Benefits Of Employee Satisfaction And Retention - 1876 Words

Employee Satisfaction and Retention Maintaining employee satisfaction is an important part of running a successful organization in today’s fast paced economy. Satisfied employees bring innovative ideas spurring growth for companies. Without a content and motivated workforce companies face stagnation and are at risk of being out-performed by their competitors. In the modern workplace employers must invest in more than just salary to ensure employee satisfaction and retention, studies show that employees are looking for positions in companies that provide family benefits, job enrichment programs and workplace flexibility. Many companies are finding that family benefits are an important factor in employee satisfaction and retention. This trend did not go unnoticed by the mail order and steaming movie company Netflix. Netflix recently announced changes to their benefits packages as a result of this trend. The changes to Netflix’s benefits package now allow employees to take up to a year of paid parental leave while maintaining full benefits. According to Netflix’s Chief Talent Officer Tawni Cranz, â€Å"Netflix’s continued success hinges on us competing for and keeping the most talented individuals in their field. Experience shows people perform better at work when they’re not worrying about home†. (as cited in Miller, Netflix s Year-Long Paid Paretnal Leave Sets New Bar, 2015). As new employees join the workforce they are looking for positions in organizations that provideShow MoreRelatedCompensation and Benefits1475 Words   |  6 PagesCompensation and Benefi ts Lisa Epps BUS303 Human Resources Due Date Ashford University There are many people that would choose their life career around the benefits and compensation they may receive. Compensation is known as human resources function that deals with every type of rewards that one may receive in return for performing organizational tasks.()1 Do to these rewards such as compensations; turn-over can be affected in the workforce. If an employee did not feel they valued at theRead MoreMarriott Hotels And The Service Profit Chain1422 Words   |  6 Pagesservice profit chain. The service profit chain identifies the relationship between productivity, employee satisfaction, loyalty, customer loyalty and profitability. (Heskett, Jones, Loveman, Schlesinger, Sasser, 2008). Marriott Hotels is an excellent example of a brand that effectively uses the service profit chain to maximize their organizations brand value, retain loyal customers, increase employee engagement and increase their profit. Marriott Hotels use a combination of strategies to furtherRead MoreImproving Organization Retention Paper1446 Words   |  6 Pagesorganization retention In the past few years the state of Pennsylvania has made an effort to boot their economy by allowing gambling. One of the casinos that have made an impact is JC’s Casino and Resort. This establishment is state of the art in all aspects. It follows all state and federal laws, including being an equal opportunity employer, excellent wage rates, benefits, and has a great reputation for career advancement. However, over the past several months JC’s has had issues with employee retentionRead MoreMotivation And Retention At It Organization Analysis1188 Words   |  5 PagesMotivation Retention in IT Organization Analysis There are two types of turnover, voluntary turnover happens when the employee makes the decision to leave and involuntary turnover is when employees has no choice in their termination (Schmitz, 2012). Every month or sooner managers experience some of their exceedingly qualified employees leave the company. After realizing that their company is becoming less profitable is when they begin to wonder why and brainstorm on ways to retain them. In InformationRead MoreAttrition Analysis – Indian Organized Retail Sector1683 Words   |  7 PagesATTRITION ANALYSIS – INDIAN ORGANIZED RETAIL SECTOR Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time and it benefits the organization as well as the employee. There seems to be a high level of attrition in the retail sector which is almost 40% according to a recent study especially the front end jobs are facing the high rate of attrition. As soon as the employees feel dissatisfied with the current employer orRead MoreHuman Resources: Empolyee Retention Essays1109 Words   |  5 Pagesdesired. When termination of an employee occurs, it â€Å"represents a failure of some part of the HR system† (DeNisi Griffin, 2011, p. 129). It is unfortunate but even with the best recruiting and staffing methods, an employee can be hired that is unmotivated to do the job in an acceptable manner, or in some circumstances is not capable of performing the job duties. If there is any possible way of retaining the employee by counseling, retraining, or reassi gning the employee it is in the best interest ofRead MoreEssay Riordan Manufacturing1266 Words   |  6 Pagesengineering specialist and customer service representatives. The hope is that the team approach will improve sales. As changes have been implemented, employee retention numbers have declined. The company recently conducted an annual employee survey, which showed a decrease in overall job satisfaction, particularly in the areas of compensation and benefits. Recent performance data identified 25% of the employees as high achievers, a large middle group as average, and a small group as under achievers.Read MoreTanglewood Case Study-Manager Retention1542 Words   |  7 PagesRetention of managerial employees at Tanglewood is extremely important to the organization, their mission, and the organizational culture that Tanglewood values. As the organization continues to exponentially grow; their staffing and recruitment processes and procedures have not been integrated to focus o n retention management. This paper will examine the relationship between managerial performance and turnover, why managers leave, additional data that the organization should utilize, equal employmentRead MoreWhat They Didnt Teach Us in Sales Class892 Words   |  4 Pagesemployers of that firm should do is to match the job with the best suited to perform it. High turnover organizations spend disproportionate amounts of resources on recruiting and replacing their workforce, while smart organizations invest in employee retention. Indeed that theres going to be turnover no matter what you do, but blindly ignoring the reasons for turnover is foolish and expensive. Generally, there are five important areas that motivate people to leave their jobs as to why employeesRead MoreMentoring Systems For New Hires1293 Words   |  6 PagesProtà ©gà ©s can benefit from the mentor relationship through career recognition and satisfaction, while mentors can benefit through a rejuvenation of interest and engagement, increased power and position, and work related accesses (O’Neill, 2005). Bonzionelos et al. (2011) has shown a correlation between socio-emotional supports, positive career success and positive work related attitudes and engagement for both mentors and protà ©gà ©s. Research provides a framework of support for organizational benefits including