Introduction of Employee Retention Programs

Introduction of Employee Retention Programs

INTRODUCTION OF EMPLOYEE RETENTION PROGRAMS

WINSLOW GEORGIA

Prepared for:
ABC Company

Prepared by:
xxx

Date

12 Peachtree Street
Atlanta GA 30565
(505) 555-5842
Blah Blah Project 110-12
August 11, 2013
Human Resources Department
Atlanta Georgia 30000
Attention: Joe Smith VP of ABC Company

INTRODUCTION OF EMPLOYEE RETENTION PROGRAMS
WINSLOW GEORGIA

High employee turnover rate decreases the company’s efficiency and carries a high price tag. All of the company funds spent on employee’s training are lost when the employee resigns. Moreover, further spending is generated in order to advertise the vacancy and training for new employees. The purpose of this document is to present new methods on retaining employees to help the company alleviate the cost attributed to high turnover rates.
This report introduces new programs that present opportunities to lower high employee turnover rate and therefore helps the company cut down overspending from job advertisements and employee training. The document will present how positive orientation programs, competitive compensation packages, job specific training including leadership training will contribute to lowering the employee turnover rate.
Thank you for the opportunity for allowing me to be part of this program and I look forward to our company succeeding from these programs.

Sincerely,

Jose Baca
VP Human Resources
Contents
List of Illustrations …………………………………………………………… 4
Executive Summary ………………………………………………………….. 5
Introduction …………………………………………………………………... 6
Project Description …………………………………………………………… 7
Proposal Scope ………………………………………………………………... 7
Impact of Positive Orientation ………………………………………………. 8
Types of Compensation Packages …………………………………………… 8
Job Training ………………………………………………………………….. 9
Conclusion ……………………………………………………………………. 10
Recommendations …………………………………………………………… 10
References ……………………………………………………………………. 12

Illustrations
Figures
Retention Model...

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