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Problems in managing retention and employee absenteeism by HR Managers - Essay Example
Finance & Accounting
Pages 8 (2008 words)
Employee attritions and absenteeism at the workplace are some of the glaring problems affecting businesses today. Turnovers can affect the overall productivity of firms and can be the root cause of other difficult problems too. …
One man leaving the organization can generate insecurity and anxiety at the workplace and can leave behind a situation of low morality, apprehensions and anxiety. It accounts for one of the largest costs that employers need to bear today. Besides losing out on a crucial talent which is valued in the organization, the organization is also likely to suffer from the loss of business reputation and image in the market. This could not only act a catalyst in losing out on the potential talents in the industry but the firm can also appear as an unattractive employer to work with. The spoil of reputation and image can prove to be extremely damaging for the business’s performance and productivity in the market. Employers have been seen to be increasing awareness about the problem. They have been redesigning their policies and practices required for laying the foundation of a productive and satisfied workplace. However, before implementing strategies, a complete and thorough analysis of the potential causes and reasons for turnover must be analyzed. The project seeks to identify the concerns facing HR managers in organizations in trying to retention employees and reduce absenteeism at the workplace. On the grounds of potential concerns for the employer, the project seeks to devise strategies for addressing these problems.
Problems in managing retention and employee absenteeism by HR Managers
Organizations make a lot of investments on employees in the form of induction and training programs, developmental programs, maintenance and retention programs in the organization. ...