Turnover rate and Retention

Formal Report of Employee Turnover Rates and Retention

M-1Global, Inc.

Prepared for:

Upper and Middle Management, All Departments and Employees

Prepared by:

Greg Dingas/Human Resource Assistant

M-1 Global, Inc.

August 24, 2014

MEMO

TO: Ann Bell, Human Resource Manager

FROM: Gregory Dingas, Human Resource Assistant

SUBJECT: Report on Employee Turnover Rates and Retention

DATE: August 24, 2014

As you requested, I have examined and researched employee turnover rates and retention at M-1Global, Inc. The purpose of this report is to make recommendations to management within the organization to hire and retain good employees in order to combat the high employee turnover rate.

In order to provide quality information and feedback for this report we will look at the differences between retention and turnover, why employees stay, reasons why they leave, and what can be done to save them. We will also examine some external factors that will make employee retention and turnover reduction highest priorities for human resource professionals.

English: Rise and Fall in Recruitment and Retentio...

JPA 9 Quadrant of Potential and Interest for Caree...

A few issues of SHRM's monthly publication HR Maga...

Also, we will examine and discuss the five factors that have a proven positive impact on retention and they should be taken into consideration when developing an employee retention program.

I enjoyed working on this report due to the potential impact that can be made towards the retention and turnover rates at M-1Global, Inc. Please call me if you would like additional details about the report.

Table of Contents

EXECUTIVE SUMMARY……………………………………………………………….. 5

INTRODUCTION………………………………………………………………................. 6

Project Description………………………………………………… ……………... 6

Scope of Study…………………………………………………………………….. 6

Report Purpose…………………………………………………………………….. 6

DISCUSSION…………………..…………………………………………………………. 7

CONCLUSION……….…………………………………………………………………… 13

RECOMMENDATION…………………………………………………………………….13

REFERENCES……………………………………………………………………………..14

Illustrations

Table 1……………...………………………………………………………………............11

Executive Summary

With quit rates the lowest they've been in decades, HR professionals might gain a false sense of confidence that retention programs are right on target. Experts warn, however, that employees' "loyalty" may be driven more...