Turnover Problem at Treadway Tire: Memo Reviewing the Issue

Running Head: TURNOVER PROBLEM AT TREADWAY TIRE 1
A Memo Reviewing the turnover problem at Treadway Tire, Lima plant
Student Name
Institution

Running Head: TURNOVER PROBLEM AT TREADWAY TIRE 2
MEMO REPORT
From: Ashley Wall, Director of Human Resources
To: plant Manager
Cc:
Date:
Subject: Review of the turnover problem at Treadway Tire, Lima plant
Employee retention rate is among the most critical challenges facing majority of
human resource departments. Organizations seek to retain their staff members as they are
valued resources and part of their investments (Hee & Ling2011). However, the economy is
improving and talent crunches are being experienced due to retiring boomers, worsening even
further the retention rates for companies. Currently, the turnover rates for all industries is
close to 13% and looks to intensify in future as the talent war continues and millennials who
have a high tendency of changing jobs are forming a substantial part of the workforce. Here
at Treadway Tire, the company has also been experiencing an increase in turnover rates. As a
professional in the human resource department, I have reviewed some of the reasons that may
be leading to employees leaving the organization, plus recommendations to ways the
company can improve their retention rates.
One of the reasons that leads to employees’ quitting their jobs at the plant is work-life
imbalance (Moncarz, Zhao, & Kay.2009). Treadway Tire just like most businesses is under
the increasing economic pressures hence demand one individual to do the tasks of two or
more people. This results in employees working during weekends and extending working
hours. Staff members are forced to select between work life and personal life. The current