Employee Retention Is Usually Defined Essay

One of her studies showed that performance did not differ significantly whether the amount to be earned as an incentive was three percent or 100% of total pay. As her work seems to indicate, any incentive plan, regardless of its structure, is better than none at all. Three suggestions: consider non-cash incentives to offer on top of competitive compensation; customized individual incentives are more effective than group incentives; and make sure that every employee's day-to-day manager or supervisor is positive. Remember, employees leave supervisors more often than they leave companies. American vs. European

American workers, on average, have less job security than European workers. When faced

with a need to reduce their workforce, U.S. companies typically resort to layoffs much more than do their European counterparts. European companies rely more on alternatives to layoff, including work sharing and attrition as employee retention programs.

A recent study in the UK revealed similar results to the Dickinson research. That is that it cast doubt, though did not disprove arguments,...

...

In other words, it's those non-cash incentives and programs, and meeting that hierarchy of needs that actually increase employee satisfaction and retention.
Bibliography

Cyprus, S. (n.d.). What are the Best Employee Retention Practices? Retrieved May 4, 2009, from Wisegeek.com: http://www.wisegeek.com/what-are-the-best-employee-retention-practices.htm

Dickinson, A. (2001). Individual Monetary Incentives: A Review of Different Types of Arrangements Between Performance and Pay. Journal of Organizational Behavior Management, Vol. 21, No. 3.

Employee Retention. (n.d.). Retrieved May 3, 2009, from Spectracomm.com: http://spectracomm.com/Article06.htm

Heathfield, S. (n.d.). The Bottom Line for Employee Retention. Retrieved May 4, 2009, from About.com: http://humanresources.about.com/od/retention/a/manager_role.htm

McKeown, J.L. (2002). Retaining Top Employees. Retrieved May 4, 2009, from Google Books: http://books.google.com/books?id=rUtbpw2vn4UC&printsec=frontcover

Sources Used in Documents:

Bibliography

Cyprus, S. (n.d.). What are the Best Employee Retention Practices? Retrieved May 4, 2009, from Wisegeek.com: http://www.wisegeek.com/what-are-the-best-employee-retention-practices.htm

Dickinson, A. (2001). Individual Monetary Incentives: A Review of Different Types of Arrangements Between Performance and Pay. Journal of Organizational Behavior Management, Vol. 21, No. 3.

Employee Retention. (n.d.). Retrieved May 3, 2009, from Spectracomm.com: http://spectracomm.com/Article06.htm

Heathfield, S. (n.d.). The Bottom Line for Employee Retention. Retrieved May 4, 2009, from About.com: http://humanresources.about.com/od/retention/a/manager_role.htm
McKeown, J.L. (2002). Retaining Top Employees. Retrieved May 4, 2009, from Google Books: http://books.google.com/books?id=rUtbpw2vn4UC&printsec=frontcover


Cite this Document:

"Employee Retention Is Usually Defined" (2009, May 04) Retrieved April 20, 2024, from
https://www.paperdue.com/essay/employee-retention-is-usually-defined-22209

"Employee Retention Is Usually Defined" 04 May 2009. Web.20 April. 2024. <
https://www.paperdue.com/essay/employee-retention-is-usually-defined-22209>

"Employee Retention Is Usually Defined", 04 May 2009, Accessed.20 April. 2024,
https://www.paperdue.com/essay/employee-retention-is-usually-defined-22209

Related Documents

Employee Relations Develop a strategy specific to your organization for integrating job performance and training. Job performance is an integral aspect within the health care services industry's overall. For one, it holds both associates and management accountable for their respective actions. This accountable provides a means of deterring any subpar performance on the part of employees who might otherwise be a detriment to the overall operations of the firm. By linking job

Employee Privacy Torts
PAGES 25 WORDS 8246

Employee Privacy Torts History of Employee Privacy Changing Trends of Employee Privacy Impact of Innovative Technology on Employee Privacy Role of Social Media towards Employee Privacy Impact of Changing Community/Society on Employee Privacy Adaptation to the new Environment pertaining to Employee Privacy Employee Monitoring and Surveillance Laws and Employer Policies for Text Messaging and Social Media Electronic Communication Privacy Act Monitoring of Employee Conversations over Telephone & Email Recommendations for creating Effective Policies Future Implications of Employee Privacy As years have passed and

Employee Satisfaction And Productivity employee satisfaction and productivity ASTRACT Employee satisfaction directly links to organizational excellence and/or productivity. Maybe… Maybe not… Researchers regularly debate exactly what components contributing to employee satisfaction and the company's and/or organization's productivity. Similarly, employers and employees do not typically agree on the reason/s an employee stays committed to a company or what factors contribute to an employee's satisfaction with the company. During the mixed-method case study, the researcher focuses

Another example of a company thinking in advance of a possible skills gap is Southwest Airlines. This offers internships to elected students who are provided on-the-job training. Thus, if the company finds itself at a loss in terms of skills, it can anytime resort to the fresh new trainees (http://www.southwest.com/careers/interns/intern.html). 5. Employee Relations Program An employee relation program should be made up of several major components like: rules that must be obeyed

Motivation of workers is posing very big challenges to organizations. Herzberg ensures that an organization rewards its employees depending on the behaviors that the management would like to encourage.One of the widely known writers on motivation of workers is Frederick Herzberg. He is widely known for the two-factor theory that he came up with. The two factor theory is widely referred to as the hygiene motivation theory. As stated above,

Employee Motivation in a Pcba
PAGES 64 WORDS 17554

Indeed, effective problem solving in these circumstances often requires high levels of creative collaboration (Richards, 2007a, p. 34). In recognition of this reality, employers consistently name the ability to work together creatively as a primary and crucial skill -- even though many organizations have created cultures that undercut individual and collective creativity. In order to solve this problem there is a need of a comprehensive review of the facility management