MANAGERIAL PROBLEMS
Manpower Retention
Root Causes
Employees quit their jobs for various reasons. Most of which are under the control of the employer.
• Relationship with the Boss and Co-workers.
The manager don’t necessarily needs to be friends with the his subordinates but they should at least have a pleasant relationship. Since employees work with each other and report to the boss from time to time, having an unpleasant relationship might lead to lack of commitment, confidence and work engagement of the employees which eventually leads to resignation.
• Lack of Work-Life Balance
Aside from work, an employee has many other responsibilities. Working in a company which requires a quota means extended working hours to meet with clients and shorter
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Aside from recognizing these employees, managers may also find ways to develop these skills for the benefit of both the employees and the company by providing free seminars or workshops.
Proposed Solutions
The best way to retain employees is by asking them what they WANT and work with them to make sure everybody gets what they NEED.
• Know and Empower Your Employees
Have time to get to know your individual employees by personally talking to them, asking random questions while walking around. Going for lunch or coffee with them occasionally during breaks or after working hours without talking about work is also a great way to get t know them
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Most employees have an idea on how they can be more efficient but not all are willing to share those stuffs unless specifically asked by the management. Conducting team building activities at least once a year is also a fun and easy way to build positive relationship between the management and the employees.
• Flexible Working Hours or Work from Home
Since insurance brokers spend most of their time meeting with clients, reporting to the office on time is not neces1sary. Though there’s a chance of get clients in the branch, there are more prospective clients in their offices during the 8AM to 5PM or 9AM to 6PM shift. Maybe they can start working a little bit late so that they will not need to work for more than 8 hours. As for the files and systems that they need to access, this can be made possible with the use of security tokens.
• Competitive Salary, Bonuses and Incentives
Incentives always boost employees motivation and it doesn’t always have to be expensive. A movie ticket, gift checks, paid day off, cash rewards or other low-cost ways to show that the management genuinely appreciates the efforts of an employee. Also, the management must provide a salary that is competitive
The small furniture manufacturer could argue that the discharge of Drake and Keeler was was appropriate (legal) exercise of the company ’s right. After being disappointed by the work rule that was put in place by management, the the two employees walked off their job in protest. This could be seen as abandonment by the employer, especially considering they left without management’s approval. The Society of Human Resource Management (SHRM) states that job abandonment occurs when “an employee has no intention of returning to the job and has not notified the employer of his or her intention to quit” (“Termination”, 2015, para. 1).
Many employers have developed ways to give incentives
Thirdly, I believe that flexibility is very important today with the employees, because if the working hours are not flexible, they tend to either do not prefer working here or when they get the opportunity they move out. So if wee summarize, in my experience I believe that wages, growth and flexibility are the main reasons that cause turnover in the
The relationship between staff and supervisor is a acute one for retaining employees.88% of employees leave
New hires are critical to the organization because of their knowledge on new technologies, attitudes about the work, and career aspirations. These are the initiatives we have taken to retain new hires. 1. Adopting management style of culture in the organization 2.
Devising company policies to reward, train and incentivize workers universally would be essential towards having an engaged workforce, which will translate to greater customer satisfaction and company returns in the long
Although motivating employees can be a challenge, a number of theories about motivation at work can be used as a basis for creating practices, procedures and processes to affect employee
Their desire is to earn profit, but not at the expense of their employees, environment, customers, or the law. This is what makes the company’s business plan desirable. Not only is the company extremely profitable, but the model is built to last. The lack of turnover reduces the company’s expenditure exponentially. When a company treats its employees well, they want to remain at said company.
Keeping the workforce motivated and making them feel empowered to make some decisions is key to an organisations
“Good units walk a thin line between indiscipline and ineffectiveness. Ignore the rules too often and you’ve got a mob, but enforce the rules too strictly and you’ve got a herd.” by Henry V. O’Neil represents the notion behind an effective organizational behavior. In an organizational settings, how well the employees are managed and understood depends on the leadership style exhibited by the leaders. Finding the right balance between being too strict or too easy with the employees not only create an ideal work environment but also increase productivity and reduce employee turnover.
They should also improve their current skills and grow with the company. 14. • Institute an action plan, and put everybody in the company to work to accomplish the transformation. That the organizations should work with commitment to implement the change.
This section reviews theories on employee retention. 2.2.1 Herzberg Two Factor Theory Frederick Herzberg (1959) two-factor theory is also known as the motivation-hygiene or the dual-factor theory. Herzberg’s theory states that certain factors in the organization related to the contentment of the job which provides satisfying experience for employees while separate set of hygiene factors cause dissatisfaction among employees in the workplace. The former factors are called motivators or satisfiers and include achievement, recognition, the work itself, responsibility, opportunity to do something meaningful, sense of importance, advancement and growth while the former factors are known as hygiene factors such as job security, fringe benefits, salary paid
Organisations have long struggled to retain employees without pouring in too many resources into incentives, however there are many other factors that influence the motivation for an employee to work for an organisation. The following factors are very important to retaining employees: ➔ Vision and Mission: Each organisation has a vision set by its leaders, a ground basis on which it stands for. This vision is the key for driving innovation, research and development for the company. Vision is also the driving force and motivation for its employees, to push their limits and to outperform the competition.
Introduction In today’s business, maximization of profits represents the principal feature of business operations. In order to achieve the highest profits, companies have to manage their human resources effectively. Thus, employee’s motivation has emerged as a critical component, it holds the key to the success of a company. Therefore, human resource managers must motivate their employees to let them perform to their best and achieve the organizational goals.
Uncomfortable / unbalanced work life , people now a days believe in doing multi- tasking which results in not maintain the work life, now a days employees want convent job a job which they are able to do other work too and also able to maintain the balance between work and life. Employee retention is the process where the organization tries to motivate the employees to stay in the organization, organization tries the level best to retain the employees for a long period of time. Any organization does not have power to stop any of its employees until or unless they have some stratify or a plan to retain the employees in the organization. Different companies have different ways of retaining the employees, but what matter is what is the plan set in the mind of the company to retain the employees.