Management and Organizational Studies 4485F/G Lecture Notes - Lecture 7: Ophanim, Hne, Specific Performance
2 Nov 2016
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Document Summary
Retention rate among employees are related to retention rate among customers. Voluntary turnover: turnover initiated by employees (often those whom the company would prefer to keep. Involuntary turnover: turnover initiated by the organization. (often among people who would prefer to stay) Curvilinear relationship between past performance and future turnover. To keep top talent, raise salary is a common way, but offering lavish benefits is getting more popular. 2: allow the company to compare itself with others in the same industry along these dimensions. Exit interviews with departing workers can be a valuable tool for uncovering systematic concerns that are driving retention problems. Engage in a battle for every valued employee, even in situations when it looks like the battle may have been lost. An administrative duty performed by managers and was primarily the responsibility of the. Viewed as the primary means for managing employee performance. If done correctly, performance appraisals can provide valuable benefits to both employees and the company.
