F11-055 - Thanh Kim Ngan.v.1.1.docx

The industry with the lowest employees retention rate

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The industry with the lowest employee’s retention rate is linked with government company of 13% and the education sector such as teacher is 1,4%. The retention rate of business such as small supermarket, fast food is 100%. (Wells. M, 2018) The impact of legal and regulatory frameworks Labor law: workers are the set out by the government of that country to tighten the rules between wage workers and their employers or labor relations. (Schregle, 2018)
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The minimum wage for state companies and Region II Minimum wage is simply defined as an amount of money set as the base value for the construction for other wages levels in other jobs, determined by the government. In region ii, which consists of mostly small cities. The minimum wages of region ii had significantly increased for the past 8 years, from 740000 đ to 3.320.000đ respectively. Cloud-based HR Program: It helps companies focus data, documents and other appropriate information that can be easily accessed online. Employee information is stored securely. (Hillsberg, 2018) Recruitment Apps: They use website like Facebook, LinkedIn to recruit or find out about other companies and to reach the candidate with their information. (Hillsberg,2018) Social Media Recruitment: Advantages Disadvantages -It gives employers a better idea of the candidate’s information through network -People can easily apply for a job application. (Creately Blog, 2018) -Providing wrong candidate information -Poor selection leads to rent staff inappropriateness. (Creately Blog, 2018) 6.1 Recruitment and selection, development and training, performance management and reward system. Recruitment is the method of gathering qualified candidates on the market positions among a bank (Mathis, 2004) The practice of selection is to act as a rational and objective measure (Price, 2004), which applies to employing qualified personnel for the job.
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Training is to guide new employees to the knowledge of the company (Saifalislam, 2014) Traditional Recruitment: is the process odd recruiting employees through the press brochures or job fairs, it makes expensive and ineffective Online recruitment: - Advantages: Save time, get more applications, people can easily register at home (Craig, W.,2018) - Disadvantages: many impostors get the wrong information about them. There are many virtual applications, not clear origin (Phoraris, S., 2018) 6.2 Job analysis, Job Descriptions, Personal Specifications and Competency Frameworks Selection Job analysis : Assign the job to the right person and right job Employees fit that type odd structure Relationship between concern in the same job (Juneja. P, 2018). Job Descriptions: Title/ Designation of job and site within the concern The nature of authority- responsibility relationships Necessary qualifications that are needed for job (Juneja. P, 2018).
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