Applied H.R.M. Research‚ 2003‚ Volume 8‚ Number 2‚ pages 63-72 Organizational Application Managing Employee Retention as a Strategy for Increasing Organizational Competitiveness Sunil Ramlall‚ Ph.D. University of St. Thomas Research indicates that the total cost of employee turnover is about 150% of an employee’s salary. Because of this high cost of turnover‚ the organization that is the focus of this article sought to understand their employee’s turnover intentions and the reasons for the potential
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Summary of the Journal/ Article: Recruitment Strategies – Managing/Effecting the Recruitment Process By Margaret A. Richardson In this journal/ article‚ writer listed out some of the recruitment strategies‚ with identifying the advantages and drawbacks of each strategy. Recruitment strategies may be conducted internally and externally‚ which internal recruitment including transfer of existing personnel/ through referrals and external sources including walk in applicants‚ advertising vacancies
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Bibliography... 13 1. Executive Summary Microsoft is a computer business company. It is famous for software products are the Microsoft Windows line of operating systems‚ Microsoft Office suite‚ and Internet Explorer web browser. It is the world ’s largest software maker measured by revenues. Also Microsoft has a new development strategy in recent year which approaching to smart-phone industry. Microsoft built on the partnership with Nokia since 2011‚ and the significantly
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Creative Retention Strategies that are used by organization today[/SIZE][/B] “Take Care of your Associates & they will make sure that our customer will keep coming back”. Bill Marriott (Founder Marriott Hotel) With the fast changing economic & market conditions‚ companies are facing very high pressure to perform which require them to have the best people to work with‚ to retain their experience minds; they want to be the most preferred employer in the eyes of their prospects (future employee)
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In todays scenario retaining the employees in the organization is becoming achallengeable job. Hiring knowledgeable people for the job is essential for an employer. But retention is even more important than hiring. The employees are valuable assets to the organization so it is the responsibility for the organization to develop the strategies in order to retain the employees. Employee attrition may be due to various factors such as lack of growth opportunities‚ dissatisfaction with the working environment
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WHITEPAPER VOLUME TWO EMPLOYEE RETENTION REDUCING RECRUITMENT BY INCREASING RETENTION WHITE PAPER EMPLOYEE RETENTION EMPLOYEE RETENTION REDUCING RECRUITMENT BY INCREASING RETENTION DRAKE I NTERNATIONAL NORTH AMERICA CONTACT DRAKE FOR FURTHER INFORMATION ON HOW OUR INNOVATIVE SOLUTIONS CAN CREATE A SUCCESSFUL RETENTION PROGRAM THAT WILL REDUCE YOUR STAFF TURNOVER. CALL OR VISIT VANCOUVER•EDMONTON CALGARY•WINNIPEG LONDON•HAMI LTON OAKVILLE•MISSISS AUGA TOR ONTO•BELLEVILLE BROCKVI
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Final Examination——Microsoft Tinmin Yeung B3A81 49905881 THE SUMMARY OF THE CASE Firstly‚there is no doubt that Microsoft is quit successful in China.Because China is a very large market.Between 2002 and 2007‚Microsoft sales and revenue grew more rapidly in the Greater China region than in andy other market in the world.But Microsoft also meet a lot of challenges‚patent‚piracy and political. From Microsoft itself‚it is the world’s best.He gets the absolutely monopoly position.He draw up
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How to Talented Employees Retention Introduction The world economic is in the stage of globalization. Businesses have to compete in many aspects in which quality is the most important factor (Barney‚ 1991). The quality affect in many departments‚ especially Human Resources (HR). More than ever‚ HR which bring the success or failure of business becomes scarcely. In fact‚ the hiring of skilled employees was difficult‚ but keeping them even harder. They leave after they have been trained or been
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Strategic Information Systems to keep Microsoft ahead in the gameDecisions are classified into structured (repetitive) and unstructured (not routine). Thisinformation will allow the organisation to develop the best strategy to achieving orfulfilling its mission. Most scholars in strategic management are familiar with thedistinction between "content" research which deals with the content of strategies and"process" research which examines the strategic decision process and the factors thataffect it
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Case Study: Employee Motivation and Retention Strategies Prologue: The case examines the employee motivation and retention strategies of the US based XYZ Corp. Corporation (XYZ Corp.). Since its inception‚ XYZ Corp. was appreciated for its employee-friendly HR practices. However‚ during the late 1990s‚ as the company was growing rapidly in size‚ it lost the popular elements of its work culture. Moreover‚ several racial discrimination lawsuits and antitrust proceedings affected the company’s corporate
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