The data collection tool to let workers express their views about their experiences at BIMS is an employee survey instrument. The survey collects information on attitudes, opinions, and levels of satisfaction from the 449 employees because the upper management is excluded. To figure out the root of the high turnover and the lowered morale, a ten-question survey was conducted. Our consultant firm will just be focusing on for right now on the high turnover. The survey includes questions on demographics that identifies the division the employee is assigned to, how long the employee has been employed, gender, and if the employee is management or not. Some questions include the company’s communications, the quality of training, and the level of compensation.…
Today’s employee turn-over rate is high for many organizations. Research has shown that the key to hiring qualified individuals is to first promote the company to current employees. By implementing strategies within the organization that promote respect and cooperation between co-workers and managers, awarding fair compensation, and providing various awards, organizations are better able to retain good employees. Research what other organizations are doing to hire and retain good employees in order to combat the high employee turnover rate. Use this research to make recommendations to the management of your organization.…
I have chosen three theories to address the problem. The first theory is Schwartz’s Value Theory. According to the theory, everyone has each own set of personal values and the attainment of these personal values is crucial. Conflict of values or failure in attaining them might lead to employees’ turnover. From the article, the senior staffs claimed that the bonuses they received were below average. I infer that some of the staffs’ personal values were not attained, which in this case possibly power and achievement. Their personal values might also have conflicted with the company’s values, which lead to their departure.…
The resolution of this case analysis is to pinpoint the essential problems that are causing the high turnover rate at Heritage Place. The statistics have shown that within the past year, at least seventeen employees have left Heritage Place in search of other jobs. The high turnover rate has become very costly for this small business and has therefore brought about a need for change. Many reasons have been given for the need for change: low pay rates, no pay raises, lack of health, dental, and vision insurance, no vacation or sick pay, and the mistreatment/lack of respect and appreciation for the employees by management. It is the purpose of this analysis to present ways/ideas that will bring forth a reduction in the employee turnover rate and hence lower costs for the facility. By observing the need for these changes a plan has been put forth which includes the essential problems, recommendations, expected outcomes, dates, and timelines that are needed for the changes to be successful.…
Employee/team member turnover may be mostly a negative issue, yet it can become positive if only controlled by the organization correctly and appropriately. Turnover is often utilized as an indicator of the organization performance and it can easily be observed negatively towards the organization’s efficiency and effectiveness. Also, turnover is a natural outcome of an organization which is why it has to be kept to a minimum.…
Turnover can pose a serious issue on a company both internally (employee engagement) or secondly externally (company reputation) you need both to ensure the company brand and internal engagement have a telling factor on the productivity of the business.…
Develop at least two strategic objectives for each of the following four balanced scorecard areas identified above (Financial, Customer, Process, Learning and Growth). Your objectives should be selected, in part, based on an evaluation of a number of potential alternatives to the issues and/or opportunities identified in the SWOTT Analysis paper and table you completed in Week Three. Base your solutions on a ranking of alternative solutions that i...…
As the world changes, many organization may create changes to their company structure in order to remain successful and look good amongst shareholders. These organizational changes may be beneficial for the company overall. However, it may affect the remaining employee’s morale. Some organizations changes such as layoffs, reduce work hours, a stagnate in benefits increases and rewards may result in management trying to figure out a way to motivate and gain employees trust and loyalty.…
Organisations are working harder to get the right people in the right jobs and keep them there. A recent survey of more than 300 private company CEOs by PricewaterhouseCoopers found that the majority (52%) believe that improved retention of key employees will have a beneficial impact on their company's business performance over the next 12-18 months (Tate 2007, p.16).…
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.…
The problem in this case study is the lack of employee loyalty, commitment and motivation causing high employee turnover.…
This is a report exploring three key areas of industrial relations at the University of Ballarat (UB), examining current legislations and the policies and procedures. The three areas are;…
The employees are the most valuable asset for any organization who meet laid out objective and performance goals. The performance of the employees depends on various factors. Due to obvious reasons, the job security, and incentives have a strong bondage with the employees and their behavior.However it has been noticed during the research that loyalty and job security are positively related to performance.In relations to the independent variables, loyalty behaves positively with job performance and knowledge and skills negatively to the job performance. Being the sole asset for an organization, it is the employee’s performance which recognizes an organization in the market. The organizations have to provide job security, take measures to improve knowledge / skills and also appreciate their work of employees with incentives in order to retain their employees and win their loyalties. (Anwar, Aslam, Tariq, 2011).…
• To retain low employee turnover rate by inspiring people to work for the company…
morale, loyalty, employee satisfaction, and a firm’s ability to service their customers? These are critical questions that…