Impacts of HR on Employees Turnover

Impacts of HR on Employees Turnover

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  Impacts of HRon Employees Turnover
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  Group Members Name ID Md.YeasirArafat Mahmudul Hasan Masum Hussain Romana Begum Farhana Jahan Liza Tahfim Ahmed Chowdhury 1611017008 1611017014 1611017021 1611017047 1611017049 1611017051 Section: C, Semester: 4th Department of Business Administration Leading University, Sylhet.
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  What is EmployeeTurnover? The rate at which employees leave a company and are replaced by new Employees. One of the critically challenging issues in business world. Estimated probability that employees will stay or leave the organization. May triggered by - quits, attrition, exits, mobility, migration, succession.
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  Employee Turnover Sparks Obstaclestoward achieving organizational objectives. Delay in innovation process & weak service consistency. Increasing pressure for the current employees in organization & Reflects poor organizational image. Overall bad impact on organizational performance & effectiveness.
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  Types of EmployeeTurnover Functional Turnover: results in the leave of poor performers. Dysfunctional Turnover: Results in the leave of high performers. Avoidable Turnover: Triggers from controllable circumstances. Unavoidable Circumstances: Macro factors & the employee will.
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  Types of Turnover VoluntaryTurnover: Employee leaves because he leaves. Involuntary Turnover: Can be a force turnover, result of death, sickness of the employee. Skilled Turnover: Skilled employees are going outside. Unskilled Turnover: Unskilled man force outflow. Internal & External Turnover
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  Factors Affecting Turnover Available Alternative Jobs: Resourceful market, industry boom, high labor demand.  The Characteristics of the Job: If the job is dull in nature, high workload, highly routined.  Personality of the Employee: If the personality of the employee & the job nature is not compatible, Job lacks what the employee demands, sudden change in employees personal life.  Wrong handling of the recruitment & selection process of the employee.  Unfavorable working environment.
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  Factors Affecting Turnover Lack of opportunity for career advancement- less hope less stability.  Inadequate training and supervision- excellence leads to excellence.  Unequal wage- there is nothing like friendship!  Job involvement- interest begets performance.  Leadership- Steve Job is Steve Jobs!  Professionalism in the organization.
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  Relation with Productivity Efficiencydemands a certain time to be achieved. On the job training may costs a significant portion of skilled employees natural effort. Lack of proper training from the part of the organization or failing to absorb training things from the new employees side. Understanding cultural symphony of an organization is a pretty long process. Any secret treaty of an active employee with other organization may slow down the respective employees performance.
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  Methods of ControllingTurnover Realistic Job Preview: Is one of the most effective elements to reduce employee turnover. It can facilitates:  Reduction of gap between employee expectations and reality.  Facilitates commitment to the choice organization.  Helps effective self selection.  Value orientation process.  Copying efficiency.
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  Job Enrichment &Workspace Matters  Job Enrichment:  A theory championed by Frederick Hertzberg.  Handy in controlling employee turnover.  Allows employee to engage with their full potential.  Big people are for big stages! Workspace Characteristics:  Unique physical environment stretches impact on employees job related behavior, environment may act as an facilitator or the contrary to the employee holding effort.
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  Methods of ControllingTurnover  Compensation Practices:  Dissatisfaction regarding pay is one of the prime reasons of employee turnover.  Competitive pay scale must be ensured to sustain competition.  Maximums of the past employee turnover records worldwide shows payment is a big concern.  High Involvement in Work:  May facilitates employee retention.  High investment in job involvement Ensures higher employee enthusiasm.
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  Methods of ControllingTurnovers  Socialization Practices:  Very crucial to make the newcomers feel home.  Initial periods poses greater vulnerability toward employee holding efforts.  Basic reason of untimely resignation of the employees is weak socialization process.  Significant socialization practices involves:  On site orientations, off site residence.  New recruits & senior co-workers.  Peers/ supervisors.  Social/recreation.  Business trips.
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  Causes to Turnover 1)Healthy Salary Structure. 2) Poor Management. 3) Unfavorable Job Location. 4) Availability of Alternatives. 5) Job Insecurity. 6) Job Dissatisfaction. 7) Heavy Workload. 8) Less Space for Work-Life Balance.
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  Factors that FacilitatesRetention 1) Job Security. 2) Pension Plan. 3) Favorable Job Location. 4) Competitive Salary Structure. 5) Proper Training & Development Opportunity. 6) Proper Performance Management. 7) Space for Comfortable Work-Life Balance. 8) Sound Working Environment.
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  The Conclusion Chain ofthe overall argument…
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  Thank You!