Staff Retention Strategy Assignment Example | Topics and Well Written Essays - 4000 words

Staff Retention Strategy - Assignment Example They are the customers for jobs. If managers do not prepare a good foundation, they cannot expect them to stay. Employees will no longer endure what they do not like in their employment situation. They have power in the knowledge of their abilities and confidence in their value in the marketplace. With greater loyalty to their career and their skills than to their employer, they move on. Current paper provides discussion of proper strategies that should be applied for keeping employees who are the greatest assets of any organization. Using the case of London Housing Association, I will emphasize strategies of retention employees in this organization while basically examining job descriptions, recruitment, selection, and orientation, looking at the employees' perspectives on the issue. Keeping good help productive and on the job is the keystone of management. It is an everyday, continual process. It represents not one single problem with one single solution but rather a maze of simple and complex problems each with several possible solutions. Successful management deals with each problem and chooses among the alternative solutions. Management is, perhaps, problem solving and decision making. In dealing with problems the manager would do well to keep in mind an old rule "If you are not part of the solution, then you must be part of problem... If you are part of the solution, you are probably part of the next problem." (Campbell, Campbell, & Chia, 132) The problem of high turnover seems more evident in some businesses than in others. The manager who faces this problem should be aware that there is no simple solution, only intelligent choices. In making these choices the manager needs a basic understanding of people and why they do what they do or why they don't do what you would like them to do. The choices management makes in these decisions should be predicated upon the goals of the organization. The results of such decisions may actually be a test of the validity of organizational goals. Realistic goals which have been developed and accepted by all segments of the organization will prove to be a much sounder base for management decisions than goals developed from a narrow perspective of any one segment of the organization. Both the organization and the employee are beginning a relationship that will not last if there is a mismatch between the position requirements and the new hire's skills. It makes no difference if the mismatch is due to managers' unawareness of what they need, not having the right person in candidate pool, not selecting the person who can do the work, or not launching the person hired on the right track. The results are, on either side, unfruitful. For the organization: loss of productivity because work is not getting done or not getting done right; burnout of overworked employees; the often hidden cost of management time to fix the problem. For the employee: frustration due to not being able to use one's skills; investment of time and energy to find another position. In London Housing Association retention is interrelated with recruitment and employee relations. Each impacts the other, and all three are related. London Housing Association begins its retention efforts by centralizing its recruitment efforts. Through its recruitment centers it provides better-quality applicants for managers to

International Business Strategy Essay Example | Topics and Well Written Essays - 750 words

International Business Strategy - Essay Example The theoretical framework applied for external audit is the PESTEL analysis. The political system in China significantly favours entrepreneurship. Having risen from a middle-income country to a near developed country in less than a century, the political system has a history of favouring entrepreneurship (bec.org). Hong Kong is the richest country in the mainland China with a GDP of US$ 258 billion. This makes it one of the most economically viable nations. The purchasing power in the country is estimated by the World Bank to be US$ 42.653. The country has other established foreign and local brands that pose great competition to Koyo Jeans. These include Diesel, Calvin Klein and Levis which are international companies; and Gallery and Lucky Brand, which are Hong Kong-based (lowtax.net). Being a local company, Koyo jeans do not experience any social or political barriers. The population of Hong Kong is more than 7 million people most of whom embrace the European and traditional Chinese clothing as fashion. Because of the cultural orientation of the products, the demand for Koyo Jeans’ products is high among the people who can be said to be luxurious shoppers. They have been quite receptive of the Koyo products over the years and has helped the company develop. Canada has a democratic tradition dating back to mid-nineteenth century. A general governor governs the country, and the political system is fairly stable. Being a developed and industrialised country, the political system is supportive to businesses, both local and foreign. The population of Canada is more than 34 million people and is in constant expansion. The Canadians are not only affluent but also fashion sensitive. This means that there is a ready market for the products. Jeans market in Canada experienced a 2% increase in 2013 (euromonitor.com). The main competitors in this market are the European brands; Diesel, Calvin Klein, Levi; and the Canadian