Impact of Employee Turnover on Performance of the Organization

Running head: INTEGRATED MANAGEMENT PROJECT
Integrated Management Project
Name of the student
Name of the university
Author note

1INTEGRATED MANAGEMENT PROJECT
Topic: Impact of employee turnover on performance of the organization-“A case study of
phoenix Power Company”
Introduction
This report has identified an issue faced by Phoenix Power Company in dealing with the
high turnover rates in the organization. The research has examined the issues and will develop
effective human resource management strategies for improving the turnover rate. The turnover
rate in Phoenix Power Company is high when compared to the industry standard. It is essential
for the company to manage their workforce effectively as it affects their productivity. Talent
management is a key issue faced by the company and shortage of skilled workforce affects the
operation. It also affects the internal cost of the organization where the operational cost are
increased due to repetitive need of hiring employees and training them to meet the needs of the
organization (Phoenixpoweroman.com 2018). The analysis of the company’s human resource
has shown that the turnover rate in the organization is quite high and a new project needs to be
developed to mitigate the challenge in hand.
Background of Phoenix Power Company
Phoenix Power Company operates, maintains and owns Sur Independent Power Plant and
the power plant is located in the Sur Industrial Estate between Oman India Fertilizer Company
and Oman LNG plant terminal. The power plant is developed at 175km south-east of Muscat in
Oman. The plant is relatively new and has become fully operational since the past five years.
The installed capacity of the firm is 2000MW and contributes to 27.8% of the total MIS
contracted capacity (Phoenixpoweroman.com 2018). This makes the company and the plant as
one of the key elements of sustainable power infrastructure in Oman.