OF HUMAN RESOURCE MANAGEMENT PRACTICES ON TURNOVER‚ PRODUCTIVITY‚ AND CORPORATE FINANCIAL PERFORMANCE MARK A. HUSELID Rutgers University This study comprehensively evaluated the links between systems of High Performance Work Practices and firm performance. Results based on a national sample of nearly one thousand firms indicate that these practices have an economically and statistically significant impact on both intermediate employee outcomes (turnover and productivity) and short- and long-term
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EFFECT OF LABOUR TURNOVER ON ORGANISATIONAL PRODUCTIVITY 1 INTRODUCTION The practice of human resource management (HRM) is concerned with all aspects of how people are employed and managed in an organisation (Armstrong‚ 2009). The strategic business function organ of the organisation sees to the inflow and outflow of employees in the organisaiton. The HRM function of directing the organisation system to ensure that human talents are used effectively to accomplish desired goals is very crucial‚ thereby
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KFC Corporation has its headquarters in Louisville‚ Kentucky. It is the world’s most popular chicken restaurant chain‚ specializing in Original Recipe®‚ Extra Crispy™‚ Twister® and Colonel’s Crispy Strips® chicken with homestyle side offerings. Every day‚ nearly eight million customers are served around the world. KFC’s menu includes Original Recipe® chicken -- made with the same great taste Colonel Harland Sanders created more than a half-century ago. Customers around the globe also enjoy more than
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more common. As we know‚ the employee turnover of hospitality industry is quite higher than other industries. In 2004‚ Wildes warned that hospitality would face a significant work force deficit of quality managers in the near future. Not only is there a shrinking labor pool due to other industries attracting our potential managers (i.e.‚ retail‚ banking‚ and healthcare) (American Express‚ 2006)‚ but turnover continues to be a significant problem. High turnover not only causes the hotels lose their
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In Pakistan fast food industry is growing year on year at a very fast rate due to innovation and the presence of multinational chains like (McDonald’s‚ KFC‚ and Domino). These multinational chains have set high levels of revenue generation by using market Led approach and by modifying their menus. In Pakistan‚ multinational chains are considerably more expensive‚ they usually are frequented because they are considered chic and somewhat glamorous and because they usually are much cleaner than local
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6 Tips to Drive Inventory Turnover Posted by Ted Hurlbut on Tue‚ Jun 19‚ 2012 @ 10:29 PM Driving inventory turnover is one of the hallmarks of the very best independent retailers. In almost every case‚ an independent retailer that turns their inventory quickly will outperform a competitor that turns their inventory more slowly. Why is this? An inventory that’s turning quickly typically is lean and focused‚ with exceptional assortments‚ a continuous flow of new merchandise‚ and compelling presentations
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Information system Information System An information system (IS) collects‚ processes‚ stores‚ analyzes‚ and disseminates information for a specific purpose. Like any other system‚ an information system includes inputs (data‚ instructions) and outputs (reports‚ calculations). It processes the inputs by using technology such as PCs and produces outputs that are sent to users or to other systems via electronic networks and a feedback mechanism that controls the operation. Information systems
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IMPACT OF ORGANIZATIONAL CLIMATE ON TURNOVER INTENTION: AN EMPIRICAL ANALYSIS ON FACULTY MEMBERS OF TECHNICAL EDUCATION OF INDIA 1 1 SAKET JESWANI & 2SUMITA DAVE Sr. Assistant Professor‚ Shri Shankaracharya Institute of Technology and Management‚ Bhilai‚ (C.G.)‚ India 2 Professor‚ Faculty of Management Studies‚ SSGI‚ Bhilai‚ (C.G.)‚ India ABSTRACT The study aims to explore the antecedents of organizational climate and its impact on turnover intention of faculty members of various
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commodities‚ the service sector has been taken seriously in Malaysia as it is the key driver towards its growth. The main focus of this study is to look at the service industry that faces a major problem of employee turnover. In a much smaller scope; the focus would be on employee turnover in the hotel‚ retailing‚ call center‚ kitchen department which had not been explored quite significantly. The study would attempt to discover aspects which actually perceived by the employees as important for them
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small. "What determines employee turnover?" The answer to this question has great relevance to the individual who may be thinking about quitting a job‚ and for the manager who is faced with lack of employee continuity‚ the high cost involved in the induction and training of new staff‚ and declining organizational productivity. Within call center industry‚ workforce turnover has been one of the most pressing issues for many years. Excessive employee turnover rate is detrimental to organizations
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