Resources Human Resource Planning & Factors 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
Premium Management Human resources Human resource management
measures could an organisation adopt to reduce staff turnover? Labour turnover refers to the ratio of the number of employees that leave a company through resignation‚ attrition or dismissal during a period‚ to the number of employees on payroll during the same period. The term is associated with employee retention‚ which refers to the practices and policies that companies adopt to prevent employees from leaving their jobs. High labour turnover causes problems for businesses. It is costly‚ lowers
Premium Employment
International Journal of Business and Management Invention ISSN (Online): 2319 – 8028‚ ISSN (Print): 2319 – 801X www.ijbmi.org Volume 2 Issue 1 ǁ January. 2013ǁ PP.93-99 The Place of Job Stress in Labour Turnover of the Banking Sector in the Nigerian Economy OGINNI Babalola O1‚ AFOLABI Gbadegesin2 and ERIGBE Patience3 Department of Economics and Business Administration‚ Redeemer’s University‚ Ogun State‚ Nigeria. 2. Department of Economics and Business Administration‚ Redeemer’s University‚
Premium Employment Bank Nigeria
Cut Turnover MT302 Organizational Behavior January 15‚ 2011 Unit One: Case Incident 1: How a UPS Manager Can Cut Turnover 1. In Buffalo New York‚ UPS operations prime objective was to find a way to fix the fifty percent a year turnover rate that costs them millions of dollars per year. To do this the company promoted Jennifer Shroeger to District Manager. The first thing she needed to do is to find what was costing the company so much money and why there was so much turnover. She
Premium United Parcel Service Organization Pearson Education
budget hotels in China‚ they recruit too many employees without considering the high labor cost and management issue‚ which finally lead to a high employee turnover rate in the budget hotel industry. In the year of 2009‚ the average employee turnover rate in budget hotels even increased to 34.5%. So these budget hotels with high employee turnover are having an even more difficult time filling their open positions with qualified candidates who will not just leave or be fired in the future. As a result
Premium Hotel Hospitality industry Hotels
Introduction Retaining competitive employees in a dynamic labour market is one of the responsibilities of the human resource department. Almost all organizations aim to maximize profit‚ and along with this primary goal is to reduce cost. One way of reducing cost is to retain employees and reduce employee withdrawal. To reduce employee withdrawal‚ the organization must be able to point out reasons why an employee intent to leave the organization. And‚ one of the possible reasons is the perception
Premium Interpersonal relationship Distributive justice Psychology
The Treadway Tire Company: Job Dissatisfaction and High Turnover at the Lima Tire Plant Satya Narayana Puppala Sullivan University Abstract This incident deals with one of the Tradeway’s tire plants in Ohio. Facing problems with line foreman in an un-unionized atmosphere. The situation explores causes and trepidations of employee dissatisfaction‚ effectiveness of job training‚ and communication differences. Setting these issues promotes a healthy environment that regulates successful workforce
Premium Employment Inflation Plant
Analyse staff turnover‚ its cost and effects on the business and develop strategies to improve retention. Subject: Human Resource Management MGT 201 Student Name: Brenda Lai (YUN-CHU LAI) Student Number: 00038680T Lecturer: Alison Knight Staff turnover‚ or labour turnover‚ is a percentage of a number of employees that leave a firm in a period of time. Reasons for leaving can be voluntary‚ such as resignation‚ relocation to another company
Premium Employment Human resource management
Case Analysis: The Treadway Tire Company: Job Dissatisfaction And High Turnover at The Lima Tire Plant Case Analysis Questions: 1. Briefly describe the situation today at the Lima Tire plant. 2. What is the relationship between line foremen at Treadway’s Lima Plant and other groups within the plant: general supervisors and area managers‚ top management‚ the union‚ hourly workers‚ each other? Why do you believe the relationships are as they are? 3. How do you feel line foreman
Premium Management Costs Cost
RESEARCH PROPOSAL A STUDY ON FACTORS CONTRIBUTING TO TURNOVER INTENTION AMONG THE EMPLOYEES OF SGA TECHCORDIA (M) SDN BHD Abstract Employee retention is the most critical issue faced by corporate leaders as result of the shortage of skilled labor‚ economic growth and employee turnover. High turnover rates adversely affect an organization in other ways such as loss of institutional memory‚ diversion of management focus‚ diversion of peers to train new hires‚ affect the organization’s reputation
Premium Job satisfaction Human resource management Employment