StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Employee retention/motivation - Assignment Example

Cite this document
Summary
The survey at a major fast food outlet found that although employees are happy, it would not require much though and effort on their part to leave their current job. This is an ideal example that could lead to attrition of employees. In order to understand the root causes behind…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Employee retention/motivation
Read Text Preview

Extract of sample "Employee retention/motivation"

Employee retention/motivation Contents Contents 2 Employee retention: needs and root causes 3 Cost of employee retention 3 Time and resources involved in employee retention 4Measures of employee retention 4Involvement of parents 4Reference 5Employee retention: needs and root causesThe survey at a major fast food outlet found that although employees are happy, it would not require much though and effort on their part to leave their current job. This is an ideal example that could lead to attrition of employees.

In order to understand the root causes behind this mindset, the demographics and the needs of the employees should be understood. The majority of the employees in the fast food outlet are school going students. Although this is a source of income for their livelihood, they have aspirations to do far better in their career after completing their education. The employees therefore, have not got themselves aligned with the goals of the fast food company that they are working for. Thus lack of motivation and attractions of a better opportunity would not take them much to leave.

From the organizational perspective, this could be a concern of loosing trained employees for which the need of employee retention would arise.Cost of employee retentionThe fast food entity would need to bear the cost of employee retention. The cost would be incurred in order to motivate them and make them proud of the job that they are doing. The employees could be shown the career path available in the organization and the comparative advantages of their current job as compared to the opportunities available in the market.

The company could also look to provide salary and allowances that are best as per the industry standards and also provide attractive incentives. The benefits of being involved in a good work culture and the importance of learning from the work experience should be conveyed to the employees through proper training (McCooey, 2009, p.24). The expenses of all these activities sum up to form the total cost of employee retention.Time and resources involved in employee retentionThe employee retention methodologies are implemented over a period of time by using the resources available with the company.

The changes in the mindset of the employees could be brought about by the co-ordination of its resources. The various resources that could contribute to the cause of employee retention are the senior manpower resources of the company who could guide the junior employees of the relative benefits in their course of daily work. The monetary resources are also spent in conducting trainings and seminars in order to channelize the energy of the youth in a proper direction for the organizational cause.

Measures of employee retentionThe measures of employee retention are important as the organization never wants to loose its trained staffs as they have been carrying out the work efficiently. These staffs have been trained and the company has already incurred a cost. The attrition of the employees and the recruitment of new staffs in their place would require the company to incur the same cost of training once more that would reduce the profitability of the companies. The measures of employee retention are likely to increase the profitability of the company.

Involvement of parentsAs the fast food chain involves a majority of staffs who are school going children, their parents should also be involved in the method undertaken for retention of their employees. By gaining the confidence of the parents, the fast food chain would be able to retain their staffs as the school going employees are believed to act as per the directions of their parents. ReferenceMcCooey, D. 2009. Keeping Good Employees On Board: Employee Retention Strategies to Navigate Any Economic Storm.

USA: Morgan James Publishing.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Employee retention/motivation Assignment Example | Topics and Well Written Essays - 500 words”, n.d.)
Employee retention/motivation Assignment Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/management/1623084-employee-retentionmotivation
(Employee retention/Motivation Assignment Example | Topics and Well Written Essays - 500 Words)
Employee retention/Motivation Assignment Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/management/1623084-employee-retentionmotivation.
“Employee retention/Motivation Assignment Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/management/1623084-employee-retentionmotivation.
  • Cited: 0 times

CHECK THESE SAMPLES OF Employee retention/motivation

How can a manager motivate a workforce and what are the major benefits of this to a company

motivation means a self-generated desire to do things.... Nonfinancial Factors – a Key to motivation The Institute of Leadership & Management (ILM) based at the UK conducted a survey to find how organizations, employees, and managers in the UK feel about the various motivating factors in current times.... He states, "Jobs once pushed an engineer to accelerate a Macintosh's boot-up time, even after the employee explained why it would be impossible....
4 Pages (1000 words) Essay

Money as a motivator

However, is money a key motivator in our aspiration to get it at all costs … Various things serve as motivation for different people.... As the results of new interrogation show, the good wages and safety of work is what people pay attention choosing the employer, but if you want to keep the motivation of employees in your case the work will be the key factor holding them in your company.... In order to obtain the employee's opinion different interrogations are held in different countries of the world....
4 Pages (1000 words) Essay

Fair Payment System

Fair pay or sound remuneration strategies play a pivotal role in employee retention, motivation and overall performance.... First we need to understand that when an employee starts working for an organization, it establishes a relationship between the employer and the employee.... We call these exchange relationships since employee promises to offer something for the payment he hopes to receive....
4 Pages (1000 words) Essay

The Factors and Process That Affect Motivation in Organisations

motivation is a very important topic in management since it is one of the key factors for all employees that can allow them to perform to their highest level in terms of efficiency and output.... While there are several cases and the names of many companies can be mentioned when it… comes to those who excel at motivating their employees, I feel that GE is the one company which can be used as the poster child for the idea of motivation especially when it comes to the innovative ways in which GE creates positive motivation by rewarding employees who GE as a company has been focused on HR and committed to its employees in many ways which go beyond the norms of reward management as compared to other companies....
8 Pages (2000 words) Essay

HOW TO BE AN EFFECTIVE SUPERVISOR

Educational institutions, corporations, public and private organizations are among… In any working environment, a skilled supervisor is an employee motivator, effective communicator and a problem solver (Rue, 2010).... Conflicts in the work place are common, and they may occur between a supervisor and employee or a client and the worker.... Too much focus to employees' weaknesses may result to reduced employee morale and discouragement....
4 Pages (1000 words) Essay

Motivation Plays a Key Role in the Performance of the Employees

The paper "motivation Plays a Key Role in the Performance of the Employees" highlights that organizations or leaders for their part, as pointed by Crawford in his article, have to implement effective motivational strategies to keep the motivational levels of the employees at optimum levels.... hellip; It is clear that motivation plays a key role in the performance of the employees and thereby on the success or even failure of an organization.... t the basic level, motivation can be viewed or termed as the inner drive that would make humans think as well as act in a particular manner....
10 Pages (2500 words) Essay

Motivational Theories and Their Critical Role for Employees

nbsp;One of the most exciting and challenging theories encompassing human behavior in organizations is motivation.... motivation is the intrinsic inducement that propels an individual to behave in specific ways.... There have been a significant number of literature covering the nature, theories, and applications of motivation and its effect on job performance and satisfaction.... Various scholars on human resources revealed diverse theories on motivation over time....
10 Pages (2500 words) Research Paper

HRM Art - the Right People at the Right Time in the Right Place

The author of the paper «HRM Art - the Right People at the Right Time in the Right Place» gives advice how to hire competent specialists, support their motivation for maximum commitment for the good of the company, find a balance between the needs of the organization and the staff.... HRM has two important functions; one with respect to the organizational needs and the other related to the employee needs....
12 Pages (3000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us