The Negative Effect and Consequences of Employee Turnover and Retention on the Organization and Its Staff

2014 European Journal of Business and Management  
Employee turnover which is considered to be one of the challenging issues in business creates insecurity for organizational workforce. The negative effect of turnover has been the focus of top management in almost every industry. It indicates that turnover is one of the most expensive and difficult workforce challenges facing organizations. The intention of the study is to examine how the organization is negatively affected by employee turnover and how it impinges on other staff members. The
more » ... earcher will study secondary data to verify distinctive reasoning for turnover in order to supply supportive information but also performing an employee questionnaire or survey to obtain direct input from the faithful employees to aid in collecting actual information. The researcher will conduct the required business research to evaluate the contributing factors relating to turnover rates. Researcher will analyze the present economic situation and inspect any association to increased turnover rates. Implement employee recognition programs and rewards through tough economic times might promote retention. The aim of the study were to identify the definite intentions of turnover, its harmful effects and possible suggestions that could be supportive to the industries for their efficiency, productivity and performance. 59 My direct supervisor has strong human relations skills Interpretation of Data: the third statement is welcomed by 85% agreeing that their supervisor has strong human relations skills and 15% disagree with the statement. Management team must realize that they have to be on the same page when it comes to human relations. This indicates that perhaps one of the supervisors may have a slight different style than the others. Human relation skills training may be essential in this case. Communication is encouraged in this company Interpretation of Data: companies communication is highly praised by 90% agree with the statement that communication is encouraged in the company. On the other hand, 10% disagree with the statement and do not believe the company encourages communication. Even though, majority believes that organization encourages communication, management team must look-in to ways that all employees receive the necessary messages through different channels of communication. 60 This organization possesses a recognition program. Interpretation of Data: The organization appears to gain a majority as 90% agreement with recognition program provided by the organization. In addition, 10% strongly agree with the statement. This indicates the organization values the recognition process in which aids in retention of employees. Growth opportunities have been presented to you. Interpretation of Data: in providing growth opportunity and promotion 65% strongly agree with the statement and 12% agree. Nevertheless, 23% disagree with statement and believe the company does not provide opportunity for growth. Once again it is recommended that management team to give all employees an equal opportunity based on their qualification for the growth. Interpretation of Data: as the survey indicates 80% agrees with statement that they are happy with the work they do and 15% strongly agree with that fact. On the other hand, 5% strongly disagree and they unhappy with their jobs. Management team must identify the obstacles that perhaps causing the dissatisfaction with the job. There is job security with this organization. Interpretation of Data: in job security with this company 80% feel secure and 15% feel strongly secure with this company. There are 12% disagreements with the organization's security. Management team needs to pay attention to the skills training and encouragement in building self esteem in all their employees. Interpretation of Data: according to 85% training is provided within this organization at the same time 10% strongly agree with the statement. Nonetheless, 5% disagree and believe training is not provided. This indicates that majority of staff get their training within this organization and a minute number of employees perhaps need the necessary training to perform their duties confidently. Employees are treated with respect. Interpretation of Data: The survey shows that all staff members believe that they are treated with respect at the organization as indicated by 80% agrees and 20% strongly agree with the statement. The survey signifies a favorable response to respect and dignity preserved by the company.
doi:10.7176/ejbm/5-25-2013-01 fatcat:lltjowiidvb2pano6jidspj34q