Employee Turnover Analysis: Roles and Impact on Organizations

This report delves into the significant role employees play in an organization's success and addresses the critical issue of high employee turnover. It highlights how high turnover rates increase organizational costs and reduce operating profits, emphasizing the importance of implementing effective retention plans to motivate employees and boost productivity. The report discusses methods for assessing employee morale, such as conducting surveys, and outlines processes for reducing turnover through employee engagement and feedback. It also emphasizes the HR manager's role in presenting reports that focus on the reasons behind employee departures and the overall impact of turnover, advocating for attractive retention strategies to minimize hiring costs and improve company productivity. The report references various sources, providing a comprehensive overview of employee turnover and retention strategies.

ROLE OF EMPLOYEES
IN ORGANIZATION
Student’s Name

Reasons for high employee
turnover
 Employees are valuable assets of an organization
and are the key ingredient for the success of the
organization.
 It is analysed that the company suffers the
problem of high employee turnover, which leads to
an increase in the overall cost of the company and
a reduction in the operating profit of the company
(Burns, 2016).

Factors in preparing financial estimate
 A high percentage of employee turnovers leave the
major impact on the profits and the sustainability
of the organization.
 It becomes vital for the company to adopt the
retention plans to keep the employees motivated
and ensuring higher productivity of the company.
 High employee turnover leads to an increase in the
cost for the company in several ways.

Measures to assess morale of employees
 The employers must make the crucial observation
by conducting the survey in which the employees
filled the questionnaire and based on their
response the company judges the morale of the
employees(Albanese,2018).

Process to reduce employee turnover
 The process to reduce the employee
turnover covers various steps, which
involves getting the feedback form
filled by the employees through
employee engagement surveys to get
the real picture of the organization
and analyse the toxic, which will help
in reducing the employee turnover
for the upcoming years (Aguenza &
Som, 2018).

Role of HR manager in presenting reports
 By following the recommendations
mentioned above, I will provide a
deep focus on the reasons why the
employees are leaving the
organization and the impact of the
high employee turnover on the
organization.
 I will describe the importance of
adopting attractive retention plans to
boost the morale of the employees
and reduce the cost of hiring new
employees and lowering the
productivity of the company.

References
 Aguenza, B. B., & Som, A. P. M. (2018). Motivational factors of
employee retention and engagement in organizations. IJAME,
6(1)
 Albanese, J. (2018). Measuring employee morale in the
organization. Retrieved from: https://www.inc.com/jason-
albanese/measuring-employee-morale-in-the-
organization.html
 Antony, M. R. (2018). Paradigm shift in employee
engagement–A critical analysis on the drivers of employee
engagement. International Journal of Information, Business
and Management, 10(2), 32-46.

References
 Burns, P. (2016). Entrepreneurship and small business. United
Kingdom: Palgrave Macmillan Limited
 Clark, R.T. (2012). The employee engagement mindset. Newyork:
McGrawHill
 Dickson, G. (2018). 11 ways to reduce employee turnover. Retrieved
from: https://blog.bonus.ly/easy-ways-to-reduce-employee-turnover
 Mathis, L.R., Jackson, H.J., & Valentine, R.S (2014). Human Resource
Management. Canada: Cengage learning

References
 Urban, V., & Botez, N. (2016). The Importance of
Analysing the Employees' Mood. Economy
Transdisciplinarity Cognition, 19(1), 40
 Varma, C. (2017). Importance of Employee Motivation &
Job Satisfaction for Organizational Performance.SSRN,
6(2)
 Workfront. (2018). How are you measuring employee
morale? 4 things you can do to get better. Retrieved from:
https://www.workfront.com/blog/how-are-you-measuring-
employee-morale-4-things-you-can-do-to-get-better