Week 10 - Managing employee turnover & retention Flashcards
Define involuntary turnover
initiated by the organisation, often when the individual would prefer to stay a member of the organisation.
Voluntary turnover:
a separation initiated by the individual, often when the organisation would prefer that the person stay
Retention rates among employees are linked to retention rates of customers/investors and so create an area to win competitive advantage. What 3 conditions are required to promote the link:
Staff possess skills managers lack.
Staff are motivated to apply these through discretionary effort
When strategic goals can be achieved through discretionary effort
Employees are more likely to respond positively to negative feedback regarding their performance if they perceive the appraisal process as being fair on what 3 dimensions?
Distributive justice - outcomes relative to contributions
Procedural justice - fairness, representation, ethics
Interactional justice - quality of treatment, respect, empathy
Define job withdrawal
Behaviours to avoid the work situation
The degree of job satisfaction determines the degree of job withdrawal. Describe the 3 manifestations of job withdrawal
Behavioural change: change conditions eg unionization, whistleblowing
Physical job withdrawal: avoiding the workplace eg turnover, absenteeism, lateness
Psychological withdrawal: disengaging with the job. Eg low job involvement (degree to which they identify themselves with the job)
Define job satisfaction
pleasure that results from the degree a job fulfils important job values.
Describe the 3 aspects that determine job satisfaction
Values, : personal wants
Perception – situation relative to wants
Importance – what individuals identify as important
Why are job retention becoming increasingly important?
Rising turnover, associated costs.
What should be the features of retention strategy?
Communicate org’s vision & e’ees place in it
Respectful 2 way comms
Supportive, challenging environments
Workplace values of integrity & ethics
Ability to manage diversity, business needs, staff needs
Employee research in the form of surveys, interviews and anecdotes are important to HR strategy for what reasons?
Monitor trends
Measure policy impacts
Benchmarking
Give staff a constructive voice
What are some manifestations of a good retention policy?
Flexible work practices - hours, form of job, place of work
Paternity/maternity leave
Development programmes – training, experiences
Remuneration – bonus, share options
Participatory – employee opinion survey
Explain some issues & challenges around e/ment of temporary o/s workers
Language & cultural barriers Resentment Short term gains vs long term costs Compliance Falling standards Training/induction/recruiting costs cannot be amortised
Diversity management makes allowances for variation in staff, in doing so they lend themselves to the retention of staff.
Diversity makes a good org/e’er fit critical so selection / induction are made more critical. Name some ways diversity mment assists in retention
Induct ‘family’ of staff
Managers participate in orientation
Provide mentors
Line managers accountable for induct