Description
Managing Retention Create a retention plan for a top performer. What are the components needed to do so? How do you retain a top employee that is unhappy with the organization? Please explain. The requirements below must be met for your paper to be accepted and graded: •Write between 700 – 1,000 words using Microsoft Word in APA style, see example below. •Use font size 12 and 1” margins. •Include cover page and reference page. •At least 80% of your paper must be original content/writing. •No more than 20% of your content/information may come from references. •Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement. •Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style. References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing. A detailed explanation of how to cite a source using APA can be found here (link). Download an example here. Grading Criteria Assignments Maximum Points Meets or exceeds established assignment criteria 20 Demonstrates an understanding of lesson concepts 30 Clearly presents well-reasoned ideas and concepts 30 Uses proper mechanics, punctuation, sentence structure, spelling and APA format. 20 Total 100
Explanation & Answer
Attached.
Running head: EMPLOYEE RETENTION PLAN
Employee retention plan
Name
Institution
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EMPLOYEE RETENTION PLAN
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The retention of key talents is one of the most important undertakings for any company
especially one that wants to compete aggressively in a saturated market. The talented
employees contribute immensely to the growth of a company since often become business
leaders (Sathu &Rao, 2016). Losing the key talent can be detrimental since they contribute
more to the company as compared to the typical employee. Additionally, even with the high
level of unemployment, hunting for talented employees can be a rather daunting task. It is for
this reason that a company should formulate a retention plan that will ensure that the key
talents in the organization are not lost to the other companies. This will starts by evaluating
the goals of the retention plan or what the company hopes to achieve by implementing the
plan and conducting a survey to get the views of the employees on the working conditions at
the company. Also, it will incorporate sourcing for the manager’s approval, suggesting the
retention strategies, implementing the retention strategies, and making the employees sign the
retention agreement.
The...
