Question

Employee satisfaction boosts an organizations profitability. Discuss why high employee turnover harms an organizations progression to success. How can organizations minimize the harm dissatisfied employees have on organizational profitability?

Answer 1

HIgh employee turnover harms progression to success

• High employee turnover comes with a cost - For an employee earning $8 per hour the cost is $3500 to $25000.
• Demoralization of employees remaining with the firm due to additional work to be absorbed by the employees, or, the loss of a respected colleague
• Has a negative impact when jobs are not standardized, and, there are no procedure for transmitting knowledge to new workers.
• At low process conformance stores, knowledge resides in employees. This resides in employees, and, is lost when an employee leaves
• Can lead to consumer dissatisfaction when the employees do not serve consumers the manner in which they should
• Lack of continuity in relationships with suppliers; and, problems with productivity, and, quality

Minimize the harm due to dissatisfied employees

• Employee satisfaction influences performance, and, is critical to success.
• Positive outcomes result from job satisfaction amongst employees. It correlates with lower staff turnover; high customer satisfaction levels as customer outcomes are affected by employees.
• Combine employee opportunities for development, and, personal growth with welfare, policy, sense of security, and, working environment for higher employee autonomy
• Explore deep rooted causes, and, highlight the explanations, understand the underlying social phenomena for a human touch for employees, and, consumer as is done in Taiwan
• Evaluate the conditions considering the cultural differences
• Streamline work processes; make leadership transformational, not just transactional. Allow for employees to put forth their point of view.