The High Employee Turnover in the Work Place
Running head: THE HIGH EMPLOYEE TURNOVER IN THE WORK PLACE
The High Employee Turnover in the Work place
Why is it Happen and How to Solve the Problems
Guan Jeng Loi
Front Range community college
THE HIGH EMPLOYEE TURNOVER IN THE WORK PLACE
Abstract
This paper explores the articles that report on the high employee turnover in the work place. Base on Foo Tian Company with 30 employees in plantation business. The articles include the reason of high employee turnover in the work place and what problems cause to employer. How to increase the retention in the work place by developed a training program that helps to decrease the employee turnover.
.
THE HIGH EMPLOYEE TURNOVER IN THE WORK PLACE
The Background of the company
Foo Tian Corp was founded in year 1985. The Company operates in three segments: plantation, which is engaged in the cultivation of oil palm, Cocoa and Rubber; property investment, which is engaged in the investment in real estate properties; agriculture, which is engaged in cultivation of Fruits and vegetable. During the fiscal year ended June 30, 2010, the Company produced 3,405 tons, 75 tons and 36 tons of fresh fruit bunches, Cocoa and rubber, respectively. In 2010, the Company reached the annual sales of RM1.24Million and having 30 employees served in the company.
The problem that company met was high employee turnover in the plantation segment. The turnover rate hit 46% in 2010 base on total number of employees leaving in the past 12 months (Express Services, Inc). The cost of employee turnover to Foo Tian Corp has been estimated to be up to 300% of the employees ' salary. There are both direct and indirect costs. Direct costs relate to the leaving costs, replacement costs and transitions costs. While indirect costs relate to the loss of production because palm oil fresh fruit brunches needs front line worker to harvest every two weeks and reduced the performance levels.
THE HIGH EMPLOYEE TURNOVER IN THE
The High Employee Turnover in the Work place
Why is it Happen and How to Solve the Problems
Guan Jeng Loi
Front Range community college
THE HIGH EMPLOYEE TURNOVER IN THE WORK PLACE
Abstract
This paper explores the articles that report on the high employee turnover in the work place. Base on Foo Tian Company with 30 employees in plantation business. The articles include the reason of high employee turnover in the work place and what problems cause to employer. How to increase the retention in the work place by developed a training program that helps to decrease the employee turnover.
.
THE HIGH EMPLOYEE TURNOVER IN THE WORK PLACE
The Background of the company
Foo Tian Corp was founded in year 1985. The Company operates in three segments: plantation, which is engaged in the cultivation of oil palm, Cocoa and Rubber; property investment, which is engaged in the investment in real estate properties; agriculture, which is engaged in cultivation of Fruits and vegetable. During the fiscal year ended June 30, 2010, the Company produced 3,405 tons, 75 tons and 36 tons of fresh fruit bunches, Cocoa and rubber, respectively. In 2010, the Company reached the annual sales of RM1.24Million and having 30 employees served in the company.
The problem that company met was high employee turnover in the plantation segment. The turnover rate hit 46% in 2010 base on total number of employees leaving in the past 12 months (Express Services, Inc). The cost of employee turnover to Foo Tian Corp has been estimated to be up to 300% of the employees ' salary. There are both direct and indirect costs. Direct costs relate to the leaving costs, replacement costs and transitions costs. While indirect costs relate to the loss of production because palm oil fresh fruit brunches needs front line worker to harvest every two weeks and reduced the performance levels.
THE HIGH EMPLOYEE TURNOVER IN THE
References: R.Wayne mondy. edition 11 Human Resource Management Robert A. Funk. Express Services, Inc Dijkstra, Eelco. What Drives Logistics Professionals Robert Kiyosaki. Rich Dad Poor Dad L.Dobb and P.Dick. Human resource management Fraser, J.A. Managing emotions in the workplace