Turnover Rate Essays (Examples)
Study Document
Strategies To Improve Retention Rates At A Consulting Firm
Executive Summary
Although the precise causes differ from organization to organization, the high costs that are associated with unplanned turnover are well documented. In fact, in some professions, replacement costs for employees can easily equal their annual salary or even more, so identifying … are well documented. In fact, in some professions, replacement costs for employees can easily equal their annual salary or even more, so identifying rate to reduce turnover rate represents a valuable and timely enterprise. To this end, the purpose of this proposal is to provide a description of the problems of … management plan that motivates them to acquire additional education and training as well as instilling an enhanced sense of organizational loyalty to reduce turnover levels. In addition, a secondary recommendation concerns the need to encourage employees to develop their knowledge and expertise in successfully navigating their career …
· Recommendation #3: Provide all lower-level……
References
References
Christie, J. (2014, September). Cochrane review brief: Exit interviews to reduce turnover amongst healthcare professionals. Online Journal of Issues in Nursing. 19(3), 7-11.
Dobbs, K. (2009, April). Knowing how to keep your best and brightest. Workforce, 80(4), 56-60.
Hansen, F. (2009, March 27). Refining signing bonuses. Workforce Management, 85(6), 1-3.
Johns, R. & Gorrick, J. (2016, April). Exploring the behavioral options of exit and voice in the exit interview process. International Journal of Employment Studies, 24(1), 25-29.
Ohunakin, F. & Adeniji, A. (2018, March). Perception of frontline employees towards career growth opportunities: Implications on turnover untention. Business: Theory and Practice, 19(1), 278-283.
Tatham, P. (2008, Spring). At my desk. Australian Journal of Career Development, 17(3), 6-9.
Turnover rates by industry. (2019). Compensation Force. Retrieved from https://www.compensationforce.com/2017/04/2016-turnover-rates-by-industry.html .
Study Document
Staffing For Nurses In Hospitals
… because it is clearly important to nurses’ own health and ability to do their jobs. It can also play a part in preventing turnover rate from going too high (Laschinger & Fida, 2015). Therefore, this is an issue that can address a lot of problems in health care … jobs and are more satisfied. When they are more satisfied they are more likely to stay in their jobs, too, which means lower turnover.
Financial Impact
The financial impact of mandatory staffing ratios has to be viewed in two ways. First, it has to be viewed in ……
References
References
ANA. (2019). Nurse staffing. Retrieved from https://www.nursingworld.org/practice-policy/advocacy/state/nurse-staffing/
Dousay, T., Childers, B., Cole, M., Hill, T., & Rogers, C. (2016). Lower Nurse-to-Patient Ratio: Higher Patient Satisfaction. Retrieved from https://scholarworks.moreheadstate.edu/cgi/viewcontent.cgi?article=1105&context=student_scholarship_posters
Fowler, D., & Comeaux, Y. (2017). The legislative role in nurse staffing ratios. MedSurg Nursing, 26(2), 12-14.
Laschinger, H. K. S., & Fida, R. (2015). Linking nurses’ perceptions of patient care quality to job satisfaction: the role of authentic leadership and empowering professional practice environments. Journal of Nursing Administration, 45(5), 276-283.
Martin, C. J. (2015). The effects of nurse staffing on quality of care. MedSurg Nursing, 24(2), S4-S4.
Reiter, K. L., Harless, D. W., Pink, G. H., & Mark, B. A. (2012). Minimum Nurse Staffing Legislation and the Financial Performance of C alifornia Hospitals. Health Services Research, 47(3pt1), 1030-1050.
Rondeau, K. V., & Wagar, T. H. (2016). Human resource management practices and nursing turnover. Journal of Nursing Education and Practice, 6(10), 101.
Twigg, D. E., Myers, H., Duffield, C., Giles, M., & Evans, G. (2015). Is there an economic case for investing in nursing care–what does the literature tell us?. Journal of advanced nursing, 71(5), 975-990.
Study Document
Current Issue In Nursing Nursing Shortage
… levels of nurses, lower nurse to patient ratios, and also more highly trained nurses are associated with better health outcomes and lower mortality rate. But despite the fact that there is high demand for nurses, and also increased interest in entering this very exciting profession, retaining qualified … faculty shortages, an inability to admit all qualified candidates to nursing schools, combined with a dramatically expanded and diverse patient population with higher rate of chronic versus infectious diseases are all contributing to the need for more nurses, combined with quality of life issues for many nurses. … new formerly uninsured individuals into the healthcare system as regular health consumers. There is a projected 15% job growth for nurses, a faster rate than all other occupations (Haddad & Toney-Butler, 2019). The population is aging, and older people require more healthcare, and have a higher rate of comorbidities. But the nursing profession……
References
References
ANA health care economist Peter McMenamin on the nursing shortage outlook. (2019). Nursing
World. Retrieved from: https://www.nursingworld.org/~4afb8f/globalassets/practiceandpolicy/health-and- safety/rnjobmkt_peterminterview_final_030713.pdf
Bond, D. (2017). Will BSN students consider a future nursing faculty role? Nursing Education Perspectives, 38(1):9–17.
Botha, E., Gwin, & Purpora, C. (2015). The effectiveness of mindfulness based programs in reducing stress experienced by nurses in adult hospital settings: a systematic review of quantitative evidence protocol. JBI Database of Systematic Reviews and Implementation Reports, 13(10):21–29. Retrieved from: https://insights.ovid.com/pubmed?pmid=26571279
Crawford, C. (2019). Addition of Advanced Practice Registered Nurses to the trauma team: An integrated systematic review of literature. Journal of Trauma Nursing. 26(3):141–146,
Gillespie, G. L., Grubb, P. L., Brown, K., Boesch, M. C., & Ulrich, D. (2017). ‘Nurses eat their young:’ A novel bullying educational program for student nurses. Journal of Nursing Education and Practice, 7(7), 11–21. doi:10.5430/jnep.v7n7P11
Haddad, L.M., Toney-Butler, T.J. (2019). Nursing shortage. StatPearls [Internet]. Treasure Island (FL): StatPearls Publishing. Retrieved from: https://www.ncbi.nlm.nih.gov/books/NBK493175/
Nurse staffing crisis. (2019). Nursing World. Retrieved from: https://www.nursingworld.org/practice-policy/nurse-staffing/nurse-staffing-crisis/
Study Document
Shortages Of Health Care Providers
… going to grow more than any other industry in the country over the next six years (Haddad & Toney-Butler, 2019). But shortages, high turnover and poor distribution of health care providers persists. What are the reasons for this and what can be done to address them?
The … shortage of health care providers is the lack of readiness that providers have to make the transition from school to the real world. turnover among nurses and care providers is still too high to ensure proper nurse to patient ratios in most facilities. Is there a solution … information out fast and allowing care providers to know what is going on with a patient immediately. It is good for recording information rate and standardizing the care process.
The best part of informatics and how it can help with the shortage situation that it may or … care that can help to……
References
References
Clemmer, T. P. (1995). The role of medical informatics in telemedicine. Journal of Medical Systems, 19(1), 47-58.
Demiris, G. (2003). Integration of telemedicine in graduate medical informatics education. Journal of the American Medical Informatics Association, 10(4), 310-314.
Foster, M., & Sethares, K. (2017). Current strategies to implement informatics into the nursing curriculum: an integrative review. J Nurs Inform, 21(3).
Haddad, L. M., & Toney-Butler, T. J. (2019). Nursing shortage. In StatPearls [Internet]. StatPearls Publishing.
Hasbrouck, L. (2016). Strengthening local health department informatics capacity through advocacy, education, and workforce development. Journal of Public Health Management and Practice, 22(Suppl 6), S3.
IOM. (2010). The future of nursing. Retrieved from http://nacns.org/wp-content/uploads/2016/11/5-IOM-Report.pdf
O’Brien, J. (2003). How nurse practitioners obtained provider status: Lessons for pharmacists. American Journal of Health-System Pharmacy, 60(22), 2301-2307.
Snavely, T. M. (2016). A brief economic analysis of the looming nursing shortage in the United States. Nursing Economics, 34(2), 98-101.
Study Document
Bass Pro Management
… of the most important aspects of operating a business (Randolph Thomas & Horman, 2006). From a Workforce Management standpoint, Bass Pro Shops is rate committed to the pursuit of quality over the long term. However, there are areas for improvement, as employee complaints of cutbacks, lack of … them to ask questions until they feel comfortable standing on their own, and creates a better feeling of solidarity among workers. To decrease turnover rate and keep workers happy, focusing on implementing a true mentorship program would be a step in the right direction.
Proposed ACTIONS
The company … The more instruction and support the new hires receive, the more likely they will feel confident. This can lead to a reduction in turnover rate and an overall improved employee morale.
The company’s approach to leadership using the inspirational style may work for some employees but it is ……
References
References
Babin, B. J., & Attaway, J. S. (2000). Atmospheric affect as a tool for creating value and gaining share of customer. Journal of Business research, 49(2), 91-99.
Bass Pro Shops Employee Reviews. (2017). For manager. Retrieved from https://www.indeed.com/cmp/Bass-Pro-Shops/reviews?fjobtitle=Manager&fcountry=ALL
De Vries, M.F.K., 1998. Charisma in action: The transformational abilities of Virgin's Richard Branson and ABB's Percy Barnevik. Organizational Dynamics, 26(3), pp.7-21.
Klein, H. J., & Polin, B. (2012). Are organizations on board with best practices onboarding. The Oxford handbook of organizational socialization, 267-287.
Life at Bass Pro Shops. (2018). Careers. Retrieved from https://www.basspro.com/shop/en/careers-life
Orpen, C. (1997). The effects of formal mentoring on employee work motivation, organizational commitment and job performance. The Learning Organization, 4(2), 53-60.
Randolph Thomas, H., & Horman, M. J. (2006). Fundamental principles of workforce management. Journal of Construction Engineering and Management, 132(1), 97-104.
Study Document
Developing Organizational Practices And Policies
… via the acquisition and implementation of new technology and the need to raise the minimum wage of employees as a motivation and retention rate.
To begin with, it should be noted that technology is of great relevance in healthcare settings. As a matter of fact, Kruse and … technology could mean that less attention is apportioned to the need to raise the minimum wage of employees as a motivation and retention rate. This is despite the latter move being equally important in the light of nurse shortages being experienced across the nation.
Littlejohn, Campbell, Collins-McNeil, … words of Cherry and Jacob (2018), to a large extent, “the nursing profession continues to face shortages due to lack of potential educators, high turnover, and inequitable distribution of the workforce” (79). Amongst the reasons highlighted above, the only factor that healthcare organizations have complete or total control … reasons highlighted above, the only……
References
References
Agah, A. (Ed.). (2013). Medical Applications of Artificial Intelligence. New York, NY: CRC Press.
Barlow, J. (2016). Managing Innovation in Healthcare. Hackensack, NJ: World Scientific Publishing Company.
Cherry, B. & Jacob, S.R. (2018). Contemporary Nursing: Issues, Trends, & Management (8th ed.). St Louis, MO: Elsevier Health.
Jones, C.B. & Gates, M. (2007). The Costs and Benefits of Nurse Turnover: A Business Case for Nurse Retention. Online Journal of Issues in Nursing, 12(3).
Littlejohn, L., Campbell, J., Collins-McNeil, J. & Khayile, T. (2012). Nursing Shortage: A Comparative Analysis. International Journal of Nursing, 1(1), 22-27.
Kruse, C.S. & Beane, A. (2018). Health Information Technology Continues to Show Positive Effect on Medical Outcomes: Systematic Review. J Med Internet Res, 20(2).
Study Document
Fero Beauty Boutiques
… one item at a time.\"
Short Term and Long Term Goals
The short term goals of the company include the following:
1. To rate 15 percent returns in the first year
2. To increase clothing brands within the store in six months
3. To achieve sales targets … above include:
1. Using consumer feedback and reviews to determine consumer satisfaction and progression of the company
2. To check the monthly inventory turnover rate for clothing brands
3. To examine employee retention and turnover per year
4. Examining the number of consumers entering the store.
Environmental Analysis
PESTEL Analysis
PESTLE analysis is a marketing tool that ascertains … the security, stability, and operations of the retail store.
Economic Factors
Economic factors that will impact the company will include the economic growth rate of both the city and the nation as a whole. This significantly determines the disposable income that consumers……
References
References
Boone, L. E., & Kurtz, D. L. (2013). Contemporary marketing. Cengage learning.
Jeannet, J. P., & Hennessey, H. D. (2005). Global marketing strategies. New York: Dreamtech Press.
Menon, R. V., Sigurdsson, V., Larsen, N. M., Fagerstrøm, A., & Foxall, G. R. (2016). Consumer attention to price in social commerce: Eye-tracking patterns in retail clothing. Journal of Business Research, 69(11), 5008-5013.
Study Document
Motivation
...Turnover rate Problem with Extrinsic Motivation and How Maslow's Theory Can Help
Introduction
Tesla has been identified as a company that struggles with employee motivation under CEO Elon Musk, who has attempted to push his employees to outperform in order to meet production targets (James, 2019). Rather than using intrinsic motivation to compel employees to self-actualize and reach their fullest and maximum levels of potential, Musk uses extrinsic motivation—which only takes one so far before the trade-off between excessive labor and long hours fails to seem worth it to employees (James, 2019). As Gerhart and Fang (2015) explain, pay, benefits and bonuses are extrinsic motivators that companies use to push employees to meet targets. However, at some point employees will conduct a cost-benefit analysis of their own and determine whether the additional labor and longer hours are worth the extra benefits or bonuses. The reliance by the company upon extrinsic motivators hits……
References
References
Automotive News. (2019). Tesla burning through execs like cash. Retrieved from https://www.autonews.com/executives/tesla-burning-through-execs-cash
Gerhart, B., & Fang, M. (2015). Pay, intrinsic motivation, extrinsic motivation, performance, and creativity in the workplace: Revisiting long-held beliefs. Annual Review of Organizational Psychology and Organizational Behavior, 2, 489-521
James, G. (2019). Elon Musk Ain't All that Great at Motivating Employees. Retrieved from https://www.inc.com/geoffrey-james/elon-musk-ant-all-that-great-at-motivating-employees.html
Maslow, A. H. (1943). A theory of human motivation. Psychological Review, 50(4), 370.
Wong, C. (2018). Tesla workers say they pay the price for Elon Musk's big promises. Retrieved from https://www.theguardian.com/technology/2018/jun/13/tesla-workers-pay-price-elon-musk-failed-promises
Youssef-Morgan, C. & Noon, A. (2017). Industrial/Organizational psychology (2nd ed.). Retrieved from https://content.ashford.edu/ " target="_blank" REL="NOFOLLOW">
Study Document
Using An Epidemiological Approach To Critically Analyze A Population
Introduction
Psychosocial Factors. A feeling of workplace well- being serves as a key component of employee rate. Of late, there has been considerable focus on this element, particularly in the healthcare sector and with healthcare workers. In western countries, the ……
References
References
Cladellas, R., & Castelló, A. (2011). University Professors\\\\\\\\\\\\' Stress and Perceived State of Health in Relation to Teaching Schedules. Electronic Journal of Research in Educational Psychology, 9(23), 217–240.
Eatough, E., Way, J., & Chang, C. (2012). Understanding the link between psychosocial work stressors and work-related musculoskeletal complaints. Appl Egron, 43(3), 554-63. Retrieved from https://www.ncbi.nlm.nih.gov/pubmed/21944295
Fernandes, M., & Rocha, M. (2009). Impact of the psychosocial aspects of work on the quality of life of teachers. Brazilian Journal of Psychiatry, 31(1). Retrieved from http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1516-44462009000100005
Goetz, K., Berger, S., Gavartina, A., Zaroti, S., & Szecsenyi, J. (2015). How psychosocial factors affect wellbeing of practice assistants at work in general medical care? – a questionnaire survey. BMC Fam Pract, 16, 166. DOI: 10.1186/s12875-015-0366-y
Himmelfarb Health Sciences Library. (2019). Case-control study. Retrieved from https://himmelfarb.gwu.edu/tutorials/studydesign101/casecontrols.cfm
Jardim, J., & Pereira, A. (2016). Perceived impact of lifelong training in teachers. Interacções, 31(42), 22–31.
Karasek, R., Baker, D., Marxer, F., Ahlbom, A., & Theorell, T. (1981). Job decision latitude, job demands, and cardiovascular disease: a prospective study of Swedish men. Am J Public Health, 71(7), 694-705.
Kessler, R. C., Andrews, G., Colpe, L. J., Hiripi, E., Mroczek, D. K., Normand, S. L. T., … Zaslavsky, A. M. (2002). Short screening scales to monitor population prevalences and trends in non-specific psychological distress. Psychological Medicine, 32(6), 959–976. Retrieved from http://www.ncbi.nlm.nih.gov/pubmed/12214795
Study Document
Walmart Total Rewards Program
… have been challenged with expanding their scope, and looking at the total rewards experiences of their companies’ employees. When the links between business rate, people rate and total rewards are mapped out, it becomes apparent that getting the right workers into the right jobs requires a comprehensive total rewards … and total rewards are mapped out, it becomes apparent that getting the right workers into the right jobs requires a comprehensive total rewards rate (Kaplan, 2007). This paper will set out a total rewards program for Walmart, focused on the front line workers who work in the … job – famously having their own meteorologist – most of the company’s employees are the associates, or front line retail workers. Walmart’s business rate is to be a low cost provider of household goods, including groceries, and because of this the company needs to control costs in … and as a……
References
References
Group Dentistry Now (2019) Walmart introduces first-ever health center, which includes a comprehensive dental clinic. Group Dentistry Now. Retrieved May 7, 2020 from https://groupdentistrynow.com/dso-group-blog/walmart-introduces-first-ever-health-center-which-includes-a-comprehensive-dental-clinic/
Hiles, A. (2009) Tough times demand focus – total rewards strategy. Benefits Quarterly. Vol. 25 (4) 44-47.
Kaplan, S. (2005) Total rewards in action: Developing a total rewards strategy. Benefits & Compensation Digest. Retrieved May 7, 2020 from http://staceykaplan.com/pdf/Stacey_Kaplan_Total_Rewards.pdf
Kaplan, S. (2007) Business strategy, people strategy and total rewards. Benefits & Compensation Digest. Retrieved May 7, 2020 from http://www.staceykaplan.com/pdf/Stacey_Kaplan_Total_Rewards_And_Business_Strategy.pdf
Meyersohn, N. (2019) Walmart will recruit high school students with free SAT prep and $1 a day college tuition. CNN Business. Retrieved May 7, 2020 from https://www.cnn.com/2019/06/04/business/walmart-college-tuition-benefit-high-school-students/index.html
Rumpel, S. & Medcof, J. (2006) Total rewards: Good fit for tech workers. Research Technology Management. Retrieved May 7, 2020 from https://www.researchgate.net/profile/John_Medcof/publication/233718407_Total_Rewards_Good_Fit_for_Tech_Workers/links/5b214c87458515270fc6cfdb/Total-Rewards-Good-Fit-for-Tech-Workers.pdf
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