Briefly explain the method of reduction in employee turn over

Economics research indicates that investments
such
as pay and benefits in the human capital of an organization reduce voluntary turnover (Osterman, 1987). Considering the above factors and the importance, prioritizing a solution for incentives structure, considering a plausible restructuring plan to keep the
employees
happy while archiving company targets could be considered immediately. These actions will assist retain
employees
who matter the most in the given circumstance. It is worth re-examining not just pay but
also
your recruitment and induction process, career development opportunities, staff morale, and take necessary steps to improve. Appraisals provide opportunities to communicate company expectations, collect
employees
’ intentions and improve understanding among both parties. Review the quality of performance appraisal, how fair it's been conducted, and take action to improve mishandlings would be recommended to create better stability with the
employee
and the management. Identify capabilities by diverting responsibilities and recognize
employees
for their professional growth or allowing them to identify missing qualifications and drive
employees
to improve themselves would be a practical and fair solution. In general exit interviews are more practical tools in discovering, the actual reasons for departure (Oliver, J., 1998). Conducting Exit interviews may seem irrelevant when the urgency is to fill the vacancies.
However
well-structured approach could provide real reasons for leaving,
in addition
to
employee
attitudes about the company and present supervisor’s quality of service. Which
indeed
Add a missing verb
is indeed
show examples
useful for
employee
retention, future recruitments, and management decisions.
Therefore
, it would be more successful if the discussion could be arranged after discharging the
employee
from all obligations and should be done without the involvement of the immediate boss.
Submitted by prathibhaweerasinghe on

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