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Employee Retention Strategies

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Questions and Answers

What is a key factor in retaining employees, according to one expert?

Meaningful work and ownership of goals
The company's care for their development and progress (correct)
High-performance work system practices
Flexible work arrangements and telecommuting

What is essential for employees to perform their jobs effectively?

Flexible work arrangements and telecommuting
Clear expectations and responsibilities (correct)
High-performance work system practices
Promotion opportunities and high relative pay

What did a survey by Robert Half and careerbuilder.com identify as a top benefit for employees?

High-performance work system practices
Promotion opportunities and high relative pay
Meaningful work and ownership of goals
Flexible work arrangements and telecommuting (correct)

What is the result of using high-performance HR practices, according to a study?

Significantly lower rates of quits, dismissals, and total turnover (A) Signup and view all the answers

How does Alliant Techsystems Inc. utilize data analytics?

To create a flight-risk model to identify potential leavers (A) Signup and view all the answers

What is a potential retention strategy, according to the text?

Making a counteroffer to a valued employee (C) Signup and view all the answers

What is the primary reason why employees quit, according to the text?

Low pay (B) Signup and view all the answers

What is the purpose of conducting exit interviews, according to the text?

To identify turnover problem areas (C) Signup and view all the answers

What is the first step in a comprehensive approach to retaining employees, according to the text?

Identifying the issues (B) Signup and view all the answers

What is the primary goal of employee retention strategies, according to the text?

To reduce turnover and improve performance (C) Signup and view all the answers

Who should be involved in the selection process, according to the text?

The right supervisors and workers (D) Signup and view all the answers

What is the significance of employee engagement, according to the text?

It is critical to employee retention and motivation (C) Signup and view all the answers

What is the primary purpose of conducting exit interviews?

To gain insights into turnover problem areas (C) Signup and view all the answers

Which of the following is an example of job withdrawal?

Arriving late to work or leaving early (D) Signup and view all the answers

What is the primary focus of career management in terms of promotion?

Advancement to a position of increased responsibility (A) Signup and view all the answers

Which of the following is a ground for dismissal?

Lack of qualifications for the job (D) Signup and view all the answers

What is the primary goal of managing employee transfers?

To reassign employees to similar positions in other parts of the firm (A) Signup and view all the answers

What is the term for the involuntary termination of an employee's employment with the firm?

Dismissal (D) Signup and view all the answers

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