Milinder Recycling Company - Turnover Rates
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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:
Especially among new hires, there is an extremely high turnover rate.
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.
The IT infrastructure, especially the personnel and inventory databases, is no longer adequate for the new size of the company.
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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The major problem here is the turnover rate which is probably leading to the fact that people who have only worked at the company for a short period of time are being promoted so quickly.
Lets address the problem of quick promotion which may even eliminate the residual problem of high turnover.
First, there needs to be a standard minimal requirement for promotion. This can be a combination of years worked, accounts handled, levels achieved. The main idea is that through these requirements, there ...
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