Increased Turnover at SMR
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This paper addresses and analyzes the issue of employee retention in a company. Additionally, it proposes a plan to retain employees based on a comprehensive, progressive compensation and benefits program.
From the Paper:"Employee retention could become a serious problem for SMC due to the shrinking local labor market. Employee turnover is high in part because our compensation program treats hourly employees as liabilities rather than as productive assets. As a company we have in the past focused on minimizing the hourly cost per employee, but we have failed to capture the real costs as well as the opportunity costs associated with high turnover. These include high training costs as well as manufacturing inefficiencies and quality..."
Cite this Analytical Essay:
Increased Turnover at SMR (2008, December 01) Retrieved December 02, 2022, from https://www.academon.com/analytical-essay/increased-turnover-at-smr-122313/
"Increased Turnover at SMR" 01 December 2008. Web. 02 December. 2022. <https://www.academon.com/analytical-essay/increased-turnover-at-smr-122313/>