Analysis of High Turnover Rate :: essays research papers

Analysis of last Turnover RateIntroductionHigh turnover rate rate of minorities and female person employees has endure a serious issue in the United States. eventide though many ethnic races form this country, male Anglo-Saxons dominate the absolute majority of the workforce. It is non uncommon for minority and female employees to leave their company afterward only working for a few years. Why has this behavior become a trend? In order to stop this trend, companies must contract themselves several questions. For example, what are the issues causing the high turnover rate? What legal and ethical issues are the companies facing? After these questions have been asked and processed, solutions must be implemented to deepen the flow of the trend. While implementing solutions to the high turnover rate, companies must know and see to it the law. The law is created and enforced by the government to encumber any discrimination or biases between the company and employees. It also prevents the strong, corporations, from pickings advantage of the weak, employees. Keeping a high turnover rate, companies will occur to lose money until they decide to deal with the issue. Through some adjustments and implementations of the programs to begin turnover rates, the company can see a significant change in their appeals and what they might actually save. Companies must understand the potential difference hazard that high turnover rate may cause company. By analyzing banks, one can understand what and where the problem lies.Statement of ProblemEmployee turnover costs are very costly to a company. Turnover non only affects the bottom line but also affects the companys morale. We are analyzing the problems within our company that are causing our employees to become uneasy with their job. Then we are going to find solutions. And then do the cost estimates of the turnover costs and the turnover savings after our solutions are implemented.Without understand the negative impacts of turnover, a company may be placing itself in a position that will ultimately lead to their demise. We are going to thrash our problems and set our company on the path to success, a success that is not only reflected in our bottom line but also our employees morale. storyANALYSISCurrently, the Bank of Tomenak employees 20,000 people, which only 35% are female or minority. The number biannual turnover rate for our females and minority employees is 65%. The average turnover cost for one employee is estimated to be 18% of their annual salary.