Excerpt from Term Paper:

...... Retaining key employees is a number-one problem. A solution will mean more profitable and effective organizations, happier and more productive employees, and more satisfied client/customers. Losing employees also is expensive. Studies have found that the cost of replacing lost talent is 70 to 200 percent of each lost employee's annual salary. There are advertising and recruiting expenses, orientation and training of the new employee, decreased productivity until the new employee is up to speed, and loss of those customers, clients, or citizens who were loyal to the departing employee. Finding, recruiting, and training the best employees represent major investments. Once an organization has captured talented people, its best return on investment (ROI) requires closing the back door to prevent them from walking out(Jordan-Evans, 2001).
This company currently employees 150 people in various administrative and manufacturing positions. The company has been in operation for 15 years and until recently had enjoyed many long term employees. Within the past year the company has suffered a 20 percent loss of employees
SOLUTION
The first step that must be taken is a research study to determine the cause of exiting employees. This study will be conducted over a six month period. It will

Need this essay? If it's not quite what you're looking for there are over 50,000 more to search from, so you can find the term paper or essay that meets your needs.