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Turnover And Absenteeism Essay

974 words - 4 pages

"The days of going to work for an organization and staying till retirement are long gone. Often, employees will move from job to job because they are unhappy with some aspect of the job. Sometimes, they leave because that are in a stagnant situation and there's nowhere for them to go, and no way to advance (Providing a Career)." Employee turnover is a major problem that is plaguing American businesses. High turnover of employees lowers profits and lowers employee morale. "In an organization with 3,000 employees and an average salary of $45,000, a 1 percent reduction in turnover equals more than $1.3 million in retained profits(2)." With reduction in employee turnover proving to be so valuable, why aren't more companies attempting this? The reason is that most companies do not know how. Some ways to do this are to hire the right employees the first time, develop effective Human Resource practices, and proper training for company supervisors."The first and probably most important issue it to provide proper training for company supervisors. John Tschohl, founder and president of the Service Quality Institute said," I would guess that bad bosses are the major cause of employee turnover." He also said, "The number-one reason employees leave their jobs is not because of money, it's because they work for bad bosses and don't feel valued and appreciated." This is often caused because the company does not hire the right boss for the job. In many cases they were not trained properly on how to be a boss, or encourage good performance. Tschohl also adds that often people are promoted to leadership positions for the wrong reasons. They are promoted because they show great skill or expertise in the area at hand, but have no leadership qualities what so ever. This can be devastating to a workplace. Good people skills area critical trait for a good boss to have. There are a couple of things you can do to be the best boss possible. The first is to seek training. Read books, buy training programs or enroll in seminars that will teach you how to be the best boss possible. Next you have to treat all employees with respect. Every employee, no matter how menial the job or low the pay deserves to be treated with respect"Low-cost)."The next area to focus on if you want to decrease employee turnover is to develop more effective human resource practices and policies. Effective human resource policies directly effect revenue growth, profit growth, and help to reduce employee turnover. "Small businesses that implement effective employee management strategies have seen a 22 percent higher revenue growth, a 23 percent higher profit growth, and a 66 percent reduction in employee turnover than those companies that do not follow these practices(Employee Management)""Another effective way to reduce employee turnover is to change your recruitment and selection processes when hiring. If you hire the right person for the job the first time, the chances of you having to rehire for...

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