Individual Project 5-7 pages
You have been hired as the new Chief Human Resource Officer (CHRO) at an S&P 500 company. As the CHRO, one of your primary roles is to be the workforce strategist. There has been a high voluntary turnover rate at this company and the CEO has directed you to develop a retention plan to resolve the high voluntary turnover rate. Write a 5-7 page research paper using APA style outlining a retention plan.
- The student compared and contrasted between voluntary turnover rate and involuntary turnover rate. Moreover, the student researched the financial impact that voluntary turnover rate has upon the organization.
- The student identified internal and external causes of voluntary turnover.
- The student discussed the correlation between job satisfaction and voluntary turnover rate.
- The student identified at least four different strategies for reducing voluntary turnover rate. Moreover, the student assessed the strengths and weaknesses of each strategy.
- The student applied correct APA, style, usage, grammar, and punctuation.
- The student supported the research paper with at least four different scholarly sources such as research journals, research studies, government or accredited
Discussion Board 3-4 paragraphs
Using your text, the course material, the AIU Library, and the Internet, complete the following tasks:
- Find a metric proposed or used by a company for measuring efficiency of human assets (cite your resources per APA guidelines).
- Compare and contrast the metric you found against those proposed in the text book. What are the pros and cons? Please explain.