Turnover Rate And Retention Essay

3590 words - 14 pages

Formal Report of Employee Turnover Rates and RetentionM-1Global, Inc.Prepared for:Upper and Middle Management, All Departments and EmployeesPrepared by:Greg Dingas/Human Resource AssistantM-1 Global, Inc.August 24, 2014MEMOTO: Ann Bell, Human Resource ManagerFROM: Gregory Dingas, Human Resource AssistantSUBJECT: Report on Employee Turnover Rates and Retention DATE: August 24, 2014As you requested, I have examined and researched employee turnover rates and retention at M-1Global, Inc. The purpose of this report is to make recommendations to management within the organization to hire and retain good employees in order to combat the high employee turnover rate.In order to provide quality information and feedback for this report we will look at the differences between retention and turnover, why employees stay, reasons why they leave, and what can be done to save them. We will also examine some external factors that will make employee retention and turnover reduction highest priorities for human resource professionals. Also, we will examine and discuss the five factors that have a proven positive impact on retention and they should be taken into consideration when developing an employee retention program.I enjoyed working on this report due to the potential impact that can be made towards the retention and turnover rates at M-1Global, Inc. Please call me if you would like additional details about the report. M-1 Global, Inc. 127 Rainbow Lane Baltimore, MD 21202 410.555.817Table of ContentsEXECUTIVE SUMMARY……………………………………………………………….. 5INTRODUCTION………………………………………………………………................. 6Project Description………………………………………………… ……………... 6Scope of Study…………………………………………………………………….. 6Report Purpose…………………………………………………………………….. 6DISCUSSION…………………..…………………………………………………………....

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