Employee Retention

Write and submit a 5-6 page paper on the value of employee retention and practices employers can use to improve their retention rates.

Introduction

Organizations must take an active approach in retaining the employees they invested so much time, energy, and money to recruit. As part of this effort, they may also implement processes to understand the major reasons for employee turnover. In this assessment, you will write a paper on the value of employee retention and practices employers can use to improve their retention rates.

Overview

This assessment requires you to explore the importance of employee retention and reducing employee turnover and identify processes employers can implement to combat this time consuming and costly element of business.

Planning

The time it takes to complete an assessment can vary greatly. But it often takes longer than we think to explore the scope of a task, research it, write a draft, and then come back and revise it. Consider the following as rough guideposts for setting aside the time you need to do your work. You will want to adjust these as you learn more about your own pace and working style.

• Research and reading: 4 hours.
• Interactive activities: 30 minutes.
• Writing: 6 hours.
• Revising: 2 hours.

Instructions

Write a 5–6 page paper on the value of employee retention and practices employers can use to improve their retention rates. In your paper:

• Describe how an effective onboarding process can help reduce employee turnover.
• Describe the important elements of an effective New Hire Orientation.
• Discuss the current national average of employee turnover.
• Explain practices employers can implement to track employee turnover to better understand how to retain employees.
• Describe the most important practices employers can implement to improve employee retention rates.
• Communicate in a manner that is scholarly, professional, and consistent with expectations of members of the human resources profession.

Submission Requirements

• Written communication: Written communication is thoughtful and free of errors that detract from the overall message.
• APA formatting: References and citations should be formatted according to current APA style and format. See Evidence and APA.
• Length of assessment: 5–6 typed, double-spaced pages.
• Font and font size: Times New Roman, 12 point.
• Communication: Understand the audience and communicate professionally.

Refer to the assessment scoring guide to ensure that you meet all criteria. To earn full points for each criterion, be sure to note the details on what constitutes distinguished performance.

Competencies Measured

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:

• Competency 1: Describe how hiring practices support an organization’s strategy.
  • Describe the important elements of an effective New Hire Orientation.
• Competency 2: Assess approaches for recruiting, selecting, and retaining talent.
  • Describe how an effective onboarding process can help reduce employee turnover.
  • Discuss the current national average of employee turnover.
  • Describe the most important practices employers can implement to improve employee retention rates.
• Competency 3: Explore technology tools that support recruiting and staffing management.
  • Explain practices employers can implement to track employee turnover to better understand how to retain employees.
• Competency 5: Communicate in a manner that is scholarly and professional.
  • Communicate in a manner that is scholarly, professional, and consistent with expectations of members of the human resources profession.