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Dissertation on Impact of Increasing Staff Turnover on Company's Performance

   

Added on  2020-06-06

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DISSERTATION(A STUDY ON THE INCREASING TURNOVER OF NON- EXCEPT STAFF’SIN XYZ COMPANY (MANUFACTURING SECTOR)
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DECLARATIONSI declare that all material which is used in the dissertation is written by me, it has not been copiedfrom any site. The word count of this dissertation is 10257. I agree that this study can be submitted for plagiarism checking. I have read demand of client and has read ethics properly. Allthese terms and conditions have been followed by me while working on this dissertation. Signed:Date
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ABSTRACTIncreasing staff turnover of non-except staff is the biggest issue in the organization, it is because people are not satisfied with the incentive scale of entity. The study examines the impact of increasing staff turnover on company's performance. Furthermore, factors that increases turnoverrates of non-except staff in manufacturing unit. Data is being collected from primary sources through interview. Researcher focuses on employees of XYZ company, they state their belief about impact of increasing staff turnover of non-except employees on business performance. Research concluded main factors that increases dissatisfaction among workers and that force them to leave their jobs and according recommendations is being presented.
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ACKNOWLEDGEMENTIwouldliketopresentmydeepestgratitudetowardmydissertationtutorwithoutwhoseproperguidanceandcontinuoussupportthemakingofthisreportwasnotpossible.withthegivendeadlinesandsetmeetingprovidemetheopportunitytoreflectonmyworkandalsohelpmetocontinuemyworkinwellorganisedmanner.Iwouldalsoliketoacknowledgemyparentsforthereunconditionalmoralsupportadpatiencethroughoutthedissertationprocess.Theyencouragemetodomybest.Iwouldalsoliketothankmycolleagueandfriendforherhonestcriticismandthroughoutsupport.Atlastipourmygratitudetocasestudyorganisationformyprimaryresearchandarrangingtheneededdata.
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Table of ContentsCHAPTER 1: INTRODUCTION....................................................................................................1Background of the study.........................................................................................................1Aim and Objectives................................................................................................................1Research questions.................................................................................................................2Rationale.................................................................................................................................2Significance............................................................................................................................3Research plan..........................................................................................................................3Chapter structure....................................................................................................................4CHAPTER 2: LITERATURE REVIEW.........................................................................................5Introduction............................................................................................................................5Conceptual framework of manufacturing operators turnover rates and over time wagesstandards.................................................................................................................................5Factors that increases turnover rates of non-except staff in the manufacturing unit..............7Relationship between increasing turnover of non-except staff and manufacturing operations8Impact of high turnover of non-except on manufacturing business operations.....................9CHAPTER 3: RESEARCH METHODOLOGY...........................................................................12Introduction..........................................................................................................................12Research philosophy.............................................................................................................12Research design....................................................................................................................13Research approach................................................................................................................13Research Technique..............................................................................................................14Sampling...............................................................................................................................15Data collection......................................................................................................................15Data Analysis........................................................................................................................16Ethical consideration............................................................................................................16Research limitation...............................................................................................................17CHAPTER 4: DATA ANALYSIS................................................................................................184.1 Introduction....................................................................................................................184.2 Discussion.......................................................................................................................18CHAPTER 5: CONCLUSION AND RECOMMENDATION.......................................................3
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Conclusion .............................................................................................................................3Recommendation....................................................................................................................4REFERENCES................................................................................................................................6
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CHAPTER 1: INTRODUCTIONBackground of the studyEmployee turnover is the serious issue in most of the organizations. Employees are assetsof the organization they put their hard efforts in order to accomplish goal of the companies.Many firm invest time and amount in order to identify the cause of increasing turnover rate. Theeare many reasons which influence them to leave their jobs such as low pay scale, lowengagement, poor management etc (Chiedu, Long and Ashar, 2017). Non-exempt staff are thoseworkers which work overtime in the organizations in order to get extra benefit. Companies haveto give them pay as per the fair labour standard act. As per the guideline of the act employers arerequired to pay its employees one and half times of their regular rate of pay. This policy applieswhen any of the staff members in working for the organization for more than 40 hours in a week.The main issue create in the corporations when miscalculation of overtime done. Thatdecreases trust of employees and they think to leave their jobs. It demotivate them and reducetheir motivation level as well (Li, Kim and Zhao, 2017). For the present study XYZ company(Renewable energy corporation) is being taken into account. It is one of the leading solar paneland solar energy firm which manufactures wafers, cells, silicon etc. The cited firm is popular forits quality products and low warranty claims rate. Company is working effectively in searchingfor new solar panels and investing for gaining high profit. But due to increasing rate of turnoverit is very difficult for the cited firm to accomplish its goal (Is a higher salary the only waybusiness can boost staff loyalty?, 2017). Present dissertation will discuss the impact of increasing turnover of non-except staff inthe XYZ company manufacturing firm Singapore. Furthermore, study will describe the factorsthat increase turnover rates and influence the mind of employees. In addition, relationshipbetween increasing turnover of non-except staff and manufacturing operations. Aim and ObjectivesAim:“To identify the impact of increasing turnover of non-except staff in the organization: A study onXYZ company”. Objectives:To understand the conceptual framework of manufacturing operators turnover rates andover time wages standards. 1
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To identify factors that increases turnover rates of non-except staff in the manufacturingunit.To determine relationship between increasing turnover of non-except staff andmanufacturing operations To analysis impact of high turnover of non-except on manufacturing business operations.To suggest ways in reduce turnover rate of non-except employees in the XYZ companySingapore.Research questionsWhat is the conceptual framework of manufacturing operators turnover rates and overtime pay standards?What are the main factors that increases turnover rates of non-except staff in themanufacturing unit?What is the relationship between increasing turnover of non-except staff andmanufacturing operations.What are the ways that support in reducing turnover rate of non-except employees in theXYZ company Singapore?RationaleCompetition is high and companies offer high wages to their skilled employees. Itinfluences the staff members and they move to other brands easily. Most of the people in themanufacturing units work extra in order to get good pay. But when they do not get the amount asper their expectation then they feel demotivated and move towards other firm. XYZ company isfacing this issue in which its non-except staff members are leaving their job frequently. That iscreating problem in the manufacturing unit of solar plan in Singapore. Cited firm is planning tominimize this issue so that it can run its operation well (Wong and Wong, 2017). Furthermore,decreased employees satisfaction is another cause of conducting this study. Due to poor overtimewages and amount people feel dissatisfied and leave their job. That create burden on the entityand overall industry as well because due to absence of skilled employees firms fail to producesolar power as per the demand (Tessema and et.al, 2017). These issues impact on the profitabilityof the organization and overall industry as well. These are the main causes of carry out thisinvestigation. 2
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