Analysis of High Turnover Rate :: essays research papers

Analysis of High Turnover Rate initiationHigh disturbance rate of minorities and female employees has become a skilful issue in the United States. Even though many ethnical races form this country, male Anglo-Saxons dominate the majority of the workforce. It is not uncommon for minority and female employees to leave their conjunction after just now working for a few years. Why has this behavior become a trend? In order to stop this trend, companies must ask themselves several questions. For example, what are the issues create the high swage rate? What legal and ethical issues are the companies lining? After these questions have been asked and processed, solutions must be implemented to change the current of the trend. While implementing solutions to the high dollar volume rate, companies must know and visualize the faithfulness. The law is created and enforced by the government to prevent any discrimination or biases between the union and employees. It also prevents the strong, corporations, from taking advantage of the weak, employees. Keeping a high turnover rate, companies will continue to lose m integrityy until they go down to deal with the issue. Through some adjustments and implementations of the programs to lower turnover rates, the company bear see a significant change in their costs and what they force actually save. Companies must understand the potential hazard that high turnover rate may cause company. By analyzing banks, one can understand what and where the problem lies.Statement of ProblemEmployee turnover costs are very(prenominal) costly to a company. Turnover not only affects the perforate run along but also affects the companys morale. We are analyzing the problems within our company that are causing our employees to become unsatisfied with their job. Then we are issue to find solutions. And then do the cost estimates of the turnover costs and the turnover savings after our solutions are implemented.Without understand the negative impacts of turnover, a company may be placing itself in a position that will in the end lead to their demise. We are going to solve our problems and set our company on the path to success, a success that is not only reflected in our bottom line but also our employees morale.HistoryANALYSISCurrently, the Bank of Tomenak employees 20,000 people, which only 35% are female or minority. The average biannual turnover rate for our females and minority employees is 65%. The average turnover cost for one employee is estimated to be 18% of their annual salary.