Studentshare
Subjects
Miscellaneous
Causes and Consequences of high Staff Turnover Levels in the Retail Industry

Causes and Consequences of high Staff Turnover Levels in the Retail Industry - Essay Example

Summary

This situation although it is often temporary, it can cause however severe damages to the organizational performance. In fact it could be stated that…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER93.5% of users find it useful

Causes and Consequences of high Staff Turnover Levels in the Retail Industry

Read Text Preview

Subject: Miscellaneous
Type: Essay
Level: Undergraduate
Pages: 40 (10000 words)
Downloads: 3
Author: bartelllyda

Extract of sample "Causes and Consequences of high Staff Turnover Levels in the Retail Industry"

Download file to see previous pages

where this phenomenon is clearer, but the fact is that the high staff turnover level has become a common problem in most organizations while the efforts made should be characterized as rather inadequate. Specifically for the retail sector, the high staff turnover level can be explained by the severe turbulences that characterize the relevant market, which can lead to a series of negative outcomes for the companies that operate in this area. In this context, high staff turnover level in the retail sector should be regarded as an expected outcome if taking into account the series of problems of the specific industry which are being represented mostly by several failures regarding the initiatives and the decisions made by the companies’ human resources department.

The particular topic has been chosen because of its importance in the operation of commercial markets internationally. More specifically, staff turnover has been found to be related with the business performance (as it will be analyzed in the sections that follow). From this view, staff turnover can also influence the performance of a whole industrial sector in case that the phenomenon is expanded to many firms of a specific sector or just to one which is considered to be the ‘indicator of stability’ in its market.

Furthermore, the particular topic has been chosen because of its importance for the employees in the various industries of modern commercial markets. The main objective of current dissertation is the examination of the factors that influence the staff turnover in the retail industry as well as the parameters that can lead to an increase of the turnover in the long term. On the other hand, the consequences of the high staff turnover in the retail industry are also being examined in order to formulate secure results regarding the appearance and the development of the relevant phenomenon in modern commercial markets.

It has to be noticed that current paper examines a variety of issues related

...Download file to see next pages Read More

Cite this document

APA
MLA
CHICAGO

(“Causes and Consequences of high Staff Turnover Levels in the Retail Essay”, n.d.)
Causes and Consequences of high Staff Turnover Levels in the Retail Essay. Retrieved from https://studentshare.org/miscellaneous/1539354-causes-and-consequences-of-high-staff-turnover-levels-in-the-retail-industry

(Causes and Consequences of High Staff Turnover Levels in the Retail Essay)
Causes and Consequences of High Staff Turnover Levels in the Retail Essay. https://studentshare.org/miscellaneous/1539354-causes-and-consequences-of-high-staff-turnover-levels-in-the-retail-industry.

“Causes and Consequences of High Staff Turnover Levels in the Retail Essay”, n.d. https://studentshare.org/miscellaneous/1539354-causes-and-consequences-of-high-staff-turnover-levels-in-the-retail-industry.

Cited: 0 times

CHECK THESE SAMPLES OF Causes and Consequences of high Staff Turnover Levels in the Retail Industry

Case study 'THE CALL CENTRE AT TENGO LTD'

Under new structure, entire staff of customer centre was categorized into levels; Level 1 constituted entry-level positions dealing with customer complaints.... Tengo has its head office in UK with staff of almost 500 people conducting entire operations including primary and support activities.... For the purpose, staff rationalization and restructuring was conducted.... It has two main focused products that include low cost laptops for students and high- spec laptops for businesses....

9 Pages (2250 words) Essay

Development Attraction and Retainment of Employees

DEVELOPMENT, ATTRACTION AND RETAINMENT OF EMPLOYEES Institution Professor Date Challenges that Organizations Face When not Focusing Their Resources on Developing, Attracting and Retaining Employees Developing, attracting and retaining talent still remains a challenge that many organizations are facing; they still have so much uncertainty on how they are going to handle the current economy and at the same time the staff (Sylvia 2013).... The similar attitude of the high management and the human resources department quickly spreads across all the other departments and employee pecking orders; it affects the work ethics, causes personality conflicts and systematically eliminates team work (Sylvia 2013)....

7 Pages (1750 words) Essay

Strategies Adopted by Domestic or Foreign Firms for Reducing Staff Turnover

This report talks that the gradual increase in the staff turnover has emerged as a serious problem and a major barrier to the sustainable growth of both the domestic and the foreign companies operating in China.... hellip; In this essay, the key area of study have been concentrated on the identification of the strategies adopted by the domestic as well as the foreign firms in China for reducing their staff turnover rates and subsequently, assessing the measurable effectiveness of those strategies in the current scenario of the economy....

12 Pages (3000 words) Essay

Information Technology Service Yakka Tech Pty Ltd

The company has also been facing the problem of employee turnover.... A similar issue was raised in Cadbury's where the turnover rates remained high because of unfavorable conditions and malpractices in the areas of human resource management.... High turnover rates result in significant costs to the company in the form of recruitment, training and productivity loss (Reichheld & Teal, 2001, p.... This is a critical human resource issue which requires careful understanding of the causes why the employees have been leaving the organization....

8 Pages (2000 words) Essay

Leadership Models in the Companys Brisbane Branch

As noted by Jackson, Schuler and Werner (2011), poor levels of job satisfaction and absence of fair opportunities in the workplace can promote a sense of... Hence, the purpose of this report is to explore the circumstances surrounding the resignation of the four line managers to better understand the application of the leading and organizing function of management in the firm and present appropriate recommendations for addressing the present issue successfully thereby, reducing turnover rates in the future....

6 Pages (1500 words) Essay

Decision Making Process

The project chooses to hire a new operations head in order to provide training and It is believed that external head shall also provide required motivation and energy to the staff members.... It was also seen that operations staff shared happy times with other staff of the bank as well as the branch manager.... The problem is more acute because most of the staff has been trained by less experienced members and the department majorly lacks in terms of knowledge pertaining to functioning of the banking process....

8 Pages (2000 words) Essay

Employee Retention

This assignment "Employee Retention" discusses the causes and consequences of employee turnover and strategies that can be used to improve employee retention.... nbsp;… In order to attend turnover issues the manager of a company must implement different strategies to increase employee retention.... The importance of keeping a low turnover is that employee turnover raises costs and reduces productivity.... Employee turnover is categorized into different types or causes to be able to determine the root of the problem....

6 Pages (1500 words) Assignment

Challenges in Compensation and Benefits Strategy of a Fictitious Business

nbsp;… Similarly to address the problem of employee turnover, once we have revamped the HR policy manual, we will then look at the reasons that employees are leaving the firm.... his paper will deal with the problems of turnover and employee retention failure that was created by bad HR management practices previously, as a result of which HR policies and compensation and benefits programs had to be corrected....

15 Pages (3750 words) Research Paper