Suggestions for turnaround
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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.
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This gives various suggestions for turnaround of various organization
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MILINDER RECYCLING COMPANY -DISCUSSION
This issue is of managing growth.
? 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.
Managing employee turnover, Effective leadership and communication are the issues of human resource management. They have to implement best practices of human resource management to tackle these issues. I will suggest some of them:
Human Resource management involves the development of organization systems and practices for the planning, acquisition, development and utilization of manpower. It involves developing a symbiotic relationship between the external, societal culture and internal culture of the organization. This will enable the upholding of the the relevant external values, as well as contributing new values ...
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