This website uses cookies to ensure you have the best experience. Learn more

A Study Of High Attrition Rates On Organizations, It's Consequences, And Possible Solutions To The Problem.

2451 words - 10 pages

"In a highly competitive environment, organizations need to retain their talented employees in order to sustain their competitive position in the market. Examine and analyze the positive impact of retaining good employees in organizations."Content PageIntroductionFactors contributing to employee attrition rates-Career Prospects-Organizational Identity-Work Commitment-Monetary Incentive-Involuntary TurnoverConsequences of high attrition rates to organizations-Reputational Damage-High Training Costs incurred-High percentage of Unskilled Labor-Morale DamageSolutions and strategies to retain valuable talents to the organization-Tangible and Non-tangible benefits-Satisfaction-Locating and identifying talents-MoraleConclusionBibliographyIntroductionMuch research focus in the late 90s' was put into evaluating and improving commitment among employees (Mowday, Porter, & Steers, 1982); Mowday (1982) has shown that there is a direct link between employee commitment and voluntary turnover. Other studies also conclude a connection to interlocking attributes such as organizational citizenship (O'Reilly & Chatman, 1986), as well as employee performance (Meyer, Paunonen, Gellatly, Goffin, & Jack-son, 1989). Lynn McFarlane Shore, Kevin Barksdale and Ted H. Shore (1995) have shown thoroughly in their journal the inter-relation between all the above mentioned factors.Retention can be widely defined as "a systematic effort by employers to create and foster an environment that encourages current employees to remain employed by having policies and practices in place that address their diverse needs" Workforce Planning for Wisconsin State Government (2005).Although such studies on employee retention have already been widely done and in place, but like Isaac Asimov said, "The only constant is change", and it is no exception for our modern-day working environments. Thus, we have to constantly update ourselves on such vital information and make sure that the driving factors for employee turnover rates are still valid and applicable.Factors contributing to employee attrition ratesWhat contributes to a high attrition rate? What really motivates an employee to stay or go? Hian Chye Koh & Chye Tee Goh (1995) have confirmed using correlation tests that demographic and job attitude factors are not significantly associated with turnover intention as in with job satisfaction factors. The four most prominent factors that have arisen from their research is satisfaction with career future, company identity, kind of work and financial rewards.In 2005, Mane Hajdin published an article examining the direct correlations of employee loyalty on employee retention rates, and also proposing arguments that other more tangible factors could be a bigger driving force towards the employee turnover.Mitchell & Lee (2001) proposed in their model that job embeddedness is a direct function of the intention to quit. It suggests that the intention to quit is always there for every...

Find Another Essay On A study of high attrition rates on organizations, it's consequences, and possible solutions to the problem.

The Problem of Understanding and Its Possible Solutions in "Our Time" by John Edgar Wideman and "Indians" by Jane Tompkins

895 words - 4 pages what's mine? Where does it fit?"Both authors try to find a solution to the problem of misrepresenting the reality. Wideman does this by letting his brother talk directly to the reader, simply transferring his words to the paper. In this way he is able to present the "true" Robby to the readers and to avoid turning his personality, actions and feelings into a make-believe. Tompkins, however, cannot give the word to the Indians, because the few that

5 Solutions That Will Prevent High Bounce Rates On Your Hospital's Website

601 words - 3 pages 5 Solutions That Will Prevent High Bounce Rates On Your Hospital's Website Firms are taking advantage of the digital revolution world over. However, the health industry has been slow to take up the digital opportunity. Many others that have gone online are stuck in low traffic or high bounce rate. The inability to come up with innovative ways to get the patients to interact with the hospital website leads to several missed opportunities. A

5 Solutions That Will Prevent High Bounce Rates On Your Hospital's Website

596 words - 3 pages 5 Solutions That Will Prevent High Bounce Rates On Your Hospital's Website Firms are taking advantage of the digital revolution world over. However, the health industry has been slow to take up the digital opportunity. Many others that have gone online are stuck in low traffic or high bounce rate. The inability to come up with innovative ways to get the patients to interact with the hospital website leads to several missed opportunities. A

Examining Causes of School Violence and Solutions to the Problem

1766 words - 7 pages are traumatic in large measure because they are unexpected. The shrapnel from bullets fired on school grounds have a way of touching the lives of many. Often times after a senseless act of violence in our schools we ask ourselves what went wrong and what could we have done to prevent the bloodshed. Coordinated school efforts can help, but the solution does not just rest in the schools. Together we must develop solutions that are community-wide and

Possible Solutions to Remedy the Detrimental Effects of Soil Acidity on Tropical Agriculture

2174 words - 9 pages Possible Solutions to Remedy the Detrimental Effects of Soil Acidity on Tropical Agriculture Arable tropical soils, which mainly consist of Oxisols and Ultisols but also include regions of Inceptisols and Alfisols, cover approximately one billion hectares; this area represents 33 percent of the total potentially arable land of this world which does not require irrigation. Most of these soils have optimum conditions for crop production

Solutions to the Problem of Deforestation

965 words - 4 pages Solutions to the Problem of Deforestation Personal: There are many things that one can do personally to rectify the problem of Deforestation. These include such things as using wood sparingly, planting indigenous trees, purchasing the most ecologically sensitive products, recycling paper, reducing consumption of wood related products, communicating your opinions to the proper authorities, calling on forestry

The solutions to problem of domestic waste

1049 words - 5 pages with the domestic waste problem. To ameliorate the problem, the possible solutions could be building incinerators, enlarging the area for landfills and reducing the amount of domestic waste, with the last one being the best solution. One of the possible solutions might be to build incinerators. Wastes from different sources could be collected together and sent to the incinerators which burn them into ashes to reduce the volume before sending to

Solutions to the Problem of Electronic Waste

1417 words - 6 pages obsolete or non-working electronic and electrical devices. Electronic waste can have a high level of danger because of contaminants like mercury, beryllium, cadmium, lead and brominated flame retardants discharging of which into environment may lead to formation of defeat and to pollution of surroundings. Methods of each country to solve this problem are different but, in general, the aim is to reduce negative environmental impacts through

Solutions to the Problem of Domestic Violence

814 words - 3 pages authorities.           Really, in the last three paragraphs, we have just been looking at a very few solutions available to keep the numbers of domestic violence down, but there are many more, which are correlated to this topic. But it is ones own responsibility to be aware of domestic violence, and offer help and support to sufferers, because you may be among one of the 1.5 million victims some day. It is unfortunate that not for every problem in the world, there is one solution, but working together as a team, we can make that difference, which is worth, even by just by saving one kid, from the destruction of his one and only childhood.           

Study to assess the effect of developing a job according to the value chain recognized in the company and it's effect subsequently on all HR processes

9071 words - 36 pages proper attitudes matching the organization's culture.The main purpose of this study is to assess the effect of developing a job and candidate profile according to the value chain recognized in the company and it's effect subsequently on all HR processes from recruitment, job evaluation, compensation and benefits, training and career developmentThe importance of the study and it's outcomes are all based on the assumption that the job , candidate

The World's Least Liveable Countries: Yemen - A report on how its infrastructure, geography, culture effect it's economy and solutions to the limitations

1562 words - 6 pages [ My teacher was kind of a sap, that explans the ridiculously high mark ]Yemen is 527,970 square kilometres in area, approximately 9.5% of that land is arable. Yemen has no bodies of water within itself and has 1,906 kilometres of coastline. Yemen rests on the southern tip of the Arabian Peninsula. Its neighbouring countries are Saudi Arabia to the north and Oman to the east. A large part of the border between Yemen and Saudi Arabia has not yet

Similar Essays

Possible Solutions To The Problem Of Pollution

535 words - 2 pages environment but would help many Americans with the high gasoline prices. Carpooling would also be a great thing to do more of. Few Americans do car pool but, not nearly enough. If more people carpooled it would result in less cars on the road and less pollution in the air.Some people think that air pollution does not harm the earth or the people, but it does the exact opposite. One problem is the hole in our ozone layer. The ozone's purpose is to

Possible Solutions To The Youth Violence Problem

1645 words - 7 pages Possible Solutions to the Youth Violence Problem The birds are chirping, the sun is beaming down through the clouds, and you can hear the shrieks of excitement from the neighborhood park. Walking down the street, you envision raising your family on this picture-perfect street. As the vision becomes more and more detailed, however, the shot of a gun rings out from the distance. You duck behind a parked car, wondering where the bullet

There Are Many Threats To Global Food Supplies. Explain The Problem, Identify Possible Solutions And Assess The Implications Of Implementing These

786 words - 4 pages these solutions. In the next 40 years the world’s population is predicted to rise to 9 billion, that amount of people living on this planet would put a lot of strain on the agricultural sector, there would be more demand for food and water. According to (Ryan, 2010) Agricultural land loss is a growing problem in most countries and across the globe as our world population increases. One of the major problem affecting the global food supply is

Describe One Problem Associated With Urbanisation And Evaluate The Strengths And Weaknesses Of At Least Two Possible Solutions

1484 words - 6 pages implement a set of long term program and policies to aim at reducing air pollution and to improve health, as the government organizations are playing an important leading role in this sector. (Public Health and Environment, 2014) They also mention each country’s solution for air pollution differs, and it is depends on its development and the geography. In order to deal with this, WHO has collected a set of database which is offered to the