StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Survey of Human Resource Management db 3 - Essay Example

Cite this document
Summary
Organizations face problems of retaining employees as a result of high employee turnover since it is very expensive to replace talents every time they leave for other organizations. This is because the organization has to recruit, select, orient and train new employees which can…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.4% of users find it useful
Survey of Human Resource Management db 3
Read Text Preview

Extract of sample "Survey of Human Resource Management db 3"

Career Planning that an Organization Can Use to Retain Highly Talented Staff Introduction Organizations face problems of retaining employees as a result of high employee turnover since it is very expensive to replace talents every time they leave for other organizations. This is because the organization has to recruit, select, orient and train new employees which can have a demoralizing effect on an organizational efficiency. As stated by William et al (2005), the costs of recruiting and training new employees in an organization is approximately twice the cost of vacated position.

Career planning that empowers employees to work towards building their own goals while doing productive work for their employer is therefore very important. The following discussion focuses on employee retention and how organizations can enhance upward mobility.Career Planning Necessary to Retain Highly Talented StaffOrganizations should be able to provide a well defined career path for all positions in their organizations. As stated by Shore (2013), organizations can increase their percentage of employee retention by helping their employees envision credible rewards such as salary increment, promotion, performance rewards, and bonuses.

This should be available for the junior staff, supervisors, line managers and the top management of an organization. It is important to note that the line managers and top management are the most often affected and may be at risk of leaving because they may feel that their careers have stalled at the present organizations. Well defined career paths can be provided through effective performance management practices where you talk to your employees about their goals and aspirations. Employees inputs serves as a point of departure upon which human resource managers can brainstorm ways to structure job descriptions not only to accommodate employees’ goals and aspirations but also to advance them in a well structured career path.

In this regard, attention should be given to alternative career paths that define a more personal employee aspiration since most career paths do not reflect employees’ personal goals. This is not only important in fostering career retention but also important in creating a work environment which promote growth and development (Chhabra & Mishra, 2008). The second strategy for enhancing upward mobility and promoting retention is by fostering skill building through education assistance and cross-training for all employees.

Cross training is an important strategy since it helps employees acquire new skills, stay motivated and become more interested in their job. Employees often value opportunities that are available to them in order to gain exposure to projects and roles that are not necessarily part of their current roles and job descriptions. Research has also shown that cross-training results into more versatile employees (Shore, 2013). This is important since all employees would gain an understanding of how their individual responsibilities are important in making a successful and profitable business.

Education assistance through paid study leaves and payment for part of training is also important for helping employees to gain external training necessary for their individual developmental skills.A comprehensive mentoring and evaluation of the implemented programs should be implemented to ensure that the implemented programs are effective. Through mentorship programs, highly talented graduates are guided through to build on their core strengths in order to achieve high processional goals while meeting the needs of an organization (Kandula, 2006).

Through mentorship programs, mentors from different departments in an organization identify, recruit and focus on highly talented employees. Many multinational organizations such as, Barclays bank, Price waterhouse Coopers (PwC), Deloitte, Unilever, Nestle, Proctor and Gamble and Coca cola run a number of graduate mentoring programs in which highly talented graduates are recruited through their graduate management programs. However, mentorship should be accompanied by right compensation and benefits.

HR managers should periodically review compensation and benefits for their employees to ensure that they are offering wages and benefits that are competitive. Through the implementation of these strategies, an organization would not only promote upward mobility but also attract and retain highly talented professionals.ReferencesChhabra, N., & Mishra, A. (2008). Talent Management and Employer Branding: Retention Battle Strategies. ICFAI Journal of Management Research, 7(11), 50-61.Kandula, S.R. (2006).

Human Resource Management and Organization Development: Practitioner Readings. Hyderabad: ICFAI University Press.Shore, B. (2013). Improving Employee Retention in a South Korean High Growth Organization: Do Western Strategies Apply?. Journal of Global Business Issues, 7(2), 1-8.William, R., Wei, WA. & Tiffani, PD. (2005). Career Planning and Succession Management: Developing Your Organizations Talent for Today and Tomorrow. Westport: Praeger Publishers

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Survey of Human Resource Management db 3 Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1649585-survey-of-human-resource-management-db-3
(Survey of Human Resource Management Db 3 Essay Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/miscellaneous/1649585-survey-of-human-resource-management-db-3.
“Survey of Human Resource Management Db 3 Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1649585-survey-of-human-resource-management-db-3.
  • Cited: 0 times

CHECK THESE SAMPLES OF Survey of Human Resource Management db 3

Effectiveness of Traditional and D&B Procurement Methods

Some continue to comply with the traditional system whereas there are others who have already employed fast-tracking systems such as the build-operate transfer, turnkey, management contracting, cost-plus contracting and design and build (Masterman 2002).... Evaluating the Traditional and Design-and-Build Procurement Methods in the Irish Construction Industry: An Empirical Enquiry Acknowledgements Abstract The current research aims to determine the evaluations of effectiveness of traditional and D&B procurement methods....
39 Pages (9750 words) Dissertation

The Impact of Training and Development of an Organization during the Times of Economic Fluctuation

THE IMPACT OF TRAINING AND DEVELOPMENT OF AN ORGANIZATION DURING THE TIMES OF ECONOMIC FLUCTUATION Name: Institution: THE IMPACT OF TRAINING AND DEVELOPMENT OF AN ORGANIZATION DURING THE TIMES OF ECONOMIC FLUCTUATION By now, it is common knowledge that the global economy often fluctuates.... hellip; The most worrying aspect of the fluctuation is that it is unpredictable and can bring about either a slump or an increase to the economy....
4 Pages (1000 words) Literature review

Human Resource Management

Employee Engagement Among some of the human resource management principles or challenges like performance management, HR planning, Employee Relations, Reward management, Employee health and well being and employee engagement, employee engagement proves to be the backbone of higher productivity.... hellip; Entire work force in a company has to be emotionally involved and focused towards organization's goals and mission, apart from their physical presence, and HRM principle of employment management can do it....
5 Pages (1250 words) Essay

Organizational culture

In such a situation the greatest threat to business is the failure to change.... To manage change requires a leader to steer the company through the crisis or… Change in an organization can be brought about for different reasons.... Business leaders are faced with the change in culture due to globalization and cross-cultural people working in the same organization. Leadership has been defined as “natural and learned ability, skill Thus effective leadership requires accomplishment and influencing....
4 Pages (1000 words) Essay

Managing Human Resources - Jinnikins Jeans Approach

In any case, the importance of human resource management (HRM) for the development of business activities cannot be denied; in fact, HR can help a firm to improve its position in its industry; in order for this target to be achieved it is necessary that the knowledge available in all organizational departments is appropriately evaluated and processed (Lawler et al.... On the other hand, the cost involved in the development of various HR policies could be a reason for the limitation of relevant business initiatives; the specific issue is highlighted in the study of Haines (1997) where it is noticed that most firms worldwide ‘view their human resources as an expense rather than an asset -- an element that is expendable and perhaps discarded when the skills possessed becomes obsolete' (Haines, 1997, 95)....
6 Pages (1500 words) Essay

HPWP Practices and HRM Policies of HR Planning

The paper describes the role of the human resource department.... A general approach used for human resource planning consists of four stages including forecasting future demand for human resources, forecasting future internal supply of human resources, forecasting future external supply of human resources and formulating responses to the forecasts.... Nowadays, organizations are using different dynamic approaches to human resource planning to improve their internal organizational branding....
9 Pages (2250 words) Research Paper

Strategy to Senior Management of ABN Company

The paper "Strategy to Senior management of ABN Company" states that the strategic proposal that is presented is based on intensive surveys conducted by both in-house and external agencies and depends upon data collected from consumers and distributors alike.... hellip; Once the equipment is purchased, ABN can transfer some of the personnel from its Drug division to take over the production, quality control, and management of the new product....
10 Pages (2500 words) Case Study

Techniques Used to Judge the Desirability of the Level of Services

The technique is used in land conservation, watershed management, forest management, grazing, and tourism.... The technique is used in land conservation, watershed management, forest management, grazing, and tourism.... In this paper “Techniques Used to Judge the Desirability of the Level of Services,” the author will examine the various techniques that are used by politicians and decision-makers to provide desirable services, as well as, the economic value and cost-benefit analysis....
10 Pages (2500 words) Dissertation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us