What interventions would you make to reduce management turnover? How would these

Question

What interventions would you make to reduce management turnover?

How would these interventions be different if you were trying to reduce nonmanagerial turnover?

Following the success of the mot ion picture Forrest Gump, Bubba Gump Shrimp company opened its first restaurant in 1996. Today, they have grown to over 30 locations. The importance of employee relations at the restaurant chain is demonstrated by awards such as the 2005 nations restaurant news NRAEF spirit reward for excellence in hiring, training, retaining and developing employees. The company specializes in shrimp but also has items such as fish, ribs, mahimahi. Each restaurant also contains a store in which customers can purchase forrest gump souvenirs as well as seafood to prepare at home.

In addition to traditional benefits, the kitchen staff receive a free meal each day and all employees get 50% off meals for themselves and up to three guests when they are not working. Managers receive two weeks of vacation to start and four weeks after 10 years. They are a part of a bonus program that allows them to earn up to 200% of their potential. The company uses salary surveys to ensure that their pay and bonus is competitive.

The president of bubba gump believes that one of the secrets t0 success is to have minimal management turnover. In fact, his focus on turnover has been so successful that he has not had a general manager leave in 3 years and he has decreased management turnover from 36% to 16% in two years.

Explanation / Answer

Management turnover is below the most effective parts of any organisation as it is the base of all the managerial process is going inside an organisation. Better management of the organisation ensures better compatibility with the market as well as the extended market position which could be very beneficial for reducing the overall turnover.
For reducing the overall management turnover rate technological advancement should be applied to the organisation in which electronic record systems which specifically record the analysis as well as availability of different approaches done by the employee inside the organization. I would definitely provide a better analysis of the over working structure as well as compatibility of the organisation. Better understanding of the statistics involved in the organisation as well as proper management of this specific criterions would enable an organisation to reduce the overall management turnover rate which would be very beneficial in providing support to the overall organisational structure.
Approach is to appoint new innovations in technology for implementing a better management of the employment inside the organisation as well as to create a better opportunity for the employees to work ethically towards the organisation and to improve the overall working processes by implementing different changes. This would definitely affect the overall management and over ratio and help in reducing it.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.