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Running Head: OPTION 1: ORGANIZATIONAL LEADERSHIP SCENARIO

OPTION 1: ORGANIZATIONAL LEADERSHIP SCENARIO

Jennifer Cvoric

Colorado State University – Global Campus

HRM350-1: Compensation and Performance Management

Mindy Smith

November 6, 2020

OPTION 1: ORGANIZATIONAL LEADERSHIP SCENARIO

Introduction

The employment world is an ever-changing community. Companies are in a constant battle

in this largely competitive environment and are always looking for new ways to bring in new

talent. They are also battling to decrease and abolish retention numbers. The high demand for

skilled employees and the expansion of service industries in recent days has led to enormous

turnover rate, which directly and indirectly affect the employer and ultimately the productivity

and profitability of the organization (Soundarapandiyan & Ganesh, 2015).

Companies are turning to their human resource departments to find the answers to their

long-time questions. Why are our employees leaving, why are they seeking out our competitors

for their next positions, and what are we doing wrong? The easy answer is to create an

innovative retention strategy

A new innovative retention strategy can create a new more employee friendly

atmosphere that in hopes will start with the onboarding process. From the start we can evaluate

the impact a new retention strategy will bring from new hires and current employees, but this

does bring a sense of change. To get employee buy-in for onboarding process change, the

organization must paint the picture of where it's been, where it is now, and where it is going in

order to make an impact (Stephenson, 2015).

Innovative Retention Strategy Plan

A powerful and successful retention strategy plan starts with the employees and their

point of view. Just like fingerprints, no employee is the exact same as the other and have their

own goals and desires when it comes to their jobs. The most important aspects tend to be the

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Running Head: OPTION 1: ORGANIZATIONAL LEADERSHIP SCENARIO OPTION 1: ORGANIZATIONAL LEADERSHIP SCENARIO Jennifer Cvoric Colorado State University – Global Campus HRM350-1: Compensation and Performance Management Mindy Smith November 6, 2020 1 OPTION 1: ORGANIZATIONAL LEADERSHIP SCENARIO OPTION 1: ORGANIZATIONAL LEADERSHIP SCENARIO Introduction The employment world is an ever-changing community. Companies are in a constant battle in this largely competitive environment and are always looking for new ways to bring in new talent. They are also battling to decrease and abolish retention numbers. The high demand for skilled employees and the expansion of service industries in recent days has led to enormous turnover rate, which directly and indirectly affect the employer and ultimately the productivity and profitability of the organization (Soundarapandiyan & Ganesh, 2015). Companies are turning to their human resource departments to find the answers to their long-time questions. Why are our employees leaving, why are they seeking out our competitors for their next positions, and what are we doing wrong? The easy answer is to create an innovative retention strategy A new innovative retention strategy can create a new more employee friendly atmosphere that in hopes will start with the onboarding process. From the start we can evaluate the impact a new retention strategy will bring from new hires and current employees, but this does bring a sense of change. To get employee bu ...
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