Why employees tend to leave organizations

Reference no: EM133236010

Assignment - HR and Corporate Strategy Presentation

Description - As the new HR manager of a jewelry company, you have put together some preliminary reports for the CEO. One of the reports you compiled focuses on employee turnover. The jewelry company is an organization with aggressive expansion goals. In the last 2 years, the company has continually hired new employees, yet it has not achieved the staffing levels it desired. The company knew that some employees had left the organization, but turnover rates have not been formally tracked.

After your preliminary fact-finding, you were surprised to discover that the turnover rate for the past year was 38%. You know the CEO will not be pleased with this turnover rate, and you have made the decision to prepare yourself more before presenting the report to the CEO. Turnover presents a significant cost for an organization, so you recognize that this will be an opportunity for you to demonstrate how you can partner with the executive team to turn this situation around and help the company be more competitive. Prepare a short presentation for the CEO on the situation and possible reasons as to why employees are leaving at such a high rate.

As you are preparing your presentation, consider the following:

In detail, discuss several of the reasons why employees tend to leave organizations.

You plan to present the financial impact to the CEO to get a real sense of the significance of the situation. What factors will you consider in preparing this financial estimate? For this assignment, you are not required to determine the actual dollar figure, but instead, you are to consider what would contribute to the cost of turnover.

Being proactive, what measures can be taken to assess the morale of current employees, and how likely they are to leave or stay?

What process do you recommend for partnering with the management team to reduce turnover in the upcoming years?

As you consider your role, how will you position this to the CEO to demonstrate the value you can bring to addressing this problem?

Reference no: EM133236010

Questions Cloud

Understanding of mechanisms of musculoskeletal injury : Please discuss why an understanding of the mechanisms of musculoskeletal injury is essential for an understanding of the characteristics of hazardous

Explain the workers compensation board : Pretend you suddenly injured your back at work when asked to lift heavy boxes. Once at the hospital, you realized you developed a hernia, which resulted in requ

What are the types of disabilities : What are the types of disabilities? What is an example of a reasonable accommodation that you might plan for each type of disability

Development interacts with in an organization : Provide examples from some of the companies detailed in the chapter to support your discussion

Why employees tend to leave organizations : HR and Corporate Strategy Presentation - In detail, discuss several of the reasons why employees tend to leave organizations

Different contemporary definitions of leadership : Compare and contrast the different contemporary definitions of leadership,

Discuss the impact of organizational design : Discuss the impact of organizational design on employee behavior and work outcomes. Essay

Key differences in leadership or lack of leadership : Going back to Katrina and 9-11, compare and contrast the leadership traits and effectiveness of Mayor Ray Nagin, the Mayor of New Orleans during Hurricane Katri

Explain the basics of the exercise : 1. Select a person you have known for six months or more. You will be asking them a series of statements. For each statement you will be recording your thoughts

User Account

All Pages