P9 Dvm Essay

921 WordsMar 29, 20154 Pages
P9-Management decision –To keep the employee turnover Low Employees leave organizations for many reasons; oftentimes these reasons are unknown to their employers. Employers need to listen to employees’ needs and implement retention strategies to make employees feel valued and engaged in order to keep them. These retention methods can have a significant and positive impact on an organization’s turnover rate. Here we’ll take a look at some of these strategies. There are seven main reasons why employees leave a company: ➢ Employees feel the job or workplace is not what they expected. ➢ There is a mismatch between the job and person. ➢ There is too little coaching and feedback. ➢ There are too few growth and advancement opportunities. ➢ Employees feel devalued and unrecognized. ➢ Employees feel stress from overwork and have a work/life imbalance. ➢ There is a loss of trust and confidence in senior leaders Turnover is costly. A talent and career management consulting firm, it costs nearly three times an employee’s salary to replace someone, which includes recruitment, severance, lost productivity, and lost opportunities. It’s important to develop a retention plan to retain employees and keep turnover low. There are some effective methods that can be utilize in order to keep employees happy and part of their organization instead of looking for employment opportunities elsewhere. Training: Training employees strengthen their sense of value. During training, employers help employees achieve goals and ensure they have a solid understanding of their job requirements. Install a positive culture. A company must establish a series of values as the basis for culture such as honesty, excellence, attitude, respect, and teamwork. A company that creates the right culture will have an gain when it comes to attracting and keeping

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