BUS703 : Managing Research Assessment
Added on 2021-06-17
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Business 1.BUS703 Managing ResearchAssessment Task 1Draft of Background and Problem Definition of Research Proposal on Employee Turnover ofFlinders Landing Apartments, MelbourneStudent Name: Snehalben Pravinbhai PatelStudent ID: 1098886Tutor Name: Senani Rajamanthri
Business 2.Background to the problem-Employee turnover is the biggest problem of all industries. High Staff turnover involves highrecruitment cost such as interview, induction and training. There are several kinds of problemsthat have led to the high employee turnover as follows:•Poor management- A manager can influence his employees to feel hopeless through hisadministration aptitudes. Employees may be conferred towards their work however, may leavethe job on the off chance that they find that they are poorly managed by their superiors. (Hom etal. 2012).•Higher pay- It is the way that regardless of how much a worker is focused on working ina specific organization. Such worker if accepting a superior offer with a better package will leavethe present organization and do work with another (Hom et al. 2012).•Employee engagement - The employee that feel to remain engaged will seek for thechallenges in work, the employee is good finding the solution and resolving the problems, theyshare solutions and ideas with their colleagues, support the colleagues that are busy and seek forthe development and training opportunities (Hancock et al. 2013).• Work burden -The employee feels that they are being overstretched at their workplacewith too much work burden. Putting too much on the desk of an employee is one of the primereason employee feel fatigue and restless (Kim 2012).Background to the problem-Employee turnover is the biggest problem of all industries. High Staff turnover involves high recruitmentcost such as interview, induction and training. There are several kinds of problems that have led to the highemployee turnover as follows:•Poor management- A manager can influence his employees to feel hopeless through hisadministration aptitudes. Employees may be conferred towards their work however, may leave the job onthe off chance that they find that they are poorly managed by their superiors. (Hom et al. 2012).•Higher pay- It is the way that regardless of how much a worker is focused on working in a specificorganization. Such worker if accepting a superior offer with a better package will leave the presentorganization and do work with another (Hom et al. 2012).•Employee engagement - The employee that feel to remain engaged will seek for the challenges inwork, the employee is good finding the solution and resolving the problems, they share solutions and ideaswith their colleagues, support the colleagues that are busy and seek for the development and trainingopportunities (Hancock et al. 2013).• Work burden -The employee feels that they are being overstretched at their workplace with toomuch work burden. Putting too much on the desk of an employee is one of the prime reason employeesfeel fatigue and restless (Kim 2012).
Business 3.Management decisionThe management of the company is faced with a decision to make in relation to controlling the high turnover rates in the company. The management therefore is required to make a decision on developing effective employee motivation strategies that will help them reduce high turnover rates. Such strategies will include the compensation strategies, career development strategies as well as theemployee social welfare benefits strategies. This research proposal will help the management of the company to understand the main factors contributing to increased turnover rates in the company and their impact on company or organizational performance. The research proposal will provide possible strategies by which the management can adopt in helping them solve the problems the company is facing due to increased turnover rates.Research question•How the employee turnover affects an organization and the overall functioning and the management of the organization?•What are the different types of management styles undertaken for the reduction of the high employee turnover?•What are the different types of the cost incurred by the companies and the organization whenemployee turnover rate increases?•How the organization manages to save the cost of the employee turnover and the several types of losses incurred due to the employee turnover?•How long the human resource managers take to respond to filling the gap created by the leaving employees?
Business 4.Literature reviewHigh employee turnover in an organization whether small, medium or large affect theorganization general productivity and profitability negatively (Shuck et al. 2014, p. 260). Highturnover in an organization implies that the company is losing a relatively high percentage ofemployees compared to the number of employees the company can retain. High employeeturnover is typically detrimental to organization performance (Memon et al. 2014, p. 205). It is,therefore, a critical role of the human resource management to understand how high turnoveraffects her or his organization and develop effective strategies to combat the turnover.High turnover contributes to increased management frustrations due to continuing focusing onhow to develop and train new employees instead of focusing on improving the efficiency of theexisting employees (Nica, 2016, p. 222). The managers end up getting frustrated with the upsetsfrom increased employee turnover which affects their efforts to improve the performance or(Information) Objectives•To identify that how the employee turnover affects the organization and the overallfunctioning and the management of the organization.•To find out the different types of the cost incurred by the companies and the organizationwhen employee turnover rate increases.•To identify how an organization, manage to save the cost of the employee turnover and theseveral types of losses incurred due to the employee turnover•To identify how long, the human resource managers take to respond to filling the gap createdby the leaving employees.•To analyze what are the different types of management styles undertaken for the reduction ofthe high employee turnover
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