HR case study

HR case study
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HR case study
Question 1
I m currently employed as a nurse with an annual salary of $50, 000. We also receive annual benefits of $10,000. For the past 45 days, the company has lost 5 employees in the position with a daily cost of $89
89x45=4,005
(50,000+4005) x 5= 270,025
250,445 x 12= $3,240,300
1 The department has an expensive employee turnover rate.
2 At least two of the employees left to take care of personal business. However, for the three others, they alluded to negligence by the management forcing them t make the decision.
3 The management can get to the bottom of the issue to ensure that there are no employees contemplating leaving the facility. Therefore, it needs to come up with solutions to the issue that created a perception of negligence by the management.
Question 2
Employee retention is a crucial part of maintaining the longevity of employees and an organization. After several years of operation, an organization can identify employees that are valuable to the ethos of a company. By protecting valuable assets, an organization manages to cultivate a sense of identity over time and improves its competitiveness. In today’s, world, there is no shortage of employee poaching by larger or simply well-run organizations. The influx of admirable job opportunities means that the employer always has to find new ways of improving their organization and keeping the employees satisfied. Higher turnover rates are expensive to an organization and breed a perception that the organization is just a career stepping stone rather than a destination. Therefore, HR planning is influential in addressing issues that may facilitate dissatisfaction among employees consequently increasing the turnover rate.
The simplest way of employee retention is providing them motivation and satisfaction in their job. However, this is much harder to do in practice as it deals with a psychological and individual will. Therefore, the best an organization can do is create an environment that will help the employee make up their mind to stay loyal to the organization. One of those ways is addressing their issues in the office and at times out of the office. An employee HR manager is essential to the success of employe retention as he or she is needed to connect with the employees past the professional level. They can help in guiding them through work-life balance issues that may affect their careers. To avoid being overwhelmed, it is important to pick key priorities and structure everything else around that particular issue.
Adequate compensation is the first step that can help even out the life and work dynamics and put the employee’s mind at ease. This is because the compensation communities subconsciously the value an employee holds in the organization. Good compensation will be a motivating factor to employees as it will help them decide on the organization as the priority. Life is often unpredictable and some issues will draw employee’s attention from their jobs. It is important to offers some source of assistance such as listening to the issues. Health issues such as pregnancies and other illnesses are straightforward since they are are vi...