This study aims to understand the causes of employee retention in Hollywood Bakery Company and provide solutions to mitigate the issue. The study includes a literature review, research questions, methodology, data findings and analysis, and conclusion and recommendations.
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Running Head: IMPROVING ORGANIZATIONAL PERFORMANCE Improving Organizational Performance Name of the Student Name of the University Author Note
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1IMPROVING ORGANIZATIONAL PERFORMANCE Executive Summary The aim of the study is to understand the causes that is leading to employee retention in Hollywood Bakery Company. The key factors that are causing the attrition is discussed along with the utilization of retention theory and model which will help the company in mitigating the retention issues. The background on employee retention is stated and research questions has been given. The research methodology that has been used is mixed methodology, which included both qualitativeandquantitativedatabyusinginterviewtechniqueandsurveymethod.The qualitative analysis is stated in the study that determines the percentage of influence it casts on employees for attrition. The quantitative data is also provided in the study. The factors that are the reasons behind employee retention is also stated in the study.
2IMPROVING ORGANIZATIONAL PERFORMANCE Table of Contents 1.Introduction..............................................................................................................................3 1.1 Background................................................................................................................................4 1.2 Goals and objectives of the project............................................................................................4 1.3 Research Questions....................................................................................................................5 2. Literature Review........................................................................................................................5 2.1 The factors that are causing employee attrition in the industry.............................................5 2.1.1 Job Dissatisfaction..............................................................................................................6 2.1.2 Stress...................................................................................................................................7 2.1.3 Work-hours Balance...........................................................................................................7 2.1.4 Reward Management..........................................................................................................7 2.1.5 Training and development..................................................................................................8 2.1.6 Motivation...........................................................................................................................8 2.1.7 Work environment..............................................................................................................9 2.1.10 Flexibility in workplace....................................................................................................9 3. Project Management..................................................................................................................10 3.1 Employee Retention Theory................................................................................................10 4. Intended Usage of Theories Models and Frameworks..............................................................10 4.1 Employee Retention Model.................................................................................................10 4.1.1 Zinger Model................................................................................................................10
4IMPROVING ORGANIZATIONAL PERFORMANCE Shortage of employees and high staff turnover at Hollywood Bakery Company 1.Introduction The Hollywood Bakery company has been one of the biggest bakery company that has been supplying fresh pies, breads and savories along with pastries, cakes and slices. The company has employed skilled workers in their baking team that helps them in producing high quality food items, they are always serving fresh, and tasty food items the company uses fresh material for baking their pastries. The company was founded in 1995, and the company has been operating its business for almost more than two decades. The company has been operating its functions along with central manufacture facilities that run almost 24X7 for delivering items and they are associated with almost many coffee shops (Chen, et al). The main motive of the company s to serve their customers with best quality food items and a wide variety of products from which they can make their choices and the prices that they have to pay for the food items is also affordable. The strategy that the company plays in order to gain the competitive advantage in the industry is by providing a wide variety of food items to the customers at very affordable price so that they can retain them. The infrastructure of the company and the interiors of the stores are well designed and the arrangements are done in a very systematic this also helps the company in maintaining a good impression in front of the customers. The company is also very particular in maintaining the hygiene factors as they conduct business with food items it is also important for them to have proper sanitization (Youn, Kim & Song, 2017). The authorities of the company also follow a systematic process of operating their business. The company also has supervisors that have strict supervision on the working for the employees and supervising that they are properly executing their journey. The aim of the study is to understand the reasons that is causing high
5IMPROVING ORGANIZATIONAL PERFORMANCE staff turnover and the aims and objectives of the sturdy will be discussed the theories and models on employee retention will also be discussed along with the factors that is affecting employee retention. 1.1 Background Employee retention is a big problem that the companies are facing and it causes negative impact on the production of the company as they are the main source that triggers positive production and help in revenue growth of the company, the employees devote their efforts and timeforachievingthegoalsofthecompany.Therefore,thecompanyalsohascertain responsibilities towards their employees in order to retain them. The company must have policies for the supervisors should also hear the employees that will in order to safeguard their rights and their opinion so that a balance communication can be followed (Chen, et al. 2016). The company must also ensure that a positive and healthy environment is being maintained in the premises of the company that will help the employees in bringing positive productivity in the company. The employee retention is a major problem that the company should control as that will help them in earning revenue. 1.2 Goals and objectives of the project The aim of the study is to understand the various factors that is causing employee retention in Hollywood Bakery Company the main issue that the company is facing is related to employee attrition. The bakers of the company are not willing to stay associated with the company and this is the reason the company is facing huge attrition in the company. Therefore, the objectives of the research is stated below: To determine the main factors that is leading to staff turnover in Hollywood Bakery Company
6IMPROVING ORGANIZATIONAL PERFORMANCE To determine the various approaches related to employee retention that is used to increase along with sustain the increasing rates of employee attrition in Hollywood Bakery. To determine the basis of employee turnover in the company 1.3 Research Questions What are the main factors that are causing staff turnover Hollywood Bakery Company? What are the models and theories that can help in understanding employee attrition and control them? How can the basis of employee attrition can be controlled in the company? 2. Literature Review 2.1 The factors that are causing employee attrition in the industry Many causes leads to employee attrition in the company and that negatively affects the productivity of the company. The company must also understand the factors that is leading the employees in job dissatisfaction, demotivation. The company must also ensure that they are able to provide healthy and safe environment to the employees so that they can devote their efforts that will help the organization in attaining positive productivity. The managers that are involved in the industry tends to focus in their growths and overlook the basis requirements of the employees, which leads to dissatisfaction (Youn, Kim & Song, 2017). The managers are unable to understand the grievances, their opinions are not given any importance, which leads to demotivation, and they tend to leave the job. In this industry, the employees have to work for long hours and this brings fatigue in the employees’ and they are also not given any extra payment for the overtime they are doing, therefore it results in demotivation and disregard for the
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7IMPROVING ORGANIZATIONAL PERFORMANCE company. The flexibility in the work hours is also absent, the employees have to undergo strict policies that are often difficult for them to maintain and gradually it results in conflicts amongst the managers, authorities and the employees. The stability on the work is very scarce and the employees find difficulty in maintaining a balance in their professional and personal life, due to the long working hours. The attrition in the hospitality industry is very high and it seems to increase gradually, the staffs that are working in the hotel industry are not subjected too much growth in their career life and they do not get much opportunities to grow in their professional life which highly demotivates them. Therefore, this also stems in attrition in the company the staffs also feel that they are not being appreciated and they are not given any rewards by the authorities that can help in motivating them an devote more efforts of the company. 2.1.1 Job Dissatisfaction The employees of the concern face job dissatisfaction because the authorities do not appreciate their efforts and they are not rewarded by the company, which will motivate them and make them devote more effort for the company so that they can attain the targeted goals and develop their skills. The staffs also face harsh behavior from their supervisors if they make any mistake, and the criticisms make them demotivated due to which the company experiences high attrition rates. The staffs are always scrutinized and criticized even if they are performing well. The authorities tend to make them give more efforts so that they can provide customers the best services and attain the competitive advantage (Genly, 2016).
8IMPROVING ORGANIZATIONAL PERFORMANCE 2.1.2 Stress The pressure that the company provides to the employees leads to huge stress as they are scrutinized for the work that they are doing. They are not appreciated for the efforts that they are providing. The employees are forced to work for long hours for the company and they do not receive any extra payment for that which triggers stress in the employees. They sudden changes that the company decides to implement are not discussed with the employees and their opinions are not considered yet the authorities want the employees to adapt the changes with fluency. The employees face difficulty in adapting the changes and make mistakes for which they are criticized by the managers and authorities (Han, Bonn & Cho, 2016). 2.1.3 Work-hours Balance The work-hours balance is very less in this company as the employees are forced to work for long hours, that is beyond their shift timing and they are not even given any extra payment that will motivate them to work for more hours. The company also forces the employees to devote more hours that leads tiredness and fatigue due to which they cannot concentrate on their duties and they often are criticized for their mistakes (Msengeti & Obwogi, 2015). 2.1.4 Reward Management It is very important for the companies to acknowledge the efforts that the employees are providingthecompanymustprovideproperrewardsystemfortheemployeesthatare performing exceptionally well in the concern and give them rewards for their performance. The company can give both financial rewards to the employees that will help them in getting motivated and devote more efforts for the company. Hollywood Bakery Company does not encourage any kind of reward system that resulted in high attrition rates, therefore, the employee turnover in the company has caused huge downfall in the revenue of the company. The
9IMPROVING ORGANIZATIONAL PERFORMANCE employees are also attracted towardsincentivesthat the company should implement and provide them for the performance that they are giving for the company in attaining the revenue. Incentives is an important factor that highly attracts the employees to perform better, devote their maximum efforts, and time in the organization. Absence of proper reward policies and incentive schemes demotivates the employees lead to job satisfaction and the attrition rates as a result gets high (Kossivi, Xu & Kalgora, 2016). 2.1.5 Training and development The hiring of the employees are done but HR and their skills and potential are not properly analyzed due to which the employees feel that they are in wrong industry and the work is not appropriate for them to perform. The companies in order to retain the employees must initiate proper training and development programs so that the skills of the employees are shaped properly. Selection of appropriate training and development program will help the company in providing good training to the employees, which will bring positive productivity to the company and help the employees as well in the developing their individual goals and make themselves eligible for acquiring incentives (Uen, et al. 2018). 2.1.6 Motivation In order to retain the employees in the company it is very important to motivate them for the duties that they are providing, excessive criticism and scrutiny can make the employees demotivated and the urge of giving efforts for the company will gradually decrease. Therefore, the authorities must always try in motivating their employees that will boost their performance. The loopholes that the employees have in performing their duties must be properly analyzed and the supervisors must try to give them proper suggestion that will help them in identifying their
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10IMPROVING ORGANIZATIONAL PERFORMANCE mistakes and take necessary measures to mitigate them. The informal way of helping and guiding, the employees will also keep them motivated (Msengeti & Obwogi, 2015). 2.1.7 Work environment The work environment of the company is a big factor that can either have negative or positive influence on the performance of the employees. The absence of proper ambience can lead to high attrition; it is important for the authorities to understand the loopholes that is resulting in attrition because of the environment in the company. The company must also have policies that will safeguard the rights of the employees and they should feel safe and secured within the premises of the company. The safety and security of female employees must be safeguarded, yet the company fails to provide a good environment to the employees that will help them in giving productivity to the company (Goh & Lee, 2018). 2.1.10 Flexibility in workplace It is very important for the company to have proper flexibility in the workplace as that helps in maintaining a proper environment for the employees to execute out their duties. The company must implement flexible working arrangements for the employees so that they can work with less pressure and there will be less probability of mistakes. The employees are not given flexible work hours rather they are made to work for more hours that is at times even after their shift timing. Therefore, due to this, the employees undergo stress, fatigue and exhaustion, which drastically affects their performance, mental stability, and they tend to feel demotivated. This stems to high attrition rates in the company, the stringent policies and shift timing often bring negative impact on the employees and they develop disregard for the company and their authorities. The disagreements between the opinions and decisions of the employees and the
11IMPROVING ORGANIZATIONAL PERFORMANCE authorities leads to conflicts, which harms the productivity of the company and leads to high attrition rates within the organization (Alfayad & Arif, 2017). 3. Project Management 3.1 Employee Retention Theory According toMsengeti & Obwogi, 2015), the companies need to retain their employees so that they can attain their targeted revenue and gradually increase the profit margin of the company it is also important for the company to employ the suitable candidates so that they can easily adjust with the ambience and knows how to manage workload.The company must understand the various reasons that is causing employee attrition in the company and implicate the theories and models that will help them in overcoming the issue. Therefore, the theory that is initiated by Herzberg will help the company in decreasing the attrition rate. The Herzberg theory mainly focus on two aspects that is motivator and hygiene, the motivator factor is the one that helps the employees to stay motivated and perform their duties properly. The motivation is huge factors that helps the employees to survive in the organization and the hygiene factors are that defines the relationship that the employees hold with their authorities and conflicts between the employees and authorities can stem to work related stress issues, and pressure that is given on the employees by the authorities of the company (Karumuri, 2016).
12IMPROVING ORGANIZATIONAL PERFORMANCE 4. Intended Usage of Theories Models and Frameworks 4.1 Employee Retention Model 4.1.1 Zinger Model The Zinger model helps in controlling the employee retention and manage the performance of the employees, this model helps in enhancing the performance of the employees therefore, and the authorities must apply this model in their organization that will help the company in controlling the attrition rates. This model will help Hollywood Bakery Company in making the employees grow their skills both for their personal and professional life, which will also bring productivity to the company and help them to build their individual skills. The Zinger model is helpful in understanding the loopholes that they have and mitigate them to achieve the results and excel in the work that they are performing (Murphy, 2017). 5. Research Methodology The methodology that has been conducted for the collecting of the data is both qualitative and quantitative. The primary research is conducted and the instruments that has been utilized for gathering the primary data is survey method and interview methods, through this both qualitative and quantitative data has been attained. The data has been attained though questionnaire by interviewing the managers and surveying the employees. The sampling of the data has been done by interviewing five managers and surveying 100 employees. Mixed methodology has been performed to execute the research and understanding the reasons that is leading to employee attrition in Hollywood Bakery Company.
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13IMPROVING ORGANIZATIONAL PERFORMANCE 6.0 Data Findings and Analysis This chapter provides a detailed description of the results derived from the data collected. Initially, the quantitative data collection has been performed, and then the qualitative data analysis has been performed to validate the results from the quantitative analysis. 6.1 Quantitative Analysis 6.1.1 Reliability Analysis Reliability is the ability of the study to examine the internal consistency of the data collected. This study has used Cronbach’s alpha test to examine the scale reliability among the data collected. The value of alpha has to be greater than 0.7 for the data to be reliable and in this study, the value of alpha is .987, which shows high internal consistency between the data collected. Moreover, the item total statistics determine the internal consistency of the data when one of the element is deleted. It shows that all the variables are contributing positively to the reliability of the data collected. Reliability Statistics Cronbach's Alpha N of Items .98711 Item-Total Statistics Scale Mean if Item Deleted Scale Variance if Item Deleted Corrected Item-Total Correlation Cronbach's Alpha if Item Deleted Satisfaction36.72162.244.930.986 Stress36.82160.371.932.986 long working hours36.90159.283.939.986 reward management36.74161.992.929.986
14IMPROVING ORGANIZATIONAL PERFORMANCE incentive schemes36.80162.202.933.986 positive attitude36.84161.530.921.986 regular training36.83159.961.933.986 motivated36.77161.411.927.986 work environment36.77160.118.934.986 flexiblewokring hours 36.81161.953.928.986 work life balance36.80162.424.926.986 6.1.2 Normality Test The normality test shows that the data collected follows a normal distribution where variables are lying at different ends of the spectrum. It means that the data set is reliable to perform quantitative analysis. Tests of Normality Kolmogorov-SmirnovaShapiro-Wilk StatisticdfSig.StatisticdfSig. Satisfaction.233100.000.828100.000 Stress.257100.000.822100.000 long working hours.277100.000.811100.000 reward management.238100.000.830100.000 incentive schemes.257100.000.840100.000 positive attitude.266100.000.831100.000 regular training.259100.000.817100.000 motivated.245100.000.827100.000 work environment.243100.000.815100.000 flexiblewokring hours .259100.000.837100.000 work life balance.257100.000.840100.000
15IMPROVING ORGANIZATIONAL PERFORMANCE 6.1.3 Demographic Data The frequency graph shows that 52% of the respondents are female and remaining are male. This question examines the age of the respondents in the investigation. The results show that 27% are between the age group of 18-20, 20% are between the age group of 21-29, 19% are between the age group of 40-49, 18% are between the age group of 31-39 and 16% are between the age group of 50-59.It shows that there is almost equal distribution in terms of age which providesopinionsofavarietyofemployees.Thisquestionscrutinisestheeducational qualification of the respondents in the study. The outcome shows that 27% have completed elementary education, 23% have completed their post-graduation, 21% are undergraduate and 14% are graduate employees. It shows that people belong to different educational qualification are working together, and it portrays the diversity of the workforce. The question analyses the marital status of the respondents and the results showing that there is an almost equal distribution between married and unmarried people. The question examines the employment status of the respondents.Theoutcomeshowsthat36%arefulltimeemployees,29%arepart-time employees, and 35% are not working. It signifies that 35% of the employees that have worked in the organisation but have left are participating. It helps in gaining better insights into the data collected and the factors affecting staff turnover. 6.1.4 Correlation analysis The correlation analysis shows that all the factors mentioned in the study have shown positive correlation and significance at two-tailed. Factors such as stress, lack of work-life balance, lack of reward management and incentive structure and lack of collaborative work environment affect the turnover rate within the organisation.
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16IMPROVING ORGANIZATIONAL PERFORMANCE 6.2 Qualitative analysis QuestionData 1. What are the positive aspects of a job in Hollywood BakeryEspresso? “ The incentive and pay structure are as par with the industry benchmark.” “ The company provides growth opportunities and incentive options to earn more.” “Weprovidehigherremunerationin comparison to other rival companies.” 2. What are the negative aspects of a job in Hollywood Bakery Espresso? “Thejobroleischallenginginthe organisation where employees have to work long hours and put under extreme stress. It is due to a high number of deadlines to be met.” “ There is a lack of work-life balance as working long hours makes it difficult to give time to family.” “ The work environment is not collaborative, and there is a lack of support and coordination between team members.” 3. What are the factors affecting turnover in Hollywood Bakery Espresso? “ The job is quite challenging and demands muchcommitment.However,itaffects personallife,andthereisalackof appreciation from the managers.” “ Rewards, incentives, lack of motivation
17IMPROVING ORGANIZATIONAL PERFORMANCE fromthemanagers,stressfulwork environment, lack of employee welfare are vital factors affecting employee turnover.” “ Work environment is not ideal for working, and there is a lack of cooperation among the employees.” 4. What are the strategies implemented to improveretentionrateatHollywood BakeryEspresso? “Wearetryingtoimproveourhuman resource policies by providing better growth opportunities to the employees.” “Weareplanningnewtrainingand development programs and flexible working shifts so that employees can manage their lives better.” “Wearetryingtoimprovethework environmentbyorganisingeventsand improve team bonding. We are also arranging trainingsessionsforthemanagersfor improving the work quality.” 6.2.1 Coded Data Examples of participants wordsOpen codes
18IMPROVING ORGANIZATIONAL PERFORMANCE Incentivesandpaystructure,growth opportunities, higher remuneration Incentives and pay structure, growth opportunities, higher remuneration job role is challenging, demands much commitment,lackofappreciation from the managers, lack of work-life balance,alackofsupportand coordination between team members Challenging and demanding job role, lack of work- life balance and lack of appreciation, Thejobroleischallenginginthe organisation where employees have to work long hours and put under extreme stress Longer working hours, stressful environment improve our human resource policies byprovidingbettergrowth opportunitiestotheemployees, planningnewtrainingand developmentprogramsandflexible working Human resources policies, improving flexibility andgrowthopportunities,newtrainingand development program Open codingAxial codingSelective coding Incentives and pay structure, growth opportunities, higher remuneration Higherremuneration package Higherremuneration package Challenging and demandingLackofwork-lifebalanceLackofwork-lifebalance
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19IMPROVING ORGANIZATIONAL PERFORMANCE job role, lack of work-life balanceandlackof appreciation, and employee welfareand employee welfare Longerworkinghours, stressful environment Long working hour resulting in a stressful environment Long working hour resulting in a stressful environment Human resources policies, improvingflexibilityand growth opportunities,new traininganddevelopment program Human resources policies to improvegrowth opportunities,flexibility, traininganddevelopment program Changes in human resource polcies 6.2.2 Discussion The analysis from the qualitative analysis also shows that lack of work-life balance, stressful environment and long working hours are factors significantly affecting the staff turnover at the bakery. Even though the organisation focused on rewards and incentives, it is not sufficient to address the needs of the employees. The analysis shows that considerable change in human resource policies are needed where the organisation needs to provide flexible working hours and offer sessions to relieve the stress of the employees. Moreover, the organisation also need to provide training and development opportunities for empowering and motivating the employees.
20IMPROVING ORGANIZATIONAL PERFORMANCE 7.0 Conclusion and Recommendation This section links the objective of the study to findings to discuss valid conclusions in the research. Staff turnover is a vital issue faced by a majority of the organisations in the global market, and with the shortage of qualified staff, it is necessary to improve the retention rate. The key findings of the study are as follows: Factors such as stress, lack of work-life balance, lack of reward management and incentive structure and lack of collaborative work environment affect the turnover rate within the organisation. The analysis from the qualitative analysis also shows that lack of work-life balance, stressful environment and long working hours are factors significantly affecting the staff turnover at the bakery. Even though the organisation focused on rewards and incentives, it is not sufficient to address the needs of the employees. The analysis shows that considerable change in human resource policies are needed where the organisation needs toprovideflexibleworkinghoursandoffersessionsto relievethestressof the employees. 7.1 Recommendation The organisation needs to develop competent human resource policies where they need to promote flexible working hours and provide autonomy to them. They also need to develop a cooperative work environment and team bonding to reduce the overall stress levels of the employees.
21IMPROVING ORGANIZATIONAL PERFORMANCE References Alfayad, Z., & Arif, L. S. M. (2017). Employee voice and job satisfaction: An application of Herzberg two-factor theory.International Review of Management and Marketing,7(1), 150-156. Alshmemri, M., Shahwan-Akl, L., & Maude, P. (2017). Herzberg’s two-factor theory.Life Science Journal,14(5), 12-16. Chandani, A., Mehta, M., Mall, A., & Khokhar, V. (2016). Employee engagement: A review paperonfactorsaffectingemployeeengagement.IndianJournalofScienceand Technology,9(15), 1-7. Chen, Y. C., Chen, H. I., Tsui, P. L., & Chiang, Y. C. (2016). CONTRIBUTING CAUSES OF EMPLOYEELOYALTYOFSERVICEPERSONNELININTERNATIONAL HOTELS.International Journal of Organizational Innovation,9(1). Chin, C. L. (2018). The Influence of Job Satisfaction on Employee Turnover Intention in the hospitality industry.Journal of Arts & Social Sciences,1(2), 53-63. Genly,B.(2016).SafetyandJobBurnout:UnderstandingComplexContributing Factors.Professional Safety,61(10), 45-49. Goh, E., & Lee, C. (2018). A workforce to be reckoned with: The emerging pivotal Generation Z hospitality workforce.International Journal of Hospitality Management,73, 20-28. Han, S. J., Bonn, M. A., & Cho, M. (2016). The relationship between customer incivility, restaurantfrontlineserviceemployeeburnoutandturnoverintention.International Journal of Hospitality Management,52, 97-106.
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22IMPROVING ORGANIZATIONAL PERFORMANCE Kandampully, J., Zhang, T., & Bilgihan, A. (2015). Customer loyalty: a review and future directions with a special focus on the hospitality industry.International Journal of Contemporary Hospitality Management,27(3), 379-414. Karumuri,V.(2016).Employeeengagement:Hotelindustry.SCMSJournalofIndian Management,13(3), 120-128. Kossivi,B.,Xu,M.,&Kalgora,B.(2016).Studyondeterminingfactorsofemployee retention.Open Journal of Social Sciences,4(05), 261. Kusuma, P. G., & Madasu, S. (2015). 'A Great Place to Work': A comparison of Employee EngagementPracticesofselectcompanieswithDavidZingerEngagement Pyramid.Aweshkar Research Journal,19(1). McCole,D.(2015).Seasonalemployees:Thelinkbetweensenseofcommunityand retention.Journal of Travel Research,54(2), 193-205. Mohsin, A., Lengler, J., & Aguzzoli, R. (2015). Staff turnover in hotels: Exploring the quadratic and linear relationships.Tourism Management,51, 35-48. Msengeti, D. M., & Obwogi, J. (2015). Effects of pay and work environment on employee retention: A study of Hotel industry in Mombasa County. Murphy, S. (2017).An exploration of the trust relationship and the its impact on employee engagement within an Irish private organisation(Doctoral dissertation, Dublin, National College of Ireland).
23IMPROVING ORGANIZATIONAL PERFORMANCE Qazi, T. F., Khalid, A., & Shafique, M. (2015). Contemplating employee retention through multidimensional assessment of turnover intentions.Pakistan Journal of Commerce and Social Sciences (PJCSS),9(2), 598-613. Uen, J. F., Chang, H. C., McConville, D., & Tsai, S. C. (2018). Supervisory mentoring and newcomer innovation performance in the hospitality industry.International Journal of Hospitality Management,73, 93-101. Youn, H., Kim, J. H., & Song, H. (2017). The leading causes and consequences of citizenship pressureinthehotelindustry.InternationalJournalofContemporaryHospitality Management,29(6), 1541-1559
46IMPROVING ORGANIZATIONAL PERFORMANCE regular training Pearson Correlation .853**1.856**.917**.853** Sig. (2-tailed).000.000.000.000 N100100100100100 motivatedPearson Correlation .887**.856**1.849**.898** Sig. (2-tailed).000.000.000.000 N100100100100100 work environment Pearson Correlation .853**.917**.849**1.875** Sig. (2-tailed).000.000.000.000 N100100100100100 flexible wokring hours Pearson Correlation .884**.853**.898**.875**1 Sig. (2-tailed).000.000.000.000 N100100100100100 worklife balance Pearson Correlation .863**.889**.871**.876**.856** Sig. (2-tailed).000.000.000.000.000 N100100100100100 Correlations work life balance SatisfactionPearson Correlation.895** Sig. (2-tailed).000 N100 StressPearson Correlation.867** Sig. (2-tailed).000 N100 long working hoursPearson Correlation.875** Sig. (2-tailed).000 N100 reward managementPearson Correlation.871** Sig. (2-tailed).000
47IMPROVING ORGANIZATIONAL PERFORMANCE N100 incentive schemesPearson Correlation.875** Sig. (2-tailed).000 N100 positive attitudePearson Correlation.863** Sig. (2-tailed).000 N100 regular trainingPearson Correlation.889** Sig. (2-tailed).000 N100 motivatedPearson Correlation.871** Sig. (2-tailed).000 N100 work environmentPearson Correlation.876** Sig. (2-tailed).000 N100 flexible wokring hoursPearson Correlation.856** Sig. (2-tailed).000 N100 work life balancePearson Correlation1 Sig. (2-tailed) N100 **. Correlation is significant at the 0.01 level (2-tailed). Reflective Learning The learning that has been gained from the following project is that I have understood the importance and reason that are leading to employee retention and the impact that it is casting on the companies. I have taken help of my friends in completing my the project one of my friend has helped me in doing the quantitative part and the calculations based on the surveys and interview that was conducted for carrying out the project. One of my friend has helped me in doing the qualitative analysis where he has helped me in making the diagrams and draw the
48IMPROVING ORGANIZATIONAL PERFORMANCE understanding. I have done the literature review and the understanding that I have gained from the study is that the employees are not being provided proper facilities and the authorities of the company are treating them unfairly. The factors such as stress, rewards managements and motivation has helped to understand that the factors are very important for maintaining employee retention, the employees are not being properly paid for the work that they are doing. I have understood that the employees must be motivated thoroughly that will help them in enhancing their performances, the work hours should be little flexible so that the employees do not feel fatigue or stress and the pressure does not harm their mental peace or stability. The qualitative and the quantitative data has been conducted by interviewing five manger and surveying ten employees and the understanding that has been drawn from the analysis is thatthough the company has incentive and reward system but the company is not concerned by the opinions and the needs of the employees which leads to conflicts. The HR of the company must also be employee centric and propose strategies that will help in reducing the attrition rates in the company. The change plan that the company initiates must be discussed with the employees and their opinions should be taken and considered as well so that they feel that they are being valued and their trust and faith towards the company will increase. I have also learned that the bakery company must understand the requirements of the employees and help them with the shortcomings rather than criticizing them.
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