THE CAUSES OF EMPLOYEE TURNOVER

The Causes of Employee Turnover in Private Company

The Causes of Employee Turnover in Private Company

Introduction

The human resources department within a company is going through many changes and faces increasing challenges. In order to stay competitive in today's marketplace, companies will need to keep pace with the times and promote change in order to maintain a competitive edge. Employee turnover can severely hamper a company and result in loss of income due to the resulting losses in production and services. These losses occur due to training costs and lower production of an employee who does not yet have the proper skills and talent needed to be fully productive. Finally, this paper will discuss the future trends and challenges of HR. More companies are outsourcing this function and turning it over to businesses that specialize in this increasingly demanding role. This means that HR professionals will need to be more productive and will have to have the skills and experience to meet the challenges of a global market.(Stack,2006)

Discussion

One of the problems facing the industry today is employee turnover. With unemployment rates reaching the lowest levels in recent history, recruitment and hiring employees is one of the biggest challenges facing the industry? Intelligent owners and management companies are constantly recruiting to insure that when a staff position becomes open they have a list of qualified potential candidates to fill the slots. By using a clearly defined hiring plan, one can insure that their properties are staffed with motivated and competent employees.(Allen,1999)

It is well known that better hiring practices reduce turnover as well as potential lawsuits by disgruntled employees. The most effective recruiting comes from happy, successful employees whose positive attitudes about the company and the property lure others to join them. Happy, successful employees offer better tenant and vendor relations that naturally lead to tenant retention and lower operating costsTo work efficiently, the Workplace Health and Safety Act requires cooperation from both employers and employees to ensure that the workplace is a healthy and safe environment. Both the employees and employers are required to abide by the rules and regulations from the act, which are set for them. The Act states requirements for employers and are quite clear; they are to effectively ensure the workplace health and safety of each of the employer's workers (employees) in the conduct of the employer's business or undertaking. The employer also has an obligation to ensure the employer's own workplace health and safety in the conduct of the employer's business or undertaking. The employer has an obligation to ensure other persons are not exposed to risks to their health and safety arising out of the conduct of the employer's business or undertaking. Essentially, Employers are required to:

Provide a safe and healthy workplace

Provide and maintain a safe system of work

Provide the safe use of handling, storage and transport with necessary resources (safety clothing & equipment)

Provide a procedure to identify, assess and eradicate unsafe risks and hazards

Provide information and training for employees to work in ...