Strategic HRM: Addressing Employee Turnover in Reliance Industries
VerifiedAdded on 2023/04/24
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Report
AI Summary
This report addresses the critical issue of high employee turnover at Reliance Industries Limited (RIL), a leading Indian conglomerate. It identifies key causes such as inadequate employee motivation due to compensation issues, heavy workloads particularly in the sales department, poor work-life balance leading to employee dissatisfaction, and organizational changes resulting from rapid new product development. To combat these challenges, the report recommends several strategies, including improved HR policies with enhanced motivational factors like better compensation and incentives, workload delegation and reduced working hours, initiatives to promote work-life balance such as flexible schedules and wellness programs, and structured change management processes with comprehensive training and support. The successful implementation of these recommendations, involving top-level managers, HR personnel, and immediate superiors, is expected to reduce employee turnover, improve employee satisfaction, and enhance the overall management and profitability of Reliance Industries. Desklib provides access to similar solved assignments and past papers for students.
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