Fundamentals of Management for Turnover in Ford- myassignmenthelp

Question: Write about theFundamentals of Management for Turnover in Ford. Answer: High Employee Turnover in Ford Out of all the organizational issues that are encountered by the food company, the high rate of employee turnover in recent times have compromised and the overall quality of organizational performance. The company has to encounter huge amount of financial loss that is caused due to this high rate of employee turnover. This is mainly due to the fact that the company each year spends nearly $1.2 million for the training program that is aimed to improve the level of skills of inexperienced workers at various departments. It has been seen for the past 2 years on average 80 employees are resigning from their respective post in every month (Corporate.ford.com, 2017). Hence, the cost of the training program that is being provided to the workers is accounted as total loss for the company. It is believed that the poor communication between the workers and the management is one of the major causes of employee dissatisfaction. This in turn is causing high rate of employee turnover. The poor workplace environment is believed to be one of the major causes of high employee turnover rate. It is also evident that the employees are not satisfied with the salary packages that are being provided. High rate of employee turnover can also be one of the major De-motivating factors for the existing employees of Ford Company. There are also few cases, where the senior workers are forced to leave the organization due to lack of career growth opportunity. This is a major loss for the company due to the fact that they are not able to further utilize the experience of the senior workers that can be used to provide valuable mentoring advice to the new employees. The trust and coordination level among the workers within the organization is also compromised due to the fact that they are not satisfied with the environment of the workplace. As the workers leave the organization, the company had to spend more money, in the process of recruitment. Being one of the reputed automobile organizations, the Ford Company has like to implement effective methods of recruitment to select the best candidates. It is important to mention that due to shortage of skilled automobile engineers the company is not able bring about the innovation that is needed to maintain sustainability within the workplace. The autocratic style of leadership within the organization is regarded as one of the main cause of poor employee motivation as they are not able to take part in the crucial decision making process. From the survey that has been conducted with employees of Ford company, it is evident that most of the new workers are not able to properly communicate with the management regarding the issues within the workplace (Kuvaas et al.2016). It is important for the company to introduce motivational theories like the Maslow's Hierarchy of Needs that uses different levels of within the organizational structure to deal with the issues of poor environment within the workplace. Regular payment hike for the senior employees can also help them to maintain high level of motivation within the workplace (Anitha, and Begum 2016). Reference Anitha, J. and Begum, F.N., 2016. Role of organisational culture and employee commitment in employee retention. ASBM Journal of Management, 9(1), p.17. Corporate.ford.com. (2017). Sustainability Report 2016/17: Ford Motor Company. [online] Available at: https://corporate.ford.com/microsites/sustainability-report-2016-17/index.html [Accessed 27 Aug. 2017]. Kuvaas, B., Buch, R., Gagn, M., Dysvik, A. and Forest, J., 2016. Do you get what you pay for? Sales incentives and implications for motivation and changes in turnover intention and work effort. Motivation and Emotion, 40(5), pp.667-680.