Business Proposal-Business Solutions Essay Example | Topics and Well Written Essays - 1500 words

Business Proposal-Business Solutions - Essay Examplees at the company, evaluates the objectives essential in tackling this issue, and then puts forward various suggestions and propositions for the company that it can apply in order to cover the problem of losing its experienced and professional employees so soon and at a high rate. ProblemA high turnover rate among employees of a given company has a negative impact on the overall performance of the company. This is because employees are the best asset that any company may have, and as such, submissive in creating or developing a competitive advantage for the company over some other persistence players. However, a high rate in employee turnover means that the company loses at a truehearted rate its experienced and professional employees, sometimes to its competitors. This becomes a thorny issue as the company suffers a brain drain, as well as facing stiff competition from its competitors since the employees who leave the company to get married its competitors go with important company information and secrets that its competitors later use to drive it out of the market.On the other hand, it is imperative to note that the company also suffers from inefficiencies in performance that result from the high rate of employee turnover. For instance, a company may reduce its production or processing capacity because it lacks adequate employees to undertake these duties and responsibilities inwardly the company. This in turn reduces the overall output of the company, hence making it less competitive within the market, peculiarly because it can no longer meet its market demands or satisfy its customers appropriately. Similarly, the process of recruiting and training new-fashioned workers to fill in the vacancies created by the employees who left the organization is very costly and tiresome, especially considering that the company office have to undertake this process more frequently. The company loses vast resourc es in the recruitment and training sessions, as well as valuable time that would otherwise