Managing Retention Case Study Example | Topics and Well Written Essays - 750 words

Managing Retention - Case Study ExampleSynopsis The secondary data available from the focus aggroup study and survey questionnaires reveals that the major ca enjoyment of employees leaving Irontown is stress experienced by the employees, whereas unfulfilled expectation of the employees from their designated tasks appears to be the second major cause of towering employee turnover. Other reasons of high employee turnover at the Irontown are lack of efficiency in providing a solution to the customers problems, dissatisfaction from the salary and benefits package and finding another job opportunity. From the problems mentioned above, Irontown has been successful in identifying the resultant problems such as the inconsistency of readiness modules and lack of workforce to carry out the operations of the Irontown. Retention Plan sideline are the suggestions that will help Irontown to overcome its human resource issues, particularly the high employee turnover rate. 1. Training and Devel opment A good entrepreneur or manager is one who takes special care of his or her employees growth plans. This practice helps the employer to gain employees loyalty. ... The first one is aimed at polishing the skills and customer handling abilities of the vernal recruits and teaches them about the customers preferences and behavioral trends. This information can be fetched from the CM software of the company which would give an insight into the customers buying trends and the most frequently asked questions. The next training program is for organizational development which should be offered to all the employees, regardless of how much time these employees have spent at Irontown. Again, the CRM software and the information retrieved from there would be helpful in determining customers preferences and bringing changes in the promotional pitch that customer care representatives use while talking to a customer (Russo, 2000). The use of these two training modules would help Irontown to improve the usage of CM software, on which the company has already invested a significant amount. Moreover, the issue of inefficiency in customer descent management would also be resolved by training employees. 2. Revisiting Salary and Compensation Packages Irontown is aware to revisit its salary and compensation packages offered to the employees. By doing this, the company would be able to analyze the salary offered at Irontown against the industry standards. If the salary packages at Irontown are not up to the expectations of employees, than Irontown should raise salaries by increasing the amount of perks presumptuousness to the employees in addition to the basic salary. In this manner, employees financial requirements would be fulfilled and they will gain inner satisfaction from their jobs (Russo, 2000). 3. Rotation Policy Irontown is also advised to introduce a shift rotation policy. This policy would provide every trainee and employer of the company