Impact of Employee Turnover on Productivity and Performance of Aston Martin
Verified
Added on  2023/06/06
|8
|1645
|429
AI Summary
This dissertation analyzes the impact of employee turnover on productivity and performance of Aston Martin. It investigates the causes of high employee turnover, its impact on productivity and performance, and strategies to minimize it.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Business Dissertation (To analyse the impact of employee turnover on the productivity and performance of an organisation)
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION...........................................................................................................................3 Research aim...............................................................................................................................3 Research objectives.....................................................................................................................3 Research questions......................................................................................................................3 BRIEF LITERATURE REVIEW...................................................................................................4 What are the causes of high employee turnover within Aston Martin?......................................4 What is the impact of high employee turnover on productivity and performance of Aston Martin?........................................................................................................................................4 What are the strategies that could be used by Aston Martin to minimise employee turnover in the organisation?.........................................................................................................................4 RESEARCH METHODOLOGY....................................................................................................6 POTENTIAL OUTCOMES............................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION Employee turnover is the measurement in which employee leaves the jobs during the specific time period. Human resource department within an organisation is associated with understanding employee needs within an organisation so that the same can be satisfied and greater edge can be provided within the organisation (De Winne and et. al., 2019). This is analysed that within an organisation employees are treated as asset which means that with the help of employee efforts business objectives can be attained. For the current report organisation is taken as Aston Martin which is one of the largest British luxury car manufacturer. The organisation is having global presence so that for them their employee play significant role in attaining business objectives. In this mannerthe company is needed to introduce various methods by which they can increase employee retention in the organisation. Research aim To analyse the impact of employee turnover on the productivity and performance of an organisation. A study on Aston martin. Research objectives ď‚·To investigate the causes of high employee turnover within Aston Martin ď‚·To examine the impact of high employee turnover on productivity and performance of Aston Martin ď‚·To assess the strategies that could be used by Aston Martin to minimise employee turnover in the organisation Research questions ď‚·What are the causes of high employee turnover within Aston Martin? ď‚·What is the impact of high employee turnover on productivity and performance of Aston Martin? ď‚·What are the strategies that could be used by Aston Martin to minimise employee turnover in the organisation?
BRIEF LITERATURE REVIEW What are the causes of high employee turnover within Aston Martin? According to the viewpoint of Fazendeiro (2020), there are various reasons due to which high employee turnover is seen within the organisation, some of these are elaborated as under: Lack of recognition:In every organisation employees are working with their utmost abilities so that to meet business objectives and to inhale personal growth as well. In this manner when an employee is not able to get needed recognition in the working organisation then they cannot be retained in the organisation for longer duration of time. Organisation culture:Organisational culture is considered as the working arrangement within the organisation. Organisational culture plays significant role in employee retention as this enable the employees to work with high level of comfort so that to attain business objectives (Bigembe, 2021). When an employee is not able to cop up with organisational culture then this will develop negative perception for their working and this may lead into high employee turnover. Remuneration and benefits:Monetary benefit is the another reason due to which high employeeturnovercan beseenwithin theorganisation.As lesserpay willdevelop job dissatisfaction within employee which would lead into high employee turnover. What is the impact of high employee turnover on productivity and performance of Aston Martin? According to Jehanzeb and Mohanty (2018), employees are considered as major asset for the organisation which means that employee efforts are considered as primal for the organisation. Due to high employee turnover productivity and performance of employees and business can be decreased. This is analysed that the major reason of high employee turnover could be job dissatisfaction and this will reflect negatively to employee productivity and performance (Lin and Huang, 2020). On the other hand, due to the reason of high employee turnover this is difficult that to manage performance of the organisation as situation of mismanagement can be seen. What are the strategies that could be used by Aston Martin to minimise employee turnover in the organisation? According to the perception of Jabeen, Friesen and Ghoudi (2018)there are various strategies that can be used by the organisation in order to minimise employee turnover. In this
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
manner effective communication is the major strategy that can be used by the organisation so that employee grievance can be settled in earliest time period. On the other hand, another strategy is to provide positive working culture within the organisation so that higher employee satisfaction can be rendered. With the help of positive working environment, employees can work with higher efficiency and capabilities which is one of the positive aspect for business success (Ozkeser, 2019). Using these effective strategies the organisation can minimise ration of employee turnover and acquire their employee contribution in managing business objectives.
RESEARCH METHODOLOGY Research philosophy Positivism and interpretivism are defined as two types of research philosophy methods. In the following study, positivism philosophy has been selected by the investigator because it assists in interpreting quantitative information in a more reliable manner. Research approaches Research approaches are of two different forms that are defined as deductive and inductive (Knottnerus and Tugwell, 2018). Deductive approach has been chosen in the present research by the researcher because it mainly helps in deriving the existing theories in an appropriate manner. Research methods Research methodology is considered as an important section of the research that helps in collecting relevant and authentic information about the topic. This helps in maintaining the validity and reliability of the given collected data in a proper way so that research aim and objectives can be attained. Data collection For collecting the data on the selected research topic there are mainly two kinds such as primary and secondary (Ndlovu-Gatsheni, 2019). Both primary and secondary data has been selected by the investigator in the following study as it helps in gathering and analysing right and valid information from relevant sources. Sampling Probabilityandnon-probabilityaretwodifferenttechniquesofsampling(Tayebi Abolhasani, 2019). In carrying out following research, the researcher has chosen probability sampling method as it helps in interpreting and evaluating numerical facts and figures in a easy and effective way. Ethical considerations In the following study ethics place a very important position as it helps in completing the whole research in a proper and significant way (Ledford and Gast, eds., 2018). Ethics helps in maintaining all the rules and regulations while carrying out the research on a particular topic.
POTENTIAL OUTCOMES The main outcome obtained from the present research is that employee turnover is a very serious concern for the company which they need to consider for better working business operations. It is important for the company to engage employees in all the business activities and in the process of decision making so that they improve the overall performance and productivity of the business in the competitive market.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
REFERENCES Books and Journals Bigembe, A., 2021.How Texas Department of Criminal Justice (TDCJ) can Successfully Select andTrainPersonnelinOrdertoEnhanceProfessionalismandReduceEmployee Turnover and Other Costs(Doctoral dissertation, Northcentral University). De Winne, S., and et. al., 2019. The impact of employee turnover and turnover volatility on labor productivity:aflexiblenon-linearapproach.TheInternationalJournalofHuman Resource Management,30(21), pp.3049-3079. Fazendeiro,E.A.,2020.EquityResearch-AstonMartinLagonda(Doctoraldissertation, Universidade de Lisboa (Portugal)). Jabeen, F., Friesen, H.L. and Ghoudi, K., 2018. Quality of work life of Emirati women and its influence on job satisfaction and turnover intention: Evidence from the UAE.Journal of Organizational Change Management. Jehanzeb, K. and Mohanty, J., 2018. Impact of employee development on job satisfaction and organizational commitment: person–organization fit as moderator.International Journal of Training and Development,22(3), pp.171-191. Knottnerus, J.A. and Tugwell, P., 2018. Ethics of research methodology requires a methodology of research ethics.Journal of Clinical Epidemiology,100, pp.v-vi. Ledford, J.R. and Gast, D.L. eds., 2018.Single case research methodology(p. 377). New York, NY: Routledge. Lin, C.Y. and Huang, C.K., 2020. Employee turnover intentions and job performance from a plannedchange:theeffectsofanorganizationallearningcultureandjob satisfaction.International Journal of Manpower. Ndlovu-Gatsheni, S.J., 2019. Provisional notes on decolonizing research methodology and undoing its dirty history.Journal of Developing Societies,35(4), pp.481-492. Ozkeser,B.,2019.Impactoftrainingonemployeemotivationinhumanresources management.Procedia Computer Science,158, pp.802-810. Tayebi Abolhasani, A., 2019. Introduction to research methodology: Standard procedures for qualitative data analysis.Science and Technology Policy Letters,9(2), pp.67-96.