HRMN 300 Human Resource Management Scenario 3: The Effect of Losing Staff Members during a Staff Reduction
Scenario 3: The Effect of Losing Staff Members during a Staff Reduction
The existing recruitment and retention policies can create a delay because it requires upper-level approval for all new hires. It could take time to obtain the required permissions for hiring.
Employee retention can be impacted by many things, low pay, lack of growth, and motivation cause an employee to seek other employment. According to Module 7 of Employee Compensation, Incentive, and Benefits Strategies, compensation is something that needs to be monitored in order to keep up with current trends and make sure that your employees are receiving equitable pay.
To maintain communication, I would develop a survey to send to all employees asking employees to respond to job satisfaction questions. Making sure to include specific questions about the type of work performed, management style, and work/life balance. I would take the results and develop an employee retention plan.
References
Juneja, P. (n.d.). MSG Management Study Guide. Employee Retention Strategies. Retrieved March 08, 2019, from https://www.managementstudyguide.com/employee-retention-strategies.htm
Lumen Learning (n.d.). Employee Compensation Incentive and Benefits Strategies. Retrieved March 10, 2019, from https://courses.lumenlearning.com/suny-principlesmanagement/chapter/employee-compensation-incentive-and-benefits-strategies/
Lumen Learning (n.d.). Pay Structure and Pay for Performance. Retrieved March 09, 2019, from https://courses.lumenlearning.com/principlesmanagement/chapter/16-5-the-roles-of-pay-structure-and-pay-for-performance/
Wilkie, D. (2018, October 23). Just Because Your Workers Feel Loyal Doesn’t Mean They’ll Stay. Retrieved March 08, 2019, from https://www.shrm.org/ResourcesAndTools/hr-topics/employee-relations/Pages/employee-loyalty.aspx
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