Performance Management
Personnel Issues
As the new HR Manager, you have put together some
preliminary reports for the CEO. One of the reports you compiled focuses on
employee turnover. The company you work for is an organization with aggressive
expansion goals. In the last 2 years, it has continually hired new employees,
yet it has not achieved the staffing levels it desired. The company knew that
some employees had left the organization, but turnover rates had not been
formally tracked.
After your preliminary fact-finding, you were surprised to
discover that the turnover rate for the past year was 38%. You know the CEO
will not be pleased with this turnover rate, and you have made the decision to
prepare yourself more before presenting the report to the CEO. Because turnover
presents a significant cost for an organization, you recognize that this will
be an opportunity for you to demonstrate how you can partner with the executive
team to turn this situation around and help the company be more competitive.
Prepare a short presentation for the CEO on the situation and possible reasons
why employees are leaving at such a high rate.
As you are preparing your presentation, consider the
following:
* In detail, discuss some of the general reasons why
employees tend to leave organizations.
* You plan to present the financial impact to the CEO. This
will help the CEO to get a real sense of the significance of the situation.
What factors will you consider in preparing this financial estimate? For this
assignment, you are not required to determine the actual dollar figure, but
instead, you are to consider what would contribute to the cost of turnover.
* Being proactive, what measures can be taken to assess the
morale of current employees and how likely they are to leave or stay?
o Describe at least 3 methods you could use to measure
employee morale.
o What are the advantages and disadvantages of each method?
