Employee Turnover Rate in Business Corporations

Introduction 

Employee turnover is one of the major problems business organizations have to grapple with in order to create strong business capacities that can enable them to survive in business environments characterized by stiff competition and be able to attain its bottom line.  Sayre, (2001) defines employee turnover as the number of employees who leave a business entity for any particular reason and the organization seeks to employ new workers to replace them.  Measuring employee turnover is very important for an organization because it makes it possible for an organization to understand why its employees are leaving their place of work and the costs that are involved making it possible for the management team to come up with remedial strategic measures that can be used to reduce its rate.  

Don't use plagiarized sources. Get Your Custom Essay on
Employee Turnover Rate in Business Corporations
Just from $13/Page
Order Essay

The Qualitative Research Proposal has done an in-depth discussion on the issue of employee turnover and the reasons why an organization may find itself having a high turnover rate of employees.  The proposal starts by stating the grim statistics that show more than 60% of employees working in the formal sector will not have any misgivings to change their employers if they think that the new job offer gives them better value for their labor and that they will get better job satisfaction at their new employment (Morgan, 1997).  This shows that employees’ turnover rate is bound to increase. For this reason, it is important for business organizations need to come up with measures aimed at curbing this high rate.  

To be able to attain low employee turnover rate, the proposal talks about the importance of understanding the root cause of the issue.  There is a misconception among many employers that the main reason why employees leave their place is work is if they think they are not being paid competitively.  Even though this is one of the reasons, it is not the major one.  Employees’ perceptions of how they are valued by the organization they work for and their overall job satisfaction have more weight than their salaries as well as their job location.  This shows that employers need to have a deeper understanding of employees’ turnover in order to be able to come up with strategies that can help lower it (Morgan, 1997).  

One method that can be implemented to help attain this goal is through creating a good and conducive working environment where each employee can be happy to work to the best of their abilities.  The employer can also come up with employee empowerment programs that can help motivate employees to work hard and be motivated to perform their duties.  Sayre, (2001) states that employee empowerment is one of the strongest indicators that shows employees are valued by their employees.  When employees are empowered, they are able to apply their knowledge and skills at their workplace and this is what brings about employee satisfaction.  

   A critical analysis of the Qualitative Research Proposal shows the type of sources that will be used in this research.  The researcher will use good sources that can be relied to provide good and reliable information and data.  The sampling and data collection tools will also ensure that the research paper is done according to the set laws and regulations of data sampling.  The conceptual framework will use the Porter’s Five Force.  This tool has been reliable in analyzing different business questions and in this case, it will enable the research to come up with a good research on employee turnover rate and what business organizations can do to ensure  curtail this issue.   

Conclusion 

In conclusion, the research proposal has touched on all the major areas of employee turnover within an organization. It is also important to ensure that employee turnover is tackled as it one of the major issues that can lead an organization into not attaining its bottom line.  

References

ChangingMinds.org. (n.d.). Probing questions. Retrieved from

http://changingminds.org/techniques/questioning/probing_questions.htm

ChangingMinds.org. (n.d.). Open questions. Retrieved from

http://www.changingminds.org/techniques/questioning/open_questions.htm

Morgan, D. L. (1997). Focus groups as qualitative research: Planning and research design for

focus groups [PDF]. Retrieved from https://study.sagepub.com/sites/default/files/Morgan.pdf

Sayre, S. (2001). Analyzing verbal data. In Qualitative methods for marketplace research.

Thousand Oaks, CA: Sage.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code LEMONADE