Employee retention is a key challenge in most organizations today. Employers want to retain the best and most desirable employees in the market. Employees are looking for incentives such as competitive salaries, comprehensive benefit package, which consist of reasonably priced health insurance plans, vacation, holidays, and tuition reimbursement. Additionally, lack of career growth, flexibility and management are high on the list of reasons an employee leaves an organization.
Strategies for Organizational Change
Senior management needs to create a stronger organizational culture of intimacy by adding value for employees.
Dissension among the managers is causing dissatisfaction and increased turnover with employees. A cultural transformation needs to occur at ABS. "Managers need to be especially sensitive to the work values of their subordinates when making changes in jobs, working hours, or other aspects of the work situation" (George & Jones, 2005, p. 6). "Values, attitudes, moods and emotions have important effects on organizational behavior" (George & Jones, 2005, p. 34).
Leadership is lacking in providing motivation through equity, expectancy and goal setting. Feedback, rewards and positive reinforcement will help to improve employee performance and behavior. Managers must lead by example and understand that the feedback process, motivation and reward system will create a stronger organizational culture.
The employees and managers should be asked for feedback into the new tactics being implemented by senior management. Without ...
Senior management needs to create a stronger organizational culture of intimacy by adding value for employees. Employees need to feel value in their positions. Creating value can be done in several ways as is shown in the various solutions presented. If a company does not promote job advancement or opportunities, turnover rates will increase and create a significant cost for the organization.