Formal Report Presentation
Transcript: To Stay or To Go An Evaluation of Employee Retention at EVEREVE, Inc. by Anne Thomas Addressing the Problem Problem: Employee Retention According to Sweary, “Fueled by numerous factors and catalyzed by the pandemic’s impact, people left their jobs in droves during the Great Resignation. The trend redefined the meaning of job satisfaction and made people rethink their employment options.” (2022). State of Hiring 2022 During a personal communication, Julie Smith revealed that in the last 6 months along EVEREVE at Village Pointe has lost 6 newly hired employees Images provided by Unsplash, a proprietary stock photo company Figures Job Separations and Number of Job Openings Analysis Analysis Hiring Issues What problems are we running into? Aggression towards new employees Inconsistent training Impatience towards new employees Unwillingness to be inclusive Expectations of Employees What are our Expectations? Greet Customers Form a relationship with the customer Style them Comb beyond the need Communicate with other stylists Assist other stylists with their customers Check them out at the register Chores Environment Positives and Negatives on the Floor Negatives Positives Close knit team Floor communication Support from other stylists after a certain amount of time Frequent gossip Impatience when team members are ineffective Immediate high expectations Figures “Prominent leaders understand that promoting a positive environment is critical to the success of their company. Disengaged employees not only impacts performance, but ultimately leads to increased turnover rates, stressful work environments, negative PR and more importantly, lack of motivation,” (Thomas, 2019). Fig. 3 Dynata, (May 4, 2022). Ideal qualities of a workplace according to employees worldwide in 2022 [Graph]. In Statista. Retrieved November 22, 2022, from https://www-statista-com.leo.lib.unomaha.edu/statistics/1307405/workers-ideal-qualities-job/ Recommendations and Solutions Recommendations Stop The Talk Reduction of Gossip between Co-workers Rather than outlawing gossiping, try incentivising Positivity! For example: A positivty jar. Mentorship New Employees Paired with Seasoned Employees The implementation of some sort of mentorship program would promote good feeling between new workers and current workers (Sweary, 2022) Images provided by Unsplash, a proprietary stock photo company Team Bonding Group Bonding Examples: Coffee Shop Group Dinner Escape Room Images provided by Unsplash, a proprietary stock photo company Images provided by Unsplash, a proprietary stock photo company Let's Review Review Analysis Soltuion Problem The Problem KEEP IN MIND The problem we are facing is a high turnover rate. Our stylists are not to be blamed, but there are steps that they can be take to improve the new hire's experience. The Solution CHANGE Implement a mentorship program Incentivise positive conversations Allow and prepare a setting for group bonding References Asif, & Nisar, S. (2022). Policies, Rewards and Opportunities: Antecedents of Employee Retention. Indian Journal of Commerce and Management Studies, XIII(1), 18–26. https://doi.org/10.18843/ijcms/v13i1/03 Bureau of Labor Statistics. (2022, January 6). Number of quits at all-time high in November 2021. U.S. Bureau of Labor Statistics. Retrieved November 28, 2022, from https://www.bls.gov/opub/ted/2022/number-of-quits-at-all-time-high-in-november-2021.htm Casselman, B. (2022, January 4). More quit jobs than ever, but most turnover is in low-wage work. The New York Times. Retrieved November 28, 2022, from https://www.nytimes.com/2022/01/04/business/economy/job-openings-coronavirus.html?searchResultPosition=3 Dynata, (May 4, 2022). Ideal qualities of a workplace according to employees worldwide in 2022 [Graph]. In Statista. Retrieved November 22, 2022, from https://www-statista-com.leo.lib.unomaha.edu/statistics/1307405/workers-ideal-qualities-job/ Ran Xiong, & Yuping Wen. (2020)/ Employees’ turnover intention and behavioral outcomes: The role of work engagement. Social Behavior & Personality: An International Journal, 48(1), 1-7. https://doi-org.leo.lib.unomaha.edu/10.2224/sbp.8609 Staff at EVEREVE Inc. (n.d.). Our story. Evereve. Retrieved November 7, 2022, from https://evereve.com/our-story#:~:text=In%202004%2C%20Megan's%20dream%20became,a%20fast%2Dgrowing%20ecommerce%20site. Sweary, R. (2022, June 9). Council post: The great acceptance and the new battleground for employee retention. Forbes. Retrieved October 20, 2022, from https://www.forbes.com/sites/forbestechcouncil/2022/06/07/the-great-acceptance-and-the-new-battleground-for-employee-retention/?sh=de8a99755609 Thomas, S. (2019, October 7). Creating and maintaining a positive work environment - a professional professional's guide. LinkedIn. Retrieved November 20, 2022, from https://www.linkedin.com/pulse/creating-maintaining-positive-work-environment-guide-sean-thomas References