Supporting Good Practice in Managing Employee Relations Aim The aim/objectives of this assignment are to explore employee relations in detail‚ including the psychological contract‚ differences between fair and unfair dismissals‚ redundancy‚ and the direct link to my organisation. Pershing is a medium sized financial services company‚ who has seen strong growth over the last two years during the economic downturn. 1.0 Internal and external factors that impact on the employment relationship
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Employment relationship – defn. “the relationship that exists between employers and employees in the workplace” When an employee starts a new company there may be many internal and external factors that impact on the employment relationship. One external factor is the state of the economy‚ in recent years the economy has experienced a recession. This has impacted businesses in many ways; e.g. redundancies - less capital means companies can no longer afford to keep all staff. A second external
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bankrupt in the future. Some argue that sometimes the employee turnover is good for weed out the lower level talent‚ but generally employee turnover is associated with cost (Anonymous 2008). Studies have shown that turnover rates can carry a price tag across the United States of $25 billion annually‚ with the cost of hiring and training an hourly worker at 300 to 700 times the worker’s hourly wage (Mckeown 2010). According to recent study‚ in every industry‚ companies face the challenge of
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affecting Employee Turnover and Retention Human Resource Management Research Paper Abstract Human resource planning is currently regarded as an essential requirement for any organization to achieve the corporate business goals and to gain a competitive advantage over competitors‚ but it does not always appear to be given high priority in practice. High rates of employee turnover can prove very expensive and milk organization ’s financial resources. The costs of replacing employee positions
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ISSN 2277 3622 A STUDY ON EMPLOYEE RETENTION AMONG EXECUTIVES AT BGR ENERGY SYSTEMS LTD‚ CHENNAI DR. R. AKILA* *Professor‚ Department of Management Studies‚ Jeppiaar Engineering College‚ Rajiv Gandhi Salai‚ Chennai‚ Tamilnadu – 600119. ABSTRACT The employee retention program at BGR Energy consists of only basic daily needs of the employee. Employees are found to be dissatisfied with it. This is found to be the threatening factor for higher employee turnover rate. To study the opinion of executives
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Employee Retention Strategy: How to Attract and Retain Top Performers Talent is a driving force behind Human Resource contributions to organizational success. The ability to attract and retain such talent is rapidly becoming one of the key issues for human resource managers and their organizations across the globe. High performance organizations are consistently outperforming their competitors on a number of human resource factors‚ including the level of teamwork and openness between co-workers
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Managing Employee Misbehaviour for Promoting Business Ethics Workplace misbehaviour: Any intentional action by members of organizations that defies and violates Shared organizational norms and expectations‚ and/or Core societal values‚ mores and standards of proper conduct (Vardi and Wiener‚ 1996‚ p.153). Misbehaviour in this sense is also said to be about breaching broader‚ yet far from clearly defined or fully shared societal norms or moral order. In industrial sociology key writers on misbehaviour
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"MANAGING EMPLOYEE RESISTANCE TO CHANGE" SUBJECT CODE — MGT512 MANAGEMENT PRACTICES & ORGANISATION BEHAVIOUR SUBMITTED TO— MALIKA RANI (LECTURER LSB ) SUBMITTED BY -- VIPIN KUMAR‚ MBA ROLL.NO –RR1002B52 REG.NO. 11000587 TOPIC- "MANAGING EMPLOYEE RESISTANCE TO CHANGE" INTRODUCTION Employees
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Supporting Good Practice in Managing Employment Relations – A Guidance Leaflet The Impact of Employment Law at the START of the employment relationship 2 Internal Factors which can impact on the employment relationship • Policies & Procedures in place within the organisation – this is an important internal factor that can have an impact on the employment relationship; for example if there is job share/flexible working arrangements in place this can help to promote a work-life balance
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Content Content 1 Introduction 2 Main Body 2 Excessive Turnover 2 General Turnover 2 Critical Employee Turnover 3 Turnover in Low to Moderate Level 3 Motivation 3 Innovation 4 Relationship between Turnover and Performance 4 Employee Retention 5 Significance 5 Job Satisfaction 5 Embeddedness 6 Others 7 Conclusion 7 Reference 8 Introduction Following the process of globalization which is increasingly developing
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