63-72 Organizational Application Managing Employee Retention as a Strategy for Increasing Organizational Competitiveness Sunil Ramlall‚ Ph.D. University of St. Thomas Research indicates that the total cost of employee turnover is about 150% of an employee’s salary. Because of this high cost of turnover‚ the organization that is the focus of this article sought to understand their employee’s turnover intentions and the reasons for the potential turnover. Through a series of surveys‚ observations
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INTRODUCTION ‘Employee turnover is a ratio comparison of the number of employees a company must replace in a given time period to the average number of total employees.” In the recent years Operation department of Caulfield Racecourse experienced problems associated with high turnover‚ which is a pervasive and serious issue resulting in high direct expenditure as well as intangible costs‚ low performance level and job dissatisfaction. Operation department is looking after large numbers of employees:
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PROPOSAL WRITING WORKSHOP 1. Description Proposal is an essential marketing tool for development organizations that build initial professional relationship between an organization and donor. A good idea with improper write up/presentation fails to achieve donors therefore fund raising development organization depends on skilled proposal development staff to survive‚ the proposal writing officers work tirelessly to keep their organizations afloat. Proposal writing in the development sector
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Abstract A high employee turnover rate‚ where talented employees leave the institution to join other legislatures and government departments‚ has been experienced by the Language Services Section (LSS) of Parliament SA which is part of the Legislative and Oversight Division (LOD). This thesis evaluates why talented employees leave the LSS and explores possible retention strategies to retain talented employees. This was firstly done by reviewing literature on the concept of employee turnover. Secondly‚
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CONTEXT DIAGRAM Hotel Reservation System CLIENT Receipt Inquiries Receptionist Accepting Inquiries Confirmed Inquiries Level 0 Data Flow Diagram Verifying Inquiries P1 Reservation P2 Client Information Verified Inquiries Leaving of Client P3 Verified Inquiries Reserved Paying Bills P4 Receipt Vacant Room Level 1 Data Flow Diagram Receptionist Inquiring P1.1 Client Questions
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the high CW employee turnover rate. The high turnover rate in Georgia is an indicator of a complex constellation of personal and organizational factors that contribute to child welfare employees’ lack of persistence in CW‚ and their decisions to leave public child welfare for other positions. The Georgia Division of Family and Children Services (DFCS) commissioned a study in 2002-2003 to obtain information and insight about the issues relevant to retention and turnover of child welfare
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staff andfaculty members at a university experiencing a budgetary cutback. Data were examined to study the effects of employee versus spouse of employee status‚ age‚ emotional well-being‚ physical health‚ number of marrage and family problems‚ and job stress on general perceived stress. Multiple regression analysis was used to test hypotheses that each of these variables‚ except employee versus spouse‚ would predict general stress during a time of perceived job insecurity. Results support each of the
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SomLalit Institute of Management Studies Post Graduate Diploma in Management Grand Project Proposal Business Idea Launching of English Newspaper with vocabulary containing Gujarati meanings Milan A. Vasani – 101 Sarfaraj H. Heranja - 33 Mentor Prof. Reshmi Menon Table of Contents Executive summary 3 Problem statement 3 Literature review 4 Research design 5 Hypothesis 6 Research methodology 7 Timeline
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Receivable Turnover = Net Sales/Average Net Account Receivables Accounts receivable turnover ratio measures the effectiveness of a company in extending credit and collecting debts. It is an activity ratio that measures how efficiently a firm uses its assets. Year ABC DEF GHI Industry Average 2012 31‚ 053/988 = 31.43 16‚842/1‚282.5 = 13.13 5‚160/618 = 8.35 17.64 2013 32‚722/1‚042 = 31.4 18‚657/937 = 19.91 5‚858/494 = 11.86 21.06 In this table you see the accounts receivable turnovers from the 3
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4 Ways to Reduce Turnover & Build Employee Engagement In this ever-changing business climate‚ employee retention and longevity is not what it used to be. The evidence would indicate that a large number of employees in today’s workforce will change jobs every two years. In the first 10 years of their career‚ many younger workers may have as many as 8 jobs. So‚ what can businesses do to retain top talent? Engaging employees is key. A recent survey of almost 90‚000 workers in 19 countries‚ conducted
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