Human resource management
XYZ company is located in a small town with several other labor intensive companies. The company constantly competes for labor, often operating with less than a full complement of personnel. Recently, the company is facing a challenge with employee turnover. Statistics show that almost 50 percent of terminations are employees in the first year of their employment, a number that is more than 10 percent higher than the national average. The company system estimated that terminations cost as much as $2.2 million annually, and that reducing terminations could have significant impact on its bottom line.
Questions:
If you were the HR manager, how would you tackle the situation?
What modifications would you suggest in the HR practices of the company?