Business Report. The Writer Addresses Term Paper

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Beginning next month we will assign lines, tasks and workstations based on employee preference and company need and those will remain in place for 18 months. This will allow members of the team to get to know each other and provide the feeling of working as part of a team. The 18-month limit however, will provide the security for the workers who do not like their workstations or their team members of knowing they will be able to move again in 18 months.

THE LONG-TERM

While these strategies may work to help reduce the percentage of employees leaving for this company there needs to be a long-term solution as well. The company will seek out, recruit and hire a retention manager.

The retention manager will be hired for the sole purpose of monitoring our retention rates, implementing the programs we have listed and working to add more programs aimed at retaining our talent.

The retention manager will be expected to seek out and understand all current research and data with regards to national retention trends and use a proactive approach in the attempt to retain the employees.

This manager will have the power to implement changes, programs and other benefits as long as they are discussed ahead of time with management in the hopes of improving retention.

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CONCLUSION

The problem of employee retention has been a growing one for several decades. Today, employees do not feel the loyalty that they did in years past when it comes to leaving companies that have employed them.

Whether it is because of the ability to move around, the removed stigma of days gone by when it comes to job hopping or different needs and interests from what previous generations had with regards to their careers the fact remains that it is a growing issue throughout America.

The loss of employees that we have taken time to recruit, hire and train is financially important as we have to slow production as new employees come online, we have to renew various occupational licenses for new hires and we are in the position of hiring temporary administrative people any time one of our administrative employees leave.

The time has come to begin a proactive approach to employee retention.

The strategies discussed in this report will begin immediately and we will reconvene in six months with data to determine the effectiveness of our efforts and to analyze any needed changes......

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"Business Report The Writer Addresses" (2006, November 05) Retrieved April 27, 2024, from
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"Business Report The Writer Addresses", 05 November 2006, Accessed.27 April. 2024,
https://www.aceyourpaper.com/essays/business-report-writer-addresses-41996
   

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