Running Head : retentiveness StrategiesHigh Employee upset Rate and retention Strategies[Name of Writer][Name of Institution]AbstractCurrently , soaring gear employee upset rate is a study enigma which arrangements face . This leads to major failures in the validational structure of both(prenominal) company . It is extremely difficult for managers to select good employees scarce it is even more difficult to retain such a workforce . This identifies somewhat of the major reasons why employees leave an fundamental law . It is very important for managers to understand these reasonsMoreover , this project treates the possible measurement which employers and managers can concur to curb down a high rate of employee overturn . The United States Dept . of Labor reports that the expenses incurred by an system during the overall replacement procedure of an employee summarize up to some one-third of the new employee s yearly income . An other formula estimates the entrust expenses incurred during this whole procedure as 25 of the yearly salary as well as 25 of the benefits Again , these tally up to around 30 of the yearly salary . ironically these direct expenses do not take into consideration the verifying costs of a high turnover rateAlthough this focuses more on high employee turnover rate in the healthc atomic subdue 18 diligence , the causes and consequences of them discussed within this ar not and limited to any specific industry Furthermore , the solutions mentioned in within this are also applicable in other sectors besides healthcare .
In the end , there are a hardly a(prenominal) useful suggestions for employers and managers to assess their organizations and to retain worthy employeesTABLE OF CONTENTSCHAPTER 1 : OF THE PRBLEM--------------------------5Statement Of function And Objective ------------------------------------------5Setting Of Problem----------------------------------------------------------------5History and Background of the Problem --------------------------------------7Example of draw Expenses of Turnover-------------------------------------8Scope of the Project-------------------------------------------------------------10Importance and Significance of the Project----------------------------------11CHAPTER 2 : LITERATURE REVIEW ------------------------------------16Five Reasons Workers Leave--------------------------------------------------21Problems of Employees------------------------------------------------ --------20Employee Training Program---------------------------------------------------22Training Employees to abate Turnover Rate-----------------------------26Career Development------------------------------------------------------------- -29Flexible Timings----------------------------------------------------------------- -34Employee Turnover --------------------------------------------------------------35Shared Jobs-------------------------------------------------------------------- -----37Disadvantages----------------------------------------------------------- ----------38Advantages ------------------------------------------------------------------------ 38Growth Opportunities----------------------------------------------------------- --40Management and Turnover-------------------------------------------------------42CHAPTER 3 : RESEARCH DESIGN AND entropy COLLECTION PLAN--45Research Approach---------------------------------------------------------------- -45Data Resources ---- -----------------------------------------------------! --------------4 6Data parade Methodology-------------------------------------------------------48CHAPTER 4 : ANALYSIS AND PRESENTATION OF THE data --------48Introduction------------------------------------------------------------ -----------------48Results of the Survey (Summary and goal -------------------------------48CHAPTER 5 : CONCLUSION AND RECOMMENDATIONS-----------------51Suggestions for Companies------------------------------------------------------------53Assessing Your caller-up for master Cause------------------------------------------53Assessing a Company for Partnership-------------------------------------------------54Suggestions for Employers-------------------------------------------------------------56Glossary ------------------------------------------------------------------------ -----------58References-------------------------------------------------------------- ------------------ -59Appendix A---------------------------------------------------------------- ------- --------60Chapter 1 : OF PROBLEMSection 1 .Statement of Purpose and ObjectivesThe procedure of this project is to hatch the steps that an organization can take to reduce the employee turnover rate . During this project special focus will be given to the improvements which are required in tuition reimbursement programs and the benefits of educate employees The objectives of this project areto elaborate the causes of high turnoverto discuss the consequences of high turnover , andto explain the solutions to...If you want to get a full essay, crop it on our website: BestEssayCheap.com
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