Research Paper

Attraction Release Recruitment Retention Induction Reward Development TM › Causes, Effects and Retention Strategies Employee Attrition Introduction According to the CIPD, everyplace 77% of UK organisations reported difficulties retaining employees in 2004. Recruiting and training replacement employees rout out be courtly and utilise considerable internal resource. The CIPD estimates the cost of an employee leaving at £4,300, rising to £6,800 in the case of managers and professionals1. beating-reed instrument Consulting conducted a primary research survey to help UK organisations unclutter a greater understanding of the abstruse craft issues elevated by staff attrition. This report presents the survey findings, and one of our wizard consultants provides insight into the practical steps to managing the challenges faced. We hope that this report exit support HR professionals and other business leaders to mend staff keeping within their organisations. Often of greater impressiveness however is the loss to the organisation of key skills, knowledge and business relationships when employees leave. In the current climate of low unemployment (at its lowest take aim since 19812), and skills shortages, retaining existing employees has become a key business issue.

Contents decision maker summary Methodology When do employees leave Organisational factors & job tenure Why do employees leave Managing employee attrition Identifying the level & cost of employee turnover Understand wherefore employees leave Implement a retention strategy › › › › › › › › › 1 1 2 3 5 7 7 8 9 Executive Summary This report seeks to utilise primary research in order to offer a greater understanding of the complex issues raised by staff attrition. Specific aims were to: What can employers do to minimise the incidence of, and impact of employee turnover? Developing an employee retention strategy involves three stages: 1. Identify the level and cost of turnover and benchmarking it against competitors 2. Understand why employees leave 3. Implement... If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper