Reduction of Turnover in Company Z

Abstract

Company turnover is a problem that affects profits for most companies around the US. The main causes of this problem are the lack of employee recognition, poor onboarding experience and employees not being compensated enough for their efforts. Surveys were administered to an insurance company’s employees for them to provide feedback and data to then be analyzed to make improvements. It was found that by upgrading recognition packages, frequently studying the market to ensure competitive pay/benefits are being offered, and by tailoring the onboarding process to promote employee connectivity and strong culture, employees feel valued and recognized, and therefore less likely to leave the company. Key Terms ⎯ Employee Retention, Employee Recognition, Onboarding Experience, Compensation.