ANNOTATED BIBLIOGRAPHY
Ben Olander, Kayla Nager, Elias Haile, Kenny Youngblood
The purpose of our blog is to research how large corporations manage worker retention, while also proposing possible methods to improve retention.
Council, F. H. R. (2016, September 8). Six Strategies You Can Use To Improve Employee Retention. Retrieved from https://www.forbes.com/sites/forbeshumanresourcescouncil/2016/09/08/six-valuable-ways-to-improve-your-employee-retention/#1b97783a13d6
Employees are your most vital piece to your organization’s puzzle. A lot of employers undervalue their employees and this can be no surprise as to why employees leave when they feel undervalued or taken for granted. This article was written by the Forbes Human Resource Council; an organization of human resources executives across various different business industries. The six points outlined in the article can be summed up as uplifting employees by valuing their contributions. The advice included is setting up stay interviews, empowering the team, allow them to communicate anonymously and just genuinely caring about employees to discuss issues, strengths & weaknesses. I would take anything that the Forbes Human Resource Council as something that’s valuable, because it involves executive’s from fortune 500 companies.
Tim G. Andrews. Economic Inequality, Cultural Orientation and Base-of-Pyramid Employee Performance at the MNC Subsidiary: A Multi-Case Investigation. Management International Review, 2018.
I believe that the article “Economic Inequality, Cultural Orientation and Base-of-Pyramid Employee Performance at the MNC Subsidiary: A Multi-Case Investigation” is important because when planning international business it is important for us to also remember to understand how economic inequality affects employees as well as company morale. By using this article we will be able to learn about how employees are affected by any economic inequalities and can gain the knowledge necessary to work towards solving any problems that might arise from this topic.
Dhir, S. and Shukla, A. (2019), “Role of organizational image in employee engagement and performance”, Benchmarking: An International Journal, Vol. 26 No. 3, pp. 971-989. https://doi.org/10.1108/BIJ-04-2018-0094
The importance of an organization’s image can have a significant impact on an employees decision to stay or to leave that organization. Specifically, being able to appeal to a wide range of different ideologies and types of people can make it easier for employees to feel committed to the cause of the organization, and to commit themselves to that cause for the long haul. An issue in many organizations is the failure to present themselves as a good company to work for, that has an honest and commendable goal. By understanding organizational behavior, companies can provide employees with an attractive cause, and improve organization wide engagement and retention.
“This Company Retains 95% of Its Employees – Here’s Its Secret.” First Round Review, 18 Feb. 2016, firstround.com/review/this-company-retains-95-percent-of-its-employees-heres-its-secret/.
This article lists out the many methods that a company used to retain a 95% employee retention rate, including; “mission kick-offs” in which each different team gets an opportunity to tell the rest of the organization what it’s goals are for the coming period, “town halls” where the administration sends out anonymous surveys and then holds a Q&A session, and “All Hands-Meetings” recognising accomplishments and challenges facing the organization. All of these methods give a clear picture of how an organization would actually succeed using aspects of engagement.
Phillips, J., Connell, A. (2004). Managing Employee Retention. London: Routledge, https://doi.org/10.4324/9780080510873
It says it all in the title of the paper. This article talks about understanding the true costs of employee turnover rates, and how organizations can’t underestimate the value of loyal employees when they consider how they are going to manage engagement. It also talks about the ROI of long term employees, or return on investment, stating that a well treated employee will garner great returns for a company from a purely economic perspective.
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