Introduction
As a leadership and organizational behavior student, I believe that the overall culture of an organization has a lot to do with employee satisfaction and turnover. Although achieving zero percent employee turn-over is unrealistic, high turnover can cause major drawbacks to an organization. ABC Company is an investment company that deals with a number of mutual funds that are registered with the New York Stock Exchange (NYSE). I am the leadership and organizational behavior consultant of the firm. The human resources manager asked me to do a research to find out why there is a very high turnover in the fund department of the organization.
This paper discusses research on the subject of employee turnover in an investment company, specifically the fund department. The paper provides information on the current status of employees in this department and why there seems to have such a high employee turnover compared to other departments of the organization. It also suggests the changes that the management could use to reduce this turnover from several sources of information. If strongly considered, these suggestions will help save the company a lot of money through employee retention.
Problem Statement
The Problem - Can Employees be made happy?
As I observed and analyzed the employees of the fund department, I realized that the employees have a couple of issues that are causing the high turnover. These include but not limited to; compensation, training, motivation and job satisfaction. It seemed that there is some sort of communication breakdown, between the employees and the managers.
Literature Review
According to a research done ...