talented employees is one of the biggest management challenge that facing corporation especially with recovery of the economy and most corporation started recruiting and opening new positions.…

    • 462 Words
    • 2 Pages
    Good Essays
  • Better Essays

    The goal of virtually every business operating today is essentially the same: to make money. When it comes to the fine art of turning a profit, there are as many different factors that influence whether or not a company makes money as there are ways to make it. All successful companies begin by hiring people who best fit the position, and in the modern-day world of business, a considerable amount of time, effort, or money is invested in this endeavor. Once a stellar candidate has been hired, however, it does the company no good if, six months down the road, they quit because the working environment turned out not to be the right fit for them. Employees may leave a company for many different reasons, and many of those reasons frequently stem from a sense of general dissatisfaction with the way they are being managed. All too often, this important aspect of employee turnover gets the attention it deserves only after it becomes a serious problem. Improving managers ' skills by giving them retention-oriented training is one of the most effective ways to reduce turnover, and it also has other benefits that contribute to making the company more successful.…

    • 1469 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Exit Interview

    • 9301 Words
    • 38 Pages

    References: CIPD (2006) “Retention”- Chartered Institute of Personnel and Development, Employee turnover and retention Factsheet Department of Employment and Workplace Relations (2005) Workforce Tomorrow, Canberra…

    • 9301 Words
    • 38 Pages
    Powerful Essays
  • Good Essays

    Their low turnover rate of 1.2 to 1.3 percent is due to such factors as the nature of its work environment, its location within a smaller community, and its corporate philosophy of treating employees well (Zinni, et al., 2011, p. 86). A long term employee of Baytech accords the success of the organization with practices that include competitive wages and benefits, good communications, healthy union-management relations, feedback from the company on performance, a good work environment and safe workplace, job satisfaction, and training opportunities. While Baytech’s retention strategy aids them in maintaining a low turnover rate, their corporate philosophy is missing a few key elements compared to the drivers discussed in Chapter Two (figure1 pg4). Retention drivers such as career planning/advancement, job security, and fair, non–discriminatory treatment are all important elements in maintaining a low turnover rate. Baytech can reduce attrition by showing their employees they are serious about promoting from within, committed to keeping and growing their talent, and that disciplinary actions are fair, and the means to decide work assignments and opportunities (Zinni, et al., 2011, p.…

    • 550 Words
    • 3 Pages
    Good Essays
  • Better Essays

    An employee turnover rate refers to the movement of employees out of an organization. It is often cited as one of the factors behind the failure of an employee productivity rate and is also one of the chief determinants of labour supply (Snell & Bohlander, 2010, Principles of Human Resource Management, 15th edition, United States, p,415).Competing organizations are constantly looking to steal top performers, and “poaching talent is becoming an increasingly common way for organizations to build themselves them up as a larger company to be able to expand and earn more profits, while at the same time tearing their competitors down (Noe et. al. 2010, Human Resource management: Gaining a Competitive Advantage, 7th edition, New York, p461). Turnover comes in good times and in bad, to good companies and to those that are struggling of every size. Losing a good and talented employee is never easy, and sometimes is predictable, but sometimes, it can be prevented, “you…

    • 2245 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    Turnover and Retention

    • 2411 Words
    • 10 Pages

    Following the process of globalization which is increasingly developing, consequent fierce competition brings about frequent phenomenon of turnover in organizations (Liu et al., 2011). According to the statistic data that showed by Meier and Hicklin (2007), the turnover rate of U.S. federal government was 16.1% from 2003 to 2004, Dutch temporary employment agencies was 14.2% in 2005 and trucking even reached 41% in 2005. Currently, employee turnover is still lacking of attention in many aspects, such that most previous researches were focused on the reasons of turnover, but paid less attention to the effect of turnover (Ton & Huckman, 2008). The emphasis in this essay is that high employee turnover damages organization performance for increasing cost and causing critical employee leaving, while moderate level of turnover benefits organization performance for improving innovation and motivation, employers should focus on enhancing employee’s job satisfaction and embeddedness for retaining their employees. This essay has four parts. In the first and second part of the essay, both effect of excessive turnover and moderate turnover would be discussed with focus on organizational performance. And then the relationship between turnover and performance will be showed. The final part of this work would discuss the two aspects of retention strategy and many specific methods would be given to employers.…

    • 2411 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Employee Retention

    • 2434 Words
    • 10 Pages

    2002-2003 to obtain information and insight about the issues relevant to retention and turnover of…

    • 2434 Words
    • 10 Pages
    Better Essays
  • Better Essays

    Retention Paper

    • 2441 Words
    • 10 Pages

    This research paper covers the retention management process, as it pertains to business. The two types of turnovers, involuntary and voluntary, will be explained, along with the cost and consequences of each. Also covered are reasons why employees are discharged. Details of why companies downsize will be reviewed. Statistical information is noted throughout the paper. Finally, it will reflect on what happens when an employee leaves a company and the reasons why. Saint Leo’s core value of excellence should be incorporated into every business and organizations policies and procedures and be a fundamental component of the retention management process.…

    • 2441 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    employee retention

    • 11087 Words
    • 45 Pages

    Turnover costs can have significant negative impact on a company’s performance. Turnover cost can represent more than 12 percent of pre-tax income for the average company and nearly 40 percent for companies at the 75th percentile for turnover rate.[18] Organizations and managers understand the importance of implementing an effective retention program but aren’t proactive in implementing one and often leave it for another day. That day hardly ever comes. Organizations that don’t have the time or have limited resources can outsource employee retention programs to…

    • 11087 Words
    • 45 Pages
    Powerful Essays
  • Powerful Essays

    Employement Retention

    • 4639 Words
    • 19 Pages

    Bibliography: BOOKS REFERRED  Carsen A.J., HR How To: Employee Retention, CCH Knowledge point publication(2005), Pg no.10-12,17  Kothari C.R, Research Methodology Methods and Techniques, Second Edition, New Age International Publishers, (2008), Pg no. 37 – 39.  Phillips J.J., Connell A.O,“Managing employee retention: a strategic accountability approach”Elsevier Butterworth Heinmann Publication(2003), Pg no.232 WEBSITES REFERRED  http://www.scribd.com/doc/18051091/Project-Report  http://www.indiainbusiness.nic.in/industry-infrastructure/infrastructure/power.htm  http://www.indiainbusiness.nic.in/industry-infrastructure/industrial-sectors/oil-gas.htm  http://answers.yahoo.com/question/index?qid=20070723120306AAFz76x  http://www.moneycontrol.com/competition/bgrenergysystems/comparison/BES  www.bgrcorp.com…

    • 4639 Words
    • 19 Pages
    Powerful Essays