Combating Employee Turnover Essay Example | Topics and Well Written Essays - 1000 words

Combating Employee Turnover - Essay typefaceThis has been explained in the form of a model in the diagram below Figure 1 Employees Turnover Model Source (Allen, Bryant & Vardaman 2011) If an makeup sees that employees argon unhappy with the work environment and there atomic number 18 some factors that may start the cycle of Employees Turnover Model, then the organization should try to absent them from the environment. They may develop strategies that will improve the work environment, improve employees relationship with others in the organization and try to focus on individual characteristics of workers to make them happy. These strategies will ensure that the employee does not leave the organization. some other idea suggested by Allen et al. discover is that the organization should conduct employees surveys at regular intervals and should develop evidence- make strategies based on the problems identified in these surveys to make sure that employees turnover is compactd and t his can be an effective way to combat the problem of high turnover in the large corporations and organizations. (Allen, Bryant & Vardaman 2011) Another study done on 76 organizations concludes that employment benefits and effective retirement policies reduce the problem of employee turnover by almost 34%. The studys rationale was that employees benefits and retirement programs are given to employees after their retirement. Since gratuity fund grows exponentially, so employees think that lifelong they will stay with the organization, the bigger gratuity or grant they will get. Hence, this motivates them not to quit the job. Therefore, organizations with effective employees benefits and retirements plan tend to retain workers for longer periods than organizations that do not focus on these programs. Another important finding of the research was that it takes almost $3000 to exchange a work in mid-management position. Hence, if these $3000/worker are practised in creating effective retirement and pension plans, then an organization is likely to retain its workers for longer periods (Sutton 2001). In a model developed (Darmna 2000), it was found that replacing the employees that are leaving the organization is quite expensive. Hence, organizations could use half the costs that are played out on recruiting new staff to appease or solving the problems of the leaving staff. They can use the same money to increase their wages or to reduce the de-motivation factors from the organization. This would improve the problem of high employee turnover because factors that were worrisome the employees are being removed from the environment and hygienic factors such as increased pay are being given to them. Hence, there is no reason for them to leave the organization. (Darmna 2000) Participative management is another technique to reduce the problem of high turnover. Participative management believes in the autocratic leadership. It is an approach that calls for management by objective. Here the responsibleness is delegated to workers who are then free to decide how they will go about doing their work. This kind of approach has been exceedingly successful in staff retention and large MNCs are making use of this approach. The illustrious lists of organizations that use this approach are Unilever, Proctor and Gamble, Reckitt-Beckniser and Siemens. It was found that these organizations retain employees twice longer than any other company. one and only(a) reason for this high retention rate is responsibility management and participative