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Employee retention/motivation - Assignment Example

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The survey at a major fast food outlet found that although employees are happy, it would not require much though and effort on their part to leave their current job. This is an ideal example that could lead to attrition of employees. In order to understand the root causes behind…
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Employee retention/motivation
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Employee retention/motivation Contents Contents 2 Employee retention: needs and root causes 3 Cost of employee retention 3 Time and resources involved in employee retention 4
Measures of employee retention 4
Involvement of parents 4
Reference 5
Employee retention: needs and root causes
The survey at a major fast food outlet found that although employees are happy, it would not require much though and effort on their part to leave their current job. This is an ideal example that could lead to attrition of employees. In order to understand the root causes behind this mindset, the demographics and the needs of the employees should be understood. The majority of the employees in the fast food outlet are school going students. Although this is a source of income for their livelihood, they have aspirations to do far better in their career after completing their education. The employees therefore, have not got themselves aligned with the goals of the fast food company that they are working for. Thus lack of motivation and attractions of a better opportunity would not take them much to leave. From the organizational perspective, this could be a concern of loosing trained employees for which the need of employee retention would arise.
Cost of employee retention
The fast food entity would need to bear the cost of employee retention. The cost would be incurred in order to motivate them and make them proud of the job that they are doing. The employees could be shown the career path available in the organization and the comparative advantages of their current job as compared to the opportunities available in the market. The company could also look to provide salary and allowances that are best as per the industry standards and also provide attractive incentives. The benefits of being involved in a good work culture and the importance of learning from the work experience should be conveyed to the employees through proper training (McCooey, 2009, p.24). The expenses of all these activities sum up to form the total cost of employee retention.
Time and resources involved in employee retention
The employee retention methodologies are implemented over a period of time by using the resources available with the company. The changes in the mindset of the employees could be brought about by the co-ordination of its resources. The various resources that could contribute to the cause of employee retention are the senior manpower resources of the company who could guide the junior employees of the relative benefits in their course of daily work. The monetary resources are also spent in conducting trainings and seminars in order to channelize the energy of the youth in a proper direction for the organizational cause.
Measures of employee retention
The measures of employee retention are important as the organization never wants to loose its trained staffs as they have been carrying out the work efficiently. These staffs have been trained and the company has already incurred a cost. The attrition of the employees and the recruitment of new staffs in their place would require the company to incur the same cost of training once more that would reduce the profitability of the companies. The measures of employee retention are likely to increase the profitability of the company.
Involvement of parents
As the fast food chain involves a majority of staffs who are school going children, their parents should also be involved in the method undertaken for retention of their employees. By gaining the confidence of the parents, the fast food chain would be able to retain their staffs as the school going employees are believed to act as per the directions of their parents.
Reference
McCooey, D. 2009. Keeping Good Employees On Board: Employee Retention Strategies to Navigate Any Economic Storm. USA: Morgan James Publishing. Read More
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