Employee Turnover Report for MicroTech Systems

This report analyzes the reasons for high staff turnover at MicroTech Systems and suggests effective retention strategies to retain the best talent. It also discusses the cost of employee turnover and the advantages and disadvantages of different retention methods.

Resource &talent planning (RST) assessment activity 3 template
MicroTech Systems employee turnover report
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Introduction
In this fast running world, it is determined that competitive environment is
taking the wider place in each & every organisation. Because of high level of
competition, of the employees are leaving their job in order to get more effective
opportunities which mainly lead the high staff turnover rate. In order to retain the
employees in their organisation, HR manager need to focus on the employees
retention strategies so that manager can appropriately retain the best talent at their
workplace (Aguenza & Som, 2018). It is analyzed the ability to retain a positive
&motivated employee is critical to the business survival. Employee retention raises
costs &lowers morale. Implementing an effective retention programme is a good
method to ensure that key employees stay on the job simultaneously maintaining
&sustaining productivity &morale. For this assessment, Micro Tech System
organisation is considered which is established in London. HR manager of the
MicroTech Systems' analysed that staff turnover is higher than it should be. Company
decided that set a task to developa financial model for allocating money to lowering
staff numbers, as well as identifying &explaining why retention strategies will be
most effective.

Why employees leave
Over the previous year, millions of people have quit their jobs owing to a lack
of desire &advancement, as well as being overburdened - &harsh supervisors. A
survey of 2,000 research concluded that over a fifth had quit their employment due to
personal reasons in the previous 12 months, with another 22% having done so in the
past 5 years. Employees leave their employment for a myriad of purposes: a nasty
boss, a lack of recognition, poor business practises– the list is regrettably infinite.
Examining the fundamental cause of an employee's resignation is critical. When
someone joins a corporation, they do this with the goal of advancing their career.
Individuals choose a company that works for in the expectation that it matches their
principles, professional skills, &career goals (Bloom &et. al., 2021). There are
various kind of reasons are considered by the organisation which can create various
reasons in order to sustain in the organisation. Some specific reasons which mainly
employees are facing such as non competitive &monetory benefits, wrong culture fit,
workload, lack of motivation, lack of employment value, lack of compensation, stress
&many other.
Employees leave their jobs for a variety of reasons. They move throughout the nation
with their husbands or partners, remain at home with parents, change occupations,
find college educated professional promotions, &return to school. But they include
personal events in the worker's environment from outside work; those causes are
difficult for a business to address. It is analysed that Micro Tech System company
employees are mainly facing some specific issue like lack of flexibility & also stress
level. In context of lack of flexibility (Imran &Ayub, 2017). It is analysed that
Flexible working hours &the ability to work from home are already becoming
increasingly significant — particularly among younger demographics. According to
research, 93 percent of the 25–34-year-olds polled said this was critical to their job
satisfaction. A lack of workplace flexibility could mean limiting people' ability to take
particular vacation days, not having part-time working options, or not being self -
employed when required. It is also determined that stress level is also considered as
the main issue which mainly bother the employees. In case of stress level, it is
determined that Employees burn out &eventually abandon their occupations when
the role, organisation, or business itself will become too demanding. Unrealistic

standards &excessive workloads are the most common causes of workplace stress,
according to 38% of UK employees.
Cost of employee turnover
There are various factors are involved in context of the cost of the employee turnover
such as hire people who have the same values as your company, allow for a variety of
working hours, business pay and benefits, demonstrate superior on boarding abilities,
put a strong emphasis on professional growth, enhance management and leadership
capabilities, encourage a healthy work-life balance and also encourage people to
participate in health and wellness programs. There are some other factors are also
involved which are given below-
Hiring costs
It is determined that advertising a new employment opening isn't inexpensive,
specifically if company just want the perfect prospect to notice it. HR manager could
hire a staffing agency, which will cost you 10-20% of the annual income for the job.
But keep in mind that you only have to pay if you hire someone recommended by the
organization. Company might also post a job ad on the internet. The price will vary
depending on the sort of advertisement you select. A 30-day employment ad on
Monster will set you back £130, whilst a six-week job ad on Reed will set you back
£79 (Jaseel, 2019).
On boarding &training
It is analyzed that company need to really have to welcoming them to company team
after HR manager chosen the suitable individual. Company can send together some
kind of welcome package for them that include their offer letter, copy of their
contract, business benefits information, & the terms & also conditions of employment.
They won't cost much to prepare for one employee, but if company ever needs to
create these frequently, the expense will quickly add up.

Loss of productivity
It will take time for your new employee to match the level of productivity as the
individual they are replacing. To be more specific, Oxford Economics &Unum
estimate that it takes 28 weeks on aggregate &costs £25,182 in lost output. Company
can look for ways to save money everywhere you can. It can be interesting to look for
a less expensive recruiting firm or a less expensive approved training
programme.However, the most efficient method to cut staff turnover costs is to keep
hard personnel on board.
Retention Strategies
The volume's retention method is an attribute. The retention technique is the same for
all volumes in a multivolume set. The retention technique for all data sets on a volume
is the same as the retention method for the container on which they should be stored.
Employee retention management entails taking intentional steps to keep personnel
engaged & also focused so they choose to stay on the job &contribute fully to the
company's success (Khalid &Nawab, 2018).
Retention
strategy
Evidence it
works
Advantages of the
method
Disadvantages of
the method
Prioritize
Work-Life
Balance
Gatrell, C.J.,
Burnett, S.B.,
Cooper, C.L.
&Sparrow, P.,
2013. Work–life
balance
&parenthood: A
comparative
review of
definitions, equity
&enrichment. Inte
Increased productivity.
Less instances of
sickness &absenteeism.
a happier, less stressed
workforce. Staff feeling
valued &that their
personal and/or family
life is important.
Damaging effects
include a higher
risk of stroke,
coronary heart
disease, &mental
disorders, such as
anxiety
&depression.

rnational Journal
of management
reviews, 15(3),
pp.300-316.
Improve
Organizational
Culture
Petty, M.M.,
Beadles, N.A.,
Chapman, D.F.,
Lowery, C.M.
&Connell, D.W.,
1995.
Relationships
between
organizational
culture
&organizational
performance. Psyc
hological
Reports, 76(2),
pp.483-492.
A work environment
that possesses
organizational culture is
driven by purpose
&clear expectations.
This motivates
&inspires employees to
be more engaged in their
work duties
&interactions with
others. It also leads to
high levels of workforce
engagement, which
drives productivity
(Mabindisa, 2014).
Weak culture is an
organizational
culture where the
company values are
not very strong
&not accepted by
all employees.
Weak culture
results
in instability, lack
of innovation, low
customer focus
&even high
attrition.
Continuous
feedback on
performance
Kerr, N.L.,
Messé, L.A.,
Park, E.S.
&Sambolec, E.J.,
2005.
Identifiability,
performance
feedback &the
Köhler
effect. Group
Processes &
Intergroup
Relations, 8(4),
Continuous
feedback boosts the
employees to give their
best. It also holds up the
employees' morale, by
which they remain loyal
to their work &to their
organization.
Continuous feedback
minimizes the time
taken to complete a
given task/project. It
gives well trained &
There are some
drawbacks, mainly
related to getting a
“feedback culture”
set up, &getting
full employee buy-
in. Takes time to
set up – Setting up
a culture of
continuous
feedback cannot be
done overnight
(Rombaut &

pp.375-390. groomed employees to
the organization.
Guerry, 2020).
Conclusions
According to this report, it can be conclude that the ability to retain a good
&motivated employee is critical to the business survival. High staff turnover raises
costs & has a negative influence on the morale of the company. Implementing an
effective retention programme is a good method to ensure that key employees stay on
the job simultaneously balancing & also sustaining work performance. It is
determined that company need to focus on their employees and also adopt effective
employees retention strategies which can helpful to improve the effectiveness.

References
Aguenza, B.B. &Som, A.P.M., 2018. Motivational factors of employee retention
&engagement in organizations. International Journal of Advances in
Agriculture Sciences.
Bloom, J.P., Moonsamy, P., Gartland, R.M., O'Malley, C., Tolis Jr, G., Villavicencio-
Theoduloz, M.A., Burkhardt, C., Dunn, P., Sundt, T.M. &D'Alessandro,
D.A., 2021. Impact of staff turnover during cardiac surgical procedures. The
Journal of Thoracic &Cardiovascular Surgery, 161(1), pp.139-144.
Imran, S. &Ayub, R., 2017. Impact of Staff Turnover on
EmployeesPerformance. RADS Journal of Social Sciencess & Business
Management, 4(1), pp.15-35.
Jaseel, J., 2019. Impact of training &development on employee retention of the sales
team in Vodafone at United Kingdom (Doctoral dissertation, Dublin Business
School).
Khalid, K. &Nawab, S., 2018. Employee participation &employee retention in view
of compensation. SAGE Open, 8(4), p.2158244018810067.
Mabindisa, V., 2014. Impact of staff turnover on organizational effectiveness
&employee performance at the Department of Home Affairs in the Eastern
Cape Province (Doctoral dissertation).
Rombaut, E. &Guerry, M.A., 2020. The effectiveness of employee retention through
an uplift modeling approach. International Journal of Manpower.