新东方在线网络课堂 职称英语 新东方在线 > 职称英语 > 职称英语中石油 > 复习资料 > 正文

2014中石油职称英语选读文章:How to Reduce Employee Turnover

2014-01-06 19:02:00 来源:新东方在线论坛发表评论


  How to Reduce Employee Turnover如何减少员工流失

  1. The Chief Executive of a large hotel became aware that his company was experiencing annual employee turnover of about 60 percent, at an annual cost estimated between $10 to $15 million. This large amount of money was calculated based on three factors: the money spent hiring and training replacements; the cost to the business in lower productivity due to employees becoming familiar with the requirements of their new job; and reduced occupancy rates, due to poor guest satisfaction levels.


  2. The Chief Executive knew that in order to save his company, he had to reduce the high turnover costs. Making up for the lost income due to turnover is not an easy task and many companies have not declared war on unwanted employee turnover because they have not taken the time to work out the costs of lost revenues and productivity. The hotel boss decided to tackle the issue head-on by implementing a 4-point plan. The hotel first took the time to calculate their turnover costs; secondly to evaluate the main causes for the staff turnover; and thirdly to discuss some of the solutions to the problems; and lastly to prioritize actions and evaluate future returns following implemented changes.


  3. Within a two-year period, the results were significant. The annual employee turnover was reduced by 78 percent and this affected down time due to training and guest satisfaction. The result was a $10 million savings for the company.


  4. Because most do not know the root causes of employee turnover and costs have often not been accurately estimated, causes are usually not known. As a result, solutions are commonly not targeted at a company's individual, specific causes. The following is an examination of what the Chief Executive did to turn the hotel around.


  5. Two factors were considered in relation to the calculation of costs: those departments who had the highest rates of turnover and those whose turnover had the greatest potential effect on profit. After some investigation, it was shown that some of the positions with the highest turnover rates such as cleaners and gardeners did not carry with them high associated costs. In fact, what was revealed was that only 6 percent of employees accounted for 43 percent of the turnover. Positions that involved a substantial amount of time in training were the ones that attracted the highest costing. Analysis revealed that those positions within the hotel which had the greatest impact on profit were positions like the front office receptionists and those working in accounts.


  6. As unusual as it may sound, it is now a common understanding that offering employees more money is not necessarily a good solution to high employee turnover-often they leave because they simply dislike the work. Therefore, it was important to tackle the analysis from the perspective of what were the chief causes for staff leaving.


  7. Devising solutions to these issues was the other half of the equation. As far a recruiting was concerned, they changed their approach by assigning the task to personnel from the hotel. Once this change was made, the attrition rates decreased substantially. To add to employee motivation, new staff were made aware of the mission and goals of the organization and how they would be paid above industry standard for striving to attain to hotel values. New staff were shown where the hotel was heading and how they would have a guaranteed, stable employment situation with a major force in the hotel industry-it was even suggested that after a period of employment, new staff might be given the opportunity to contribute to organizational goal setting. They had been losing many of their employees during the first month or two of employment, so they made new staff aware that bonuses would be offered to newly hired employees at the end of their first three months which greatly assisted in goal setting. Staff luncheons and the in-house volleyball and basketball competitions remained an effective part of staff unity and development, and a support program was also introduced to help all staff with any job-related issues. This gave employees a heightened sense of being cared for by the establishment.


  8. Another area of change which proved successful was the introduction of the Valuable Employee Program (VEP). When a person was employed in the past they were assigned a senior member of staff who assisted them with getting used to their new job. Due to the limitations of the senior member's position however, they were often not in a position to explain any details regarding future advancement. Now, when staff are employed, they are clearly told what is expected in the job and where it might lead for the right candidate. Hotel surveys revealed that over 30 percent of employees were not satisfied with the career opportunities in their current jobs, so the articulation of the definite and realistic opportunity for advancement through the VEP led to a major decrease in employee attrition.


  9. Once the ship had been righted and the relative returns on human resource investments had been calculated, setting priorities became a formality. Although at first a daunting task, the enormous cost of employee turnover offered an excellent opportunity for the hotel to increase profitability.


本文关键字: 2014 中石油 职称英语






1,"新东方在线"上的内容,包括文章、资料、资讯等, 本网注明"稿件来源:新东方在线"的,其版权 均为"新东方在线"或北京新东方迅程网络科技有限公司所有 ,任何公司、媒体、网站或个人未经授权不得转载、链接、转贴或以其他方式使用。已经得到 "新东方在线"许可 的媒体、网站,在使用时必须注明"稿件来源:新东方",违者本网站将依法追究责任。

2, "新东方在线" 未注明"稿件来源:新东方"的 文章、资料、资讯等 均为转载稿,本网站转载出于传递更多信息之目的,并不意味着赞同其观点或证实其内容的真实性。如其他媒体、网站或个人从本网站下载使用,必须保留本网站注明的"稿件来源",并自负版权等法律责任。如擅自篡改为 " 稿件来源:新东方 " ,本网站将依法追究其法律责任。


  • 2017职称英语直播答疑


实用 • 工具

交流 • 下载

  • 职称英语备考资料下载
  • 职称英语备考资料下载
  • 职称英语备考资料下载
  • 职称英语复习必备



2017职称英语改编题串讲 w 44分35秒
1 2017职称英语改编题串讲
2017职称英语阅读理解答题技巧 w 26分32秒
2 2017职称英语阅读理解答题技巧
2017职称英语完形填空答题技巧提炼 w 33分35秒
3 2017职称英语完形填空答题技巧提炼
2017职称英语通关中英文朗读篇 w 05分13秒
4 2017职称英语通关中英文朗读篇
2017年职称英语语法考点重点解析 w 21分17秒
5 2017年职称英语语法考点重点解析