Calculate and interpret the monthly turnover

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Reference no: EM132941219

As Human Resource Manager, you recently completed your company's new compensation plan. You are happy with the results but know there is more to retaining the employees than just pay, and you don't currently have a retention plan. Your organization is a poultry wholesaler, consisting of 15 offices across South Australia, Northern Territory and Tasmania. The majority of employees are sales and marketing staff, and they fill full-time and temporary positions. One of the challenges you face is a difference in geographical areas, and as a result, there are differences in what may motivate employees.

As you initially look at turnover numbers, you have the sense that turnover has increased over the last six months. Your initial thoughts are the need for a better retention strategy, utilizing a bonus structure as well as other methods of retention. Currently, your organization pays a straight salary to employees, does not offer flextime or telecommuting options, focuses on individual performance (new and total sales generated) rather than team performance, and provides five days of vacation for every two years with the organization.

Month Separated Employees Total Number of Employees Midmonth

March 12 182
April 14 171
May 16 139
June 20 148
July 22 145

i) Calculate and interpret the monthly turnover for the past five (5) months.

ii) What steps would you take to remedy the above situation?

iii) Identify and discuss 3 possible reasons for turnover in your own workplace or any organization (if you are currently not working). Be specific and describe the organization and the issue.

Reference no: EM132941219

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