We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Employment - Essay Example

Comments (0) Cite this document
Summary
1. Staff turnover is described as the number of employees who leave their jobs as compared to those who keep their jobs and remain employed. High turnover is when old or even new employees leave their jobs and the company is left with new employees who have to be trained. …
Download full paperFile format: .doc, available for editing
Polish This Essay98% of users find it useful
Employment
Read TextPreview

Extract of sample
"Employment"

Download file to see previous pages This is considered to be undesirable as the company will have to incur high training costs and will be left with inexperienced employees. In order to avoid this, the company should keep their employees motivated and give them additional benefits like bonuses, holidays etc. staff turnover is calculated by dividing the number of employees leaving the company by the current employees and then multiplying by hundred. Different types of staff turnover include internal, external, voluntary and involuntary. 2. Turnover can be internal or external. Internal turnover is when employees leave their current jobs to take over new positions in the same company. This can be a due to a number of positive and negative reasons. The employees might like the way the management treats its employees and therefore, they want to work in the same organization. Internal turnover is as important for the company as an external one. External turnover happens when the employees leave their jobs to work in other companies or organizations. The employees might be unhappy with the way the employees are treated or the environment of the organization. The management should consider both these turnovers because a high staff turnover is not healthy for any organization. 3. The hospitality industry includes jobs in hotels, resorts etc. where the employees have to make the guests feel at home. This industry has a high turnover because of a number of reasons. One reason is its nature of seasonality. It is hard for the employees in off-the-peak season and therefore, the turnover is high. Also the work environment of this industry might not be good and the employees might not be treated in a good way. Another main factor is that dealing with customers is also not an easy task. Pay rates are often really low and along with less benefits, employees working in this industry get de-motivated. Therefore, the staff turnover of this industry is really high. 4. The costs of high turnover can have negative effects on the financial statements of a company. There are a number of techniques or tools which they can use in order to reduce their turnover rate. One tool is to provide a better working environment for the employees and to treat them well. To make their organization an employee oriented one which would keep the employees motivated. Another technique is to hire the right people suitable for the organization and provide them with adequate training facilities. Building loyal relationships with employees is also another tool which the organization can use. The organization can provide positive reinforcement to the employees by giving them incentives such as compensation, bonus, non-cash rewards and other benefits as well 5. Employee retention is extremely important for the success of an organization. High turnover rates are very costly for the company and therefore, they need to find ways to retain as many employees as possible. The costs of high turnover rates include training costs, recruiting costs and can have a negative affect on the financial position of an organization. The management needs to keep their employees motivated in order to have a high retention rate. Also that with high retention rates, experienced workers remains with the organization and continue to provide their advice so that the goals of the company are met. An effective employee retention program can help the reputation of the company and also improves employee morale. It also makes sure that the productivity and performance of the employees are maintained. 6. A high turnover rate can prove to be costly for the company. The costs are both direct and indirect. The direct costs include recruitment cost, the cost the company incurs when an employee leaves ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Employment Essay Example | Topics and Well Written Essays - 3500 words”, n.d.)
Employment Essay Example | Topics and Well Written Essays - 3500 words. Retrieved from https://studentshare.org/management/1401327-all-the-questions-will-be-written-below-each
(Employment Essay Example | Topics and Well Written Essays - 3500 Words)
Employment Essay Example | Topics and Well Written Essays - 3500 Words. https://studentshare.org/management/1401327-all-the-questions-will-be-written-below-each.
“Employment Essay Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.org/management/1401327-all-the-questions-will-be-written-below-each.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Employment Law
She gives an example of a where most employers require that the job applicant already has to be working. This means that it is difficult for people who are currently unemployed, or those who have never worked before to gain employment. It seems that there is a lot of bias that exists among the people who are unemployed (Rampell, 2011.
4 Pages(1000 words)Essay
Law - Employment
The Trades Union Congress (TUC) estimates that the employment status of as much as one third of the UK workforce is not clearly defined (Report of UK Conference 2000). On this foundation alone, it should become clear that maintaining the current definitions within employment legislation is not a tolerable option.
12 Pages(3000 words)Essay
Employment Law - Employment Contracts
Organized labor in the United States has fallen rather dramatically over the course of the past 25 years, especially in the United States because of outsourcing and the like. Even so, it remains to this very day quite a substantial financial and diplomatic foundation in the country.
8 Pages(2000 words)Essay
Employment Relationship
The psychological contract between the employer as well as employee has radically changed due to the changing perceptions held both employers as well as employees regarding the extent of trust and loyalty for each other. (Herriot). As such there is a shift on both the sides of the coin because employers, on one hand, have changed the fundamental way of working whereas the so called trade off between security versus loyalty continuously evolved too as employees are also looking for the ways to carve out their individual identities in this dynamic and fluid environment.
7 Pages(1750 words)Essay
Employment Law

The author states that the complexity and ambiguity surrounding the definition of atypical workers has led to confusion regarding a clear definition.  Those who consider themselves employees, and therefore have access to employment rights, may turn out not to be. Individuals may have expansive employment rights by law without realising it.

12 Pages(3000 words)Essay
EMPLOYMENT LAW
2007). There are basically two aspects regarding employment status, firstly, paid covenanted employees and secondly, agency sponsored workers; therefore the essence would lie in the characteristics of the terms and
8 Pages(2000 words)Essay
Employment law
velopment of different working structures to accommodate the modern business environment has rendered the complex area of employment law a legal minefield. The significant variances in contemporary working relationship structures have compounded the need for legal certainty
4 Pages(1000 words)Essay
Employment Relations
Employment relationship can also be regarded as one of the major aspects through which the employees can access their rights associated with employment practices (International Labour Organization, 2011). In most of the countries, it can be apparently observed
10 Pages(2500 words)Essay
Employment relations
It is the responsibility of the employers to consider the good relationship between employees and employers to maintain a competitive position in this modern saturated and competitive market place.
11 Pages(2750 words)Essay
Employment Law
He needs compensation for the time off not taken. For the public holidays, Tomas complains that he has been working without getting time off on another day for the time worked. The loss of major clients affected his salary without prior notice. The health benefits
2 Pages(500 words)Essay
Let us find you another Essay on topic Employment for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us