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Reducing Employee Turnover in Walmart: A Plan for Senior Leadership

   

Added on  2023-05-26

16 Pages1207 Words79 Views
Plan for senior leadership

Problem and its setting within
the Walmart
The problem being addressed is “employee
turnover” in the Walmart. Its setting within the
organization is made possible with the help of
A worst match between the employee’s skills
and job: The job analysis and job descriptions
should be used to minimize the chances of
hiring unsuitable employees.
Lack of opportunity: Sometimes the applicants
do not appropriately understand the job
description, as a result, they are misled by the
Walmart.

Continued.....
Feeling of not being appreciated: The
employees need to be appreciated time on
time for the recognition. The employees feel
a lack of appreciation which cause delays
and disinterest in the work (Amankwaa &
Anku-Tsede, 2015).
Unequal wage structures: Inequality in the
pay structures is the great reason for
dissatisfaction among the employees to quit
the job at Walmart.

Methods recommended for collecting
information and insight about the problem
A performance indicator or key performance indicators
(KPIs) can be recommended as a performance measurement
at Walmart (Mittal & Dhar, 2015). The problem of employee
turnover can be analysed by the following indicators:
Retirement rate: It is specifically important for the
Walmart to develop a strategic workforce plan. The
retirement rate can be estimated by considering at the
number of employees who are retired as a percentage of
the complete headcount.
Knowledge attained with training: IT can help Walmart to
view the effeciency of the employee training. It can be
decided by conducting an exam, checking exam pass rate
percent and average score percent.

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