12.Retention - Retention MGT 315 Scott Class Agenda n The...

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Unformatted text preview: Retention MGT 315 Scott Class Agenda n The importance of retention n Voluntary turnover Job attitudes n Job satisfaction n Organizational commitment Stress Organizing Model Employee Retention n Now that we have spent a lot of time and resources to recruit, select, evaluate, and compensate our employees, we need to try to keep them from leaving Is retention always a good thing? n For managers? n For employees? Employee Retention n Quote from manager: If a $2000 desktop computer disappears from an employees desk, I guarantee there will be a six-week investigationit will be a big deal. But if a $100,000 professional or executive with all kinds of expertise and client relationships gets poached by a competitor, there is no investigation. Employee Retention n For the most part, employees who are happy stay, while those who are unhappy leave n Retention is thus a function of job attitudes Job satisfaction Organizational commitment Employee Retention Retention Job Satisfaction Organizational Commitment + + Job Satisfaction n A positive affective state resulting from the appraisal of ones job or job experiences n Is often measured by considering multiple facets that drive overall job satisfaction: The work itself Pay Promotions Supervisor Coworkers Measuring Job Satisfaction n Satisfaction with Work: My job is enjoyable n Satisfaction with Pay : I feel I am being paid a fair amount for the work I do n Satisfaction with Promotion : People get ahead as fast here as in other places n Satisfaction with Supervisor : My supervisor is quite competent in doing his/her job n Satisfaction with Co-Workers : I like the people with whom I work JDI Norms 41.541....
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This note was uploaded on 10/17/2011 for the course ECON 101 taught by Professor Thompson during the Spring '11 term at Michigan State University.

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12.Retention - Retention MGT 315 Scott Class Agenda n The...

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