Human Resource Leadership - Worker Retention Programs Essay -- essays

Human Resources Leadership (Team 4)Worker Retentions ProgramWaiwah EllisonNorma GladhillDaniel LewisRachel LuceAngelica PlayerLori RuskeyAbstractAll organizations want to see an join on in productivity and a positive impact on the bottom line. Successful organizations realize employee retention and talent management is integral to sustaining their leadership and produce in the market place. The focus of this group project is on worker retention strategies. Worker retention strategies are programs designed to preserve existing bore workers by providing benefits and incentives. These benefits and incentives are provided to employees in various ways. Our group chose to explore six organizations in three different industries. These industries include Retail, Package shipping, and Airlines. Through research and investigating of three major industries we were able to develop a comparison of how these major organizations retain quality workers. First, we explore and learn how to keep p eople motivate to fit turnover within an organization. Secondly, we investigate employers benefits and incentive programs to keep quality employees. Finally, we examine workforce motivation and the engagement to load as organizations continually smorgasbord initiatives and strategic planning.TARGET VS. WALMART head and Wal-Mart have many similarities on their retention programs. Despite the difference in the size of their companies, they are both large abundant to allow their employees to switch career paths within their own organization. Wal-Mart offers its employees different opportunities in many diverse department of the huge operation. They are retail, real estate, public policy, merchandising, logistics, IT, marketing, and advertising. Target offers similar areas of careers within the organization. Many other motivation tools are used for both Target and Wal-Mart to keep their employees happily employed. Merit add-ons in pay found on company performance are used almost th e exact same way in both companies. They both have annual increase that depends on individual performance and company performance. Target gives its employees 25 cents per hour raise after 90 days in order to keep rude(a) employees. Holiday bonuses are offered to all Wal-Mart employees who have been with the company over one year. Gifts and ... ...e hire only those who fit perfectly, offer great benefits, and perks. SWA has created an atmosphere that demonstrates appreciation for the employees, and has do Southwest Airlines an organization of which people are proud to be a part.ConclusionEmployee retention strategies help organizations. They provide effective employee communication to improve commitment and enhance workforce support for key organization initiatives. Retention strategies build customer loyalty by distinguishing and positioning an organizations unique products and function in todays crowded marketplace.Economic growth and employee turnover is one of the most critic al issue facing corporate leaders today. As a result there is a shortage of skilled workers. We have explored several aspects of the workforce stability. The employee retention issue continues in the face of unprecedented riled in the employment market. Human Resource Managers are provided with a wide range of tools to control employee turnover. Workforce stability can be a HR Managers competitive advantage in these turbulent times. This is one of the hottest topics for corporate leaders in all fields in the United States and globally.