Employee Retention Rates in Car Dealer, Industry, Job Level
Select a (Car Dealer) as a retail organization to serve as the basis for this assignment.
Investigate the employee retention rates at the industry, retail category, and job level.
Prepare a summary of your findings. Comment on whether attrition rates in the retail industry are higher than other industries and explain why. Properly cite your sources in your paper.
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Employee retention rates in the automotive industry vary a great deal depending upon the level reviewed. At the industry level, the turnover is 19 percent, which places it below business and health services, retail, travel and hotel industries (Nobscot Corporation, n/d). This is probably due to the pay, benefits, and job security associated with the automotive industry. Other industries, which also experience lower turnover, include government, high tech and telecommunication industries, and the utility, petroleum, and mining industries. Each of these industries also typically feature training programs, generous benefits, and minimal effect on industry positions due to economical swings of prosperity and austerity. In the case of the automobile industry, production can be stockpiled or shifted to fit the economic climate.
Car dealerships represent the retail level of the industry, and turnover is significantly higher. ...
Solution Summary
This solution investigates the employee retention rates at car dealers at the industry, retail category, and job level. It discusses whether attrition rates in the retail industry are higher than in other industries and why. Sources are cited.
... worked well in the auto industry and there's ... regard to the new sales strategy. ... satisfaction survey Improve Employee Retention Employee retention rate Less than ...
... News, 2008) To bypass poor exchange rates, General Motors ...Employee retention and motivation ... With demand for fuel efficient cars surging, General Motors has an ...
... A realtor and a car salesman share universal ... a simple triage of numerical ratings or behavior ... While conducting employee retention workshops, I always start the ...
... objectives are to increase customer retention and satisfaction ... service, the customers must rate Anthony's car... The current trends of employees changing jobs can ...
...rate and functional strategies in order to deliver ...employee loyalty, job perfor- mance and retention [34 ... the services Research hypothesis makes employees one of ...
... The turnover rate of nationals is double that ... bigger companies, benefits like a car, mobile phone ...Employee retention by motivation.Indian Journal Of Science & ...
... bonuses are championed as useful retention and motivational ... also be based on performance ratings or the ... other equity compensation to executives and employees. ...
... turn has been linked to positive retention rates translated into ... percent higher profits for an auto- Finally, information ... as well as those employees who work ...
