engl 216 week 7
Overturn Rates
Prepared for:
Management of M-Global Inc.
http://www.corporatewellnessmagazine.com/upload/articles/5907FAF9E24B40C8BB7948B8AF1530D3-main.jpg
Prepared by:
Anthony Smith, Human Resources
M-Global Inc.
August 10, 2013
142 Bertha Ln
Chicago, IL 49300
(555)-433-4444
Turnover Rate Project #13-434
August 10, 2013
Turnover Rate Reduction Program
Home Office
4319 Hope St
Miami, FL 49999
Attention: Mr. Joe Blow, Director
Overturn Rates
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. We all know that a high turnover rate is always frowned upon. Speaking with other companies that have dealt with this problem has shed a new light on the subject with the reality of the impact. The steps needed to control the problem will vary to each company’s needs. Thank you for the opportunity to bring this topic to your attention.
Sincerely
Anthony Smith, Human Resources
CONTENTS
PAGE
LIST OF ILLUSTRATIONS 1
EXECUTIVE SUMMARY 3
INTRODUCTION 4
COMPANY STRAGATIES 4
A GOOD FIT? 5
ACCTUAL COST 6
STEPS IN THE RIGHT DIRECTION 8
CONCLUSTION AND RECOMMENDATIONS 9 ILLUSTRATIONS
PAGE
RISK 7
HIDDEN COST 8
EXECUTIVE SUMMARY
The topic of turnover rates is like the pink elephant in the room. Everyone knows it is there but nobody really wants to talk about it. From all the data that has been researched on the problem I can see why it is not an easy topic to discuss. High turnover rates have many different trigger points and will vary in severity from company to company. The basic causes for high turnover rates include morale company atmosphere and job satisfaction. Unfortunately
Prepared for:
Management of M-Global Inc.
http://www.corporatewellnessmagazine.com/upload/articles/5907FAF9E24B40C8BB7948B8AF1530D3-main.jpg
Prepared by:
Anthony Smith, Human Resources
M-Global Inc.
August 10, 2013
142 Bertha Ln
Chicago, IL 49300
(555)-433-4444
Turnover Rate Project #13-434
August 10, 2013
Turnover Rate Reduction Program
Home Office
4319 Hope St
Miami, FL 49999
Attention: Mr. Joe Blow, Director
Overturn Rates
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. We all know that a high turnover rate is always frowned upon. Speaking with other companies that have dealt with this problem has shed a new light on the subject with the reality of the impact. The steps needed to control the problem will vary to each company’s needs. Thank you for the opportunity to bring this topic to your attention.
Sincerely
Anthony Smith, Human Resources
CONTENTS
PAGE
LIST OF ILLUSTRATIONS 1
EXECUTIVE SUMMARY 3
INTRODUCTION 4
COMPANY STRAGATIES 4
A GOOD FIT? 5
ACCTUAL COST 6
STEPS IN THE RIGHT DIRECTION 8
CONCLUSTION AND RECOMMENDATIONS 9 ILLUSTRATIONS
PAGE
RISK 7
HIDDEN COST 8
EXECUTIVE SUMMARY
The topic of turnover rates is like the pink elephant in the room. Everyone knows it is there but nobody really wants to talk about it. From all the data that has been researched on the problem I can see why it is not an easy topic to discuss. High turnover rates have many different trigger points and will vary in severity from company to company. The basic causes for high turnover rates include morale company atmosphere and job satisfaction. Unfortunately
References: Joseph Fung (2013). Employee Turnover Reduction Strategies. Work Place Tribes. Willis Mushrush (2002). Reducing Employee Turnover. MissouriBuisness.net F. John Reh. The Cost Of High Employee Turnover. About.com Guide Jonathan (DeVore). The #1 Risk Factor Organizations Ignore When it Comes to Employee Turnover. http://www.screensteps.com/blog/2013/02/the-1-risk-factor-organizations-ignore-when-it-comes-to-employee-turnover/