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Fundamentals Of Management - Ford Company Report

   

Added on  2020-02-24

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Leadership Management
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Running head: FUNDAMENTALS OF MANAGEMENT Fundamentals of ManagementName of the StudentName of the UniversityAuthor Note
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1FUNDAMENTALS OF MANAGEMENTTask 2: High Employee Turnover in Ford Out of all the organizational issues that are encountered by the food company, the highrate of employee turnover in recent times have compromised and the overall quality oforganizational performance. The company has to encounter huge amount of financial loss that iscaused due to this high rate of employee turnover. This is mainly due to the fact that thecompany each year spends nearly $1.2 million for the training program that is aimed to improvethe level of skills of inexperienced workers at various departments. It has been seen for the past 2years on average 80 employees are resigning from their respective post in every month(Corporate.ford.com, 2017). Hence, the cost of the training program that is being provided to theworkers is accounted as total loss for the company. It is believed that the poor communication between the workers and the management is one ofthe major causes of employee dissatisfaction. This in turn is causing high rate of employeeturnover. The poor workplace environment is believed to be one of the major causes of highemployee turnover rate. It is also evident that the employees are not satisfied with the salarypackages that are being provided. High rate of employee turnover can also be one of the majorDe-motivating factors for the existing employees of Ford Company. There are also few cases,where the senior workers are forced to leave the organization due to lack of career growthopportunity. This is a major loss for the company due to the fact that they are not able to furtherutilize the experience of the senior workers that can be used to provide valuable mentoringadvice to the new employees. The trust and coordination level among the workers within theorganization is also compromised due to the fact that they are not satisfied with the environmentof the workplace.
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