Resigning Employees and Knowledge Outflow - 1452 Words

Company knowledge - Resigning employees possibly will take valuable knowledge about the company past history, current projects and future plans sometimes to the competitors. Customer service - Business is usually done with a company because of the relationship the client has with an employee of the company. When this employee leaves, this relationship is severed thus leading to potential client loss. Turnover results in more turnovers - When an employee leaves, the mood in the office changes. This effect is felt throughout the organization. The other employees are required to make up for the loss. This might lead to more employees leaving the organization. Regaining efficiency - A lot of time is waste in selecting a new employee and training to replace an old employee. Considerable amount of time is lost while the new employee might take some time to get used to his new job. Goodwill - When turnover rates are low, goodwill is maintained. While, when the retention levels are high there is a possibility of attracting better talent into FedEx. Why employees leave – Except money, there are many other needs of employees that need to be satisfied for them to stay longer in the organization. Some of the reasons why employees resign are: †¢ Unexpected responsibilities – Generally, employees have an idea of what they want their tasks to be. In a situation where the responsibility is totally different from their expectations, they will feels de-motivated and eventually tends to leaveShow MoreRelatedEssay about â€Å"Utah Symphony and Utah Opera: a Merger Proposal†14805 Words   |  60 Pagesoperates on a shoestring. It is not practical for the union to be seeking increased compensation for their members whose salaries are higher than that of other symphony members elsewhere. The long-term solution is for symphony leadership, board, and employees to convince funders that the organization requires essential and sustainable funding in order to deliver their annual programs. In the short-term, Anne Ewers need to ensure that the interests of merged organization are served by having knowledgeableRead MoreEsop in India11494 Words   |  46 Pages1.Introduction Equity is being issued to Whole Time Directors, Officers and Employees of the Company through different stock-based plans. These plans are being offered to employees of a company, with a right but not a obligation, to buy or opt i.e., option to buy or opt a fixed number of shares of the company at a stated price during a specified period, often at a discount from the market price at the date of grant. The options under a plan vests over a period to an employee subject to fulfillmentRead MoreAnnual Report Rolls-Royce78484 Words   |  314 Pages4706930. rolls-royce group plc’s registered office is 65 Buckingham gate, london, Sw1e 6AT. Cautionary statement regarding forward-looking statements This Annual report has been prepared for the members of the company only. The company, its directors, employees or agents do not accept or assume responsibility to any other person in connection with this document and any such FInAncIAl STATemenTS Contents listed on page 83 responsibility or liability is expressly disclaimed. This Annual report containsRead MoreDecision Making and Relevant Information11767 Words   |  48 Pagesoperating costs are irrelevant because their amounts are common to both alternatives. 2. The net difference would be unaffected. Any number may be substituted for the original $20,000 figure without changing the final answer. Of course, the net cash outflows under both alternatives would be high. The Auto Wash manager really blundered. However, keeping the old equipment will increase the cost of the blunder to the cumulative tune of $8,000 over the next four years. 3. Book value is irrelevant in decisionsRead MoreCost Accounting Chapter 1113675 Words   |  55 Pagesother costs are irrelevant because their amounts are common to both alternatives. 2. The net difference would be unaffected. Any number may be substituted for the original $20,000 figure without changing the final answer. Of course, the net cash outflows under both alternatives would be high. The Auto Wash manager really blundered. However, keeping the old equipment will increase the cost of the blunder to the cumulative tune of $8,000 over the next four years. 3. Book value is irrelevant in decisions