Handling growth at Milinder Recycling Company
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The Milinder Recycling Company has experienced significant growth over the past two years. Due to this growth, the company is currently encountering problems in the following areas:
1- Especially among new hires, there is an extremely high turnover rate.
2- People who have worked for the company for short periods of time (sometimes only a few months) have been promoted to management positions. Several of these new managers lack sufficient management experience. This has led to poor leadership and weak communication between employees and managers.
3- The IT infrastructure, especially the personnel and inventory databases, is no longer adequate for the new size of the company.
4- The company has taken on substantial debt in order to expand to new markets, but several of the new markets have been very slow. It now seems questionable whether some of these new markets will ever be successful enough to justify the amount of debt.
Select one of these issues and briefly discuss two different options for addressing the problem.
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Solution Summary
High turnover rate is a very serious issue for the company because it not only results in wastage of time and effort in hiring the new employees, but also leads to substantial costs for the company incurred in training of the employees.
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1) Especially among new hires, there is an extremely high turnover rate:
This is a very serious issue for the company because it not only results in wastage of time and effort in hiring the new employees, but also leads to substantial costs for the company incurred in training of the employees. The problem can be encountered and resolved via set of actions aimed at improving the retention rate among the new hires.
Firstly, The company should be very careful in hiring the new employees. In the interview, apart from asking the job related questions, the HR team should also focus on the previous work history of the employee and length of time spent at each of the ...
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