Hertz Employee Turnover Paper

High employee turnover, where workers frequently leave and must be replaced, leads to increased spending on recruitment and training and can indicate management problems. Employees often have good reasons for moving on but if too many are leaving an organisation, can be very disruptive.

Retaining employees is one way the turnover rate can decrease, Branham (2000), focuses on retaining valuable employees by incorporating four key elements. The first key elements is, “be a company that people want to work for”. There are many companies that have been labeled as, “employers of choice”. These employers all have something in common, which is how they value their employers (Branham, 2000). They treat their employees with respect and like family. With being an “employer of choice,” people are the most valuable asset; not just customers but employees too. Many companies go above and beyond for their customers, but not for their employees, yet they wonder why they are losing valuable talent.

When an employee leaves the company of his or her own volition, it is called voluntary turnover. In this essay, I will discuss why voluntary turnover is a problem for many organisations and how to retain employees.

High staff turnover - Introduce the incentives as stated in your case study of Holiday bonuses, free cinema tickets and shop vouchers, for all Staff not just Managers, If staff keep to the system and prove to be “top achievers” rewards them with one of the above, this will boost morale and staff will have something to work toward.

The drivers of turnover include: job characteristics, leadership, relationship, work environment and individual characteristics from A Guide to Analyzing and Managing Employee Turnover. These drivers also caused the high turnover rate at Treadway. Foremen had many responsibilities in their 12-hour shift. They needed to juggle with daily personnel, resources and administrative issues without enough authority. The job characteristic is the main driver to cause the voluntary and dysfunctional turnover. Most of foremen had to face a sink or swim

There are two types of turnover, voluntary turnover happens when the employee makes the decision to leave and involuntary turnover is when employees has no choice in their termination (Schmitz, 2012). Every month or sooner managers experience some of their exceedingly qualified employees leave the company. After realizing that their company is becoming less profitable is when they begin to wonder why and brainstorm on ways to retain them. In Information Technology, “the cost of recruiting new staff is high and the loss of continuity when staff leave can also be very expensive” (Bott, 2005, p. 111). In IT, human resources strive to maintain their highly skilled employees while employees’

The end result of a lack of employee motivation in their jobs is turnover. When one is not happy with their career or job choice and it becomes clear that an employer is only looking out for the profit line of the corporation, employees will actively seek out new employment opportunities. The cost of turnover to an organization is tens of thousands of dollars now vying to be spent on interviewing, selecting, and training a replacement.

Organizations that have workplace issues such as not enough training can cause a higher quitting rate. According to Bhalla (2014), employees that are afforded training that enhance skills have lower turnover rates. Unfortunately, employees that have been trained in multiple skills have a higher turnover rate. The employee believes that they will be more marketable for other job opportunities. When there is a high turnover rate the organization must spend more money on recruiting, hiring and training. Turnover can cause a decrease in motivation with other employees due to vacancies or training the new employee. Longer hours or an increase in workload according to Parker, Jimmieson, and Amiot (2013), brings stress and frustration to the

These issues can be a difficult fix for any business and should be something administration is focused on to maintain a skilled and valued workforce. In this occupation, it is critical for leaders to provide consistent support and encouragement to workers to hold on to these individuals. Employees today are seeking an intrinsically motivating work environment. To achieve this,

In the globalized and changed competitive business world, it is important responsibility to deal with employee turnover for any organization. Effective and efficient management of employee turnover is an essential task to achieve the organizational overhead goals. Significant amount of research has been undertaken to understand the major causes of employee's turnover and retentions mechanisms that organizations should develop, especially in the field of healthcare.

“Setting the right tone in an organization by creating a positive, humanizing environment contributes immeasurably to staff effectiveness. Creating an organizational culture in which values are clearly stated and staff are encouraged to invest in achieving the agency’s mission.” (Brody, pg 379) When taking a look at any organization we need to look at the many factors that come in to play when trying to make an organization run smoothly. Having good leadership skills is vital for the growth of any agency. “A skilled, committed, and caring staff is crucial for every productive human service organization. (Brody 91) At times employers forget that your employees are the most valuable asset within their organization, without the employee’s drive

Turnover results in more turnovers - When an employee leaves, the mood in the office changes. This effect is felt throughout the organization. The other employees are required to make up for the loss. This might lead to more employees leaving the organization.

Employee retention has always been an important focus for human resource managers. Once a company has invested time and money to recruit and train a good employee, it is in their own best interest to retain that employee, to further develop and motivate him so that he continues to provide value to the organization. But, employers must also recognize and tend to what is in the best interest of their employees, if they intend to keep them. When a company overlooks the needs of its employees and focuses only on the needs of the organization, turnover often results. Excessive turnover in an organization is a prime indicator that something is not right in the employee environment. We will look at

Employee retention has always been an important focus for human resource managers. Once a company has invested time and money to recruit and train a good employee, it is in their own best interest to retain that employee, to further develop and motivate him so that he continues to provide value to the organization. But, employers must also recognize and tend to what is in the best interest of their employees, if they intend to keep them. When a company overlooks the needs of its employees and focuses only on the needs of the organization, turnover often results. Excessive turnover in an organization is a prime indicator that something is not right in the employee environment. We will look at

According to Bloomberg, the retail sector is experiencing staff turnover rate of roughly 5% per month. In following the trend, Wal-Mart would lose 60% of employees on average (Mayer & Noiseux, 2015). Employees site multiple reasons for leaving voluntarily or termination due to lack of job training, and employee recognition Lieb & Lieb, 2013). Companies currently have less than stellar strategies retaining employees resulting in the high turnover rates, which affect profitability (Das, 2015).