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Strategies to Reduce Voluntary Employee Turnover in Small Retail Businesses in JamaicaJustus, Georgia 01 January 2017 (has links)
Voluntary employee turnover destabilizes small retail businesses and is a costly business problem for small retail business owners. Some small retail businesses experience voluntary employee turnover of up to 50% annually. Guided by Herzberg's 2-factor theory, the purpose of this multiple case study was to explore successful strategies used to reduce voluntary employee turnover. The target population consisted of 3 small retail business owners in Kingston, Jamaica. Data were collected from semistructured interviews and member checking, and human resource (HR) manuals containing HR policies and procedures. Data were analyzed into emerging themes using Yin's 5-step method. Based on the analysis of the data, 6 themes emerged. These themes included: employee empowerment and involvement, rewards recognition and incentives, career advancement opportunities, competitive compensation and benefits, tools to perform and, positive interpersonal relationships. These themes were identified as the strategies used to reduce turnover. The analysis of the data from the interviews and HR manuals showed that small retail business owners used these combinations of strategies to reduce voluntary employee turnover by increasing overall job satisfaction among employees. The findings from this study may contribute to positive social change by providing strategies to small retail business owners and HR managers to reduce voluntary employee turnover, increase profits, and improve economic conditions in the communities where they operate.
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Transformational Leadership Strategies for Addressing Voluntary Employee TurnoverOsisiogu, Chris A. 01 January 2017 (has links)
For every standard deviation of increase in employee turnover, organizations could suffer a roughly 27% decline in financial performance. Current voluntary employee turnover rates hover between 15% - 40% and the associated unquantifiable indirect costs affecting customer loyalty and creating reputational risks for business leaders. Furthermore, when employees leave an organization for another, a minimum of 95% leave with trade secrets, strategic skills, and acquired knowledge. As a result, turnover has evolved into a significant concern for organizational leaders. Using the transformational leadership concept, the purpose of this single case study was to explore the leadership strategies that bank leaders in southwestern Nigeria use to reduce voluntary employee turnover. The participants included bank leaders in southwestern Nigeria who had demonstrated experience in developing and implementing strategies for reducing voluntary employee turnover. The data collection was through person-to-person interviews with 10 bank leaders and review of the company's documents on employee turnover. The process for analyzing data was supported by word frequency analysis, coding of related phrases, and creating of themes around the codes. The themes from the study revealed that transformational leaders use the following to reduce voluntary employee turnover: remunerations and benefits, career growth and development opportunities, and roles of leadership. Reduction in voluntary employee turnover may contribute to social change by empowering business leaders with requisite strategies for employee engagement and business profitability, enhancing job creation opportunities, and improving the social and general wellbeing of families and communities.
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Retaining Talent in Knowledge Intensive Organizations / Att Behålla Talanger i Kunskapsintensiva OrganisationerGerges, David, Sonander, Magnus January 2004 (has links)
<p>Background: Recruitment and development of employees is a large burden for companies in most industries. Because of this, there is a clear organizational imperative to attract and retain knowledge workers since these constitute an important resource, especially for knowledge intensive organizations. A decisive factor for success is thus to retain and develop this vital resource in order to upgrade and sustain competitive advantage. </p><p>Purpose: The purpose of this thesis is to investigate what internal determinants and structures might be needed for knowledge intensive organizations to ensure their long-term provision of key human resources. </p><p>Practical Approach: In total ten interviews, with interviewees at different levels in the organization, have been conducted. Furthermore, other forms of secondary empirical material of both qualitative and quantitative character have been used. </p><p>Results: It is important for an organization to attempt to create a consistent and durable identity in order to influence the image held by its different stakeholders. We have found that researchers seem to value working in interesting projects. This argument coincides with the conviction that researchers are actually more committed to interesting research than to the employing organization.</p>
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Retaining Talent in Knowledge Intensive Organizations / Att Behålla Talanger i Kunskapsintensiva OrganisationerGerges, David, Sonander, Magnus January 2004 (has links)
Background: Recruitment and development of employees is a large burden for companies in most industries. Because of this, there is a clear organizational imperative to attract and retain knowledge workers since these constitute an important resource, especially for knowledge intensive organizations. A decisive factor for success is thus to retain and develop this vital resource in order to upgrade and sustain competitive advantage. Purpose: The purpose of this thesis is to investigate what internal determinants and structures might be needed for knowledge intensive organizations to ensure their long-term provision of key human resources. Practical Approach: In total ten interviews, with interviewees at different levels in the organization, have been conducted. Furthermore, other forms of secondary empirical material of both qualitative and quantitative character have been used. Results: It is important for an organization to attempt to create a consistent and durable identity in order to influence the image held by its different stakeholders. We have found that researchers seem to value working in interesting projects. This argument coincides with the conviction that researchers are actually more committed to interesting research than to the employing organization.
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Strategies for Reducing Voluntary Employee Turnover in Public SchoolsProctor-Matos, Peggy Teresa 01 January 2019 (has links)
The oversight of systematic approaches to reducing voluntary employee turnover decreases educational institutions’ budgets and performance. In the United States, public schools spend over $2.22 billion annually in voluntary employee turnover costs. The purpose of this qualitative single case study was to explore strategies public school leaders use to reduce voluntary employee turnover. The population consisted of 3 leaders from 1 public school located in Georgia, with successful experience reducing voluntary employee turnover. The conceptual framework for this study was grounded in Vroom’s expectancy theory. The data collection process included semistructured interviews and organizational documents and artifacts. Data were analyzed using a thematic analysis. Three themes emerged from the data collected: building a collaborative and supportive work environment, creating work motivation, and implementing incentives, rewards, and professional development. The implications for positive social change include the potential to reduce the local government’s expenditures associated with the replacement of employees and to increase resources for supporting social initiatives and more effective instruction for students in the community.
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Human Capital Strategies of Leaders in the Food Service IndustryMiller, Olivia Patrice Chanté 01 January 2017 (has links)
High voluntary employee turnover in the food service industry often exceeds 60%. Some food service leaders lack strategies to motivate employees to stay with the organization. High voluntary employee turnover negatively affects organizational profitability due to increased employee replacement costs and reduced organizational productivity. The purpose of this multiple case study was to explore the human capital strategies successful food service leaders use to reduce voluntary employee turnover intentions. The target population consisted of 4 managers of 4 different casual dining restaurants in Winston-Salem, NC who successfully used human capital strategies to reduce voluntary employee turnover intentions. The conceptual frameworks of this study were Herzberg's two-factor theory and G. S. Becker's human capital theory. Data were collected through semi-structured in-person interviews, employee handbooks, manager reference guides, exit interviews, and turnover trend reports. Transcript review and member checking strengthened the credibility and trustworthiness of this study. An inductive analysis of the data lead to the emergence of 4 themes, identified as positive work relationships with employees, employee motivation, employee incentives, and employee selection. Social implications include providing organizational leaders with a better understanding of human capital strategies to reduce voluntary employee turnover intentions. Additionally, the findings from this study may contribute to social change through improved organizational profitability which could increase competitive advantage and economic sustainability in the United States.
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