...Wal Mart A Proposal on How Wal-Mart Can Reduce High Employee Turnover Tiffanie Jenkins GM 591 Wal-Mart Stores, Inc. branded as Wal-Mart since 2008 and Wal-Mart before then, is an American public multinational corporation that runs chains of large discount department stores and warehouse stores. The company is the world's 18th largest public corporation, according to the Forbes Global 2000 list, and the largest public corporation when ranked by revenue. It is also the biggest private employer in the world with over 2 million employees. The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville, Arkansas. Wal-Mart is also the largest grocery retailer in the United States. In 2009, it generated 51% of its US$258 billion sales in the U.S. from grocery business. It also owns and operates the Sam's Club retail warehouses in North America. Wal-Mart has 8,500 stores in 15 countries, under 55 different names. The company operates under its own name in the United States, including the 50 states and Puerto Rico. Walton was extremely successful in running the store in Newport, far exceeding expectations. However, when the lease came up for renewal, Walton could neither come to agreement on the existing store's lease renewal nor find a new location in Newport. Instead, he opened a new Ben Franklin franchise in Bentonville, Arkansas, but called it "Walton's Five...
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...November 12th, 2011 SUBJECT: Decreasing the Turnover Rate within the Workplace Attached you will find my proposal for the type of employment policies that may be more effective and should be implemented in order to decrease the companies’ turnover rate. This proposal will address the length of service of an employee and why it may affect the decisions for a reduction within the workplace in a non-union organization. Discussed is why management should consider in gender, race, age, and other “protected class” designations when making reductions within the place. The role of ethics and values is conversed. This proposal will conclude with recommendations to the key decision maker about employment policies that should be implemented. As a Financial Analyst for Diversified Investment Advisors, I find that there is an extremely high employment turnover rate. That is, employees are always getting hired than laid off and or fired almost like clockwork, then rehired and laid off again. I do not understand the effectiveness and rationale for such a method. I also notice the number of complaints, lawsuits, and overall issues surrounding this mythology. I would like to formulate recommendations to key decision makers about the type of employment policies that may be more effective and should be implemented. However, in order to apply the most appropriate turnover reduction strategies, management must first determine the cause of turnover behavior. To facilitate this, management needs...
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...Course - GM 591 Leadership and Organizational Behavior Course Project Outline What factors are causing a high rate of contractor’s turnover and how does job satisfaction play into the amount of time a contractor will stay on the project? Submitted October 16, 2011 Introduction The organization I will be addressing in this paper is CACI, Inc. CACI is a professional services and information technology (IT) company headquartered in Arlington, Virginia. These services included intelligence analysis, background investigations, screening, interrogation, property management and recordkeeping, installation of computer systems, software and hardware. CACI was founded by Herb Kerr and Harry Markowitz in 1962. Today, even in a period of economic uncertainty, CACI’s fiscal performance remains outstanding. In 2010 CACI announced record revenues of $3.15 billion and now fields a force of 14,100 employees across more than 123 offices around the world. In the contracting job environment, contractors are not expected to work for more than one to three years for the same company. Why is it? Unlike an employee who works for one employer, contractors typically work tackling particular jobs or projects that require special expertise and then seem to move on. I work as a senior intelligence analyst, independent contractor, for CACI for the past two and one-half years. The project I am assigned to as one of the Teams...
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...Earle (2003) observes that workers today are demanding more from their employers than they ever have in the past, not just in terms of salaries and perks, but also in terms of the work experience itself and the cultural context in which it occurs. Many companies are finding that providing a productive, flexible and dynamic work environment can be a critical asset in attracting and retaining valuable employees. The hotel industry experiences high turnover if compared against a benchmark of Best Practice Forum's Benchmark Index of 26.5% by Horwath Consulting. Caterersearch, (2009) first benchmarking exercise reported an average annual staff turnover of 33.4%. That compared with an average of just over 26% on the Best Practice Forum's Benchmark Index, which surveys 2,000 hospitality businesses is relatively high. Gautam (2005) states that world wide research has suggested that employee turnover is among the highest in the hospitality industry. Studies by American Hotel and Motel Association (2001) have shown that the average turnover level; among non- management hotel employees in the US is about 50% and about 25% for management staff. Estimates of average annual...
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...Baylor HealthCare System: Efforts in Reducing Turnover Rate Background Baylor Health Care System is one of the premier health care systems in the United States. Located in north Texas, U.S., Baylor employs approximately 16,000 people who serve more than 110,000 patients annually in 12 hospitals and 85 clinics. For 103 years Baylor has not only provided quality healthcare, but has been a major contributor to the community by supporting programs through the Dallas Chamber of Commerce, The United Way, The American Heart Association, and Habitat for Humanity. In 2003, the company launched a new human resources initiative. Their goal was to improve relationships between employees and managers in an effort to reduce employee turnover and make Baylor Health Care System a workplace of choice. In order to do this, the human resource team knew they needed to revamp their leadership training curriculum. They conducted a needs assessment with the key leaders and contributors within the organization to determine the skills and behaviors which had to be changed in order to achieve their goal. Intervention “We didn’t want a canned training program. We wanted one that was customized to Baylor’s needs that integrated with other training and HR systems in our organization,” said Phyllis Wright, Director of Training and Organizational Development for Baylor Health Care System. “Our goal is to have all of our HR systems integrated so we hire and train leaders based on the behaviors and...
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...FINAL RESEARCH ESSAY: INVESTIGATING HIGH TURNOVER RATES WITHIN THE HOSPITALITY INDUSTRY The hospitality industry is a category of the service industry which offers a product-service mix to guests, including lodging accommodation, food service operations, event planning, visitor attractions, transportation and cruise lines and other operations aimed at hosting or catering to guest needs. While the hospitality industry provides immense benefits to worldwide economy, lifestyle and culture, researchers suggest that the hospitality industry suffers from negative effects associated with turnover rates as this industry is amongst the highest in employee turnover rates. (Lewis, 2012). The high employee turnover in the hospitality industry is believed to be due to the nature of the work, lack of job satisfaction and lack of motivators delivered to employees by employers or organizations (Carver, 2011). While the industry struggles to establish to understand employees and keep them satisfied with their jobs, understanding the industry in necessary in understand the behavior of employees. The exceptionally high turnover rate in the hospitality industry is approximately 20 times the national average for the Unites States of America in employee turnover. The hospitality industry turnover rate sits over 60 percent while the United States of America has an average 3-percent rate in annual turnover of employers, within all industry, excluding hospitality. (Lewis, 2012). One of the...
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...The Relationship Between Job Satisfaction and Employee Turnover Rate Introduction Adelphoi Village is a private, non- profit company that provide community based services to children and adolescents in the Pennsylvania, Delaware, Maryland and West Virginia area. Adelphoi Village provides programs and services that strive to guide each youth on a path that will provide meaning, purpose and value in his/her life. Founded in 1971, Adelphoi Village has expanded to serve over 800 youth in 60 different counties. Adelphoi Village conduct several different services which includes, group homes, foster/adoptive services, charter school, multisystemic therapy, education services, diagnostic, in-home services, specialized independent living, secure care, mental health programs and other services that overlap to form a complete continuum of care for children, youth, and families. One of the departments under Adelphoi Village’s umbrella is its Multisystemic Therapy (MST) program. The MST program provides intensive in- home family therapy to youth who are involved with Department of Juvenile Justice or Child Protective Services. The MST therapist strive to empower the parents with the skills and resources needed to become independent in addressing the difficulties that arise in raising adolescents, and to assist the youth in developing life-long coping skills. In the MST program families receive in home therapy 2 to 3 times a week for two hours each session. The therapist carries a...
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...Machiavelli’s Advice to Princes on Gaining and Keeping Power in his ‘The Prince’ Machiavelli collected The Prince as a realistic show for decree. This target is apparent from the very start, the devotion of the volume to Lorenzo de’ Medici, the leader of Florence. This book is not mainly hypothetical or conceptual; its writing style is straightforward and its reason simple. This personality highlights Machiavelli’s wish to offer realistic, effortlessly comprehensible advice. All princes have to build on tough foundations. The two crucial components of a tough state are excellent laws and excellent armies. Excellent regulations cannot be real without excellent armies. The existence of an excellent military, on the other hand, indicates the existence of excellent laws. In addition to luck and competency, unlawful acts or the support of his fellow people can make possible a man’s rise to authority. Those who get into authority by sin kill fellow populace and become untrustworthy to friends. They are “traitorous, merciless, and earthly.” Princes who entrust unlawful acts can realize power, but not at all magnificence. Syracuse’s King Agathocles is for instance a man who came to domination through offense. Agathocles was a normal occupant who joined the equipped military, rose to a most important status in the militia, and after that he brought together a gathering of the governing body at which he structured his men to murder all the senators and to fit him in authority. Agathocles’...
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...Business Analysis: Haefren Baum “Show Me The Money” Christy Lopez Johnathan Putmon Harikrishna Patel Nikhil Dargani Darrell Springer Rayhaan Malik Financial Analysis and Introduction to Loan Structuring Professor Hadiye Aslan February 16, 2016 Name of the Business Haefren Baun Nature of the Business Haefren Baun is a retailer of furniture located in Germany. They have been purchasing furniture from the furniture manufacturing company, Wiegandt, which manufactures high-quality furniture. The retailer was once a partnership that was established in 1965, but later became incorporated in 1970. They have been purchasing furniture from Wiegandt since 1968. The company began operations in downtown Cologne but later expanded to three additional outlets in Rhineland. Marketing Analysis Haefren Baun’s product is high-quality furniture, where the company is focused on the German market. Business was booming until 1993, which then turned to a bust due to consumer confidence slipping. This leads to a decrease in demand for furniture, causing the demand cycle to experience a downward trend. The decrease in demand can be derived from the fact that the economy had declined by 1.2%. By the end of 1993, the sales figures were DM 18,647. The sales had decreased by approximately 19% from 1993 to 1994. Sales were on a steep decline and to entice customers, Haefren Baun had to lower their prices on the furniture. The reasoning behind this was also to maintain the sales volume. In...
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...University of Phoenix Material Definitions Define the following terms using your text or other resources. Cite all resources consistent with APA guidelines. |Term |Definition |Resource you used | |Time value of money |The idea that money available at the present time is worth more |Time value of money TVM. (2014). Retrieved | | |than the same amount in the future due to its potential earning |from | | |capacity. This core principle of finance holds that, provided |http://www.investopedia.com/terms/t/timevalueo| | |money can earn interest, any amount of money is worth more the |fmoney.asp | | |sooner it is received. | | |Efficient market |An efficient market is a market in which all the available |Titman, S., Keown, A., & Martin, J. (2014). | | |information is fully incorporated |getting started principals of finance. | | |into securities prices, and the returns investors will earn on |Finanical Managment, principles and | | |their investments cannot be predicted...
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...MEMORANDUM TO: The Human Resources Department of the Marion County Sheriff’s Department FROM: Kelly Powell-Duffner, Former Sheriff’s Deputy DATE: 01/08/2012 SUBJECT: High Turnover Rate within the Department and a Proposal to Correct this Issue Attached is my research as to why the turnover rate has risen so much over the last eighteen months within the Marion County Sheriff’s Department as well a proposal that could possibly prevent this trend from continuing. It has become apparent that there must be a problem within the department due to turnover rates rising despite the current economy downturn. When jobs are harder to come by and the unemployment rate is high one would think that movement in many fields would be at a minimum. Unfortunately, it has been shown to be the opposite in many law enforcement fields and job turnover is exploding for many reasons. Some of these reasons include poor morale, the ability to easily replace people due to the available unemployed workforce, ill treatment on the job, job politics, career dissatisfaction, the increase in prices for everyday items such as gas and groceries that require a higher paying job to afford and finally the workforce being more of child rearing ages and requiring jobs with better benefits to provide for their families. This research topic greatly attracted me due to my own personal experiences as a police officer. In my experiences as police officer, I encountered all of these issues and ultimately decided to...
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...Cardinal Health, Inc. Financial Analysis XXXXX XXXXXXX TABLE OF CONTENTS Page no. EXECUTIVE SUMMARY 3 INTRODUCTION 5 FINANCIAL ANALYSIS 6 I. Liquidity Ratios 6 A. Working Capital B. Current Ratio C. Inventory Turnover D. Days in Inventory E. Receivable Turnover F. Average Collection Period II. Solvency Ratios 9 A. Debt to Total Assets Ratio B. Times Interest Earned Ratio III. Profitability Ratios 11 A. Earnings Per Share B. Gross Profit Rate C. Profit Margin Ratio D. Return on Assets Ratio E. Asset Turnover Ratio APPENDICES 15 REFERENCES 17 EXECUTIVE SUMMARY XXXXX will attempt to analyze the efficiency and profitability of Cardinal Health, Inc. by conducting an examination of a series of financial ratios for the past three years. This analysis will include a comparison of Cardinal Health’s chief competitor, McKesson Corporation. XXXXX exploration of the financial performance of both companies will be accomplished by evaluating their liquidity, solvency, profitability ratios. It is through a careful analysis of these ratios that should determine Cardinal Health’s overall value to investors Liquidity Ratios: Capital Health’s sizable Working Capital of $3.3 Billion in 2012 should help it to meet its short-term obligations in the event that it should need to liquefy its assets. Cardinal Health’s increase in Working Capital from 2011 to 2012 can be seen as a sign...
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...strategy (Chapt 5) is Costco pursuing. Explain your choice. Companies that target one or a few segments and try to be the low cost player in that segment are perusing a focus-low cost strategy. Such companies tend to produce a more basic offering that is relatively inexpensive to produce and deliver. This helps to drive down their cost structures. Costco sells a limited range of merchandise in large warehouse type stores. A Costco store has about 3,750 SKU’s compared to the average 124K SKU’s at an average Walmart supercenter. Costco offers consumers the ability to make bulk purchases of basic goods like dog food and breakfast cereal at lower prices than found elsewhere. As of 2011, Costco maintains the number 1 spot in industry inventory turnover ratio, and number 3 in the retail sector. Thus, we can conclude that Costco definitely does a good job tailoring its products to the needs of the segment and, in doing so, is able to successfully undercut the cost structure Walmart achieves with their colossal economies of scale. 2. Describe four functional-level strategies that Costco has implemented to support their business level strategy. Label the function (marketing, production, R&D, etc - see Chapt 4) under which the strategy falls. Human Resources Strategy - Costco pays their employees substantially more than what other competitors in industry as well as the sector pay. Along those same lines Costco offers better health insurance and pays more on the premiums than its competitors...
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...Running head: FINISH LINE FINSH LINE: Case Study Octavia A. Rice Webster University BUSN 6110 Finish Line How important is it to have a mix of products? When shoes slack off during the winter, the apparel business picks up. What are the implications of seasonal products? What problems does this create for The Finish Line? A product mix is an important consideration for any firm. It offers the ability to expand your customer base by offering more products in more niches. Seasonality has implications for everyday pricing, assortment, space management, and inventory management on a day-to-day basis, and should play a strong part in influencing business decisions. Because shoes make up about 70 percent of Finish Line’s business, the off seasons are difficult due to limited product mix. Spread of risk. Given the way the buying takes place for the shoe products, who is taking the most risk? Is it the manufacturer or the buyer? The buyer is the one taking the most risk. Even though it only takes two to three months for the company to actually produce the product, the normal lead-time quoted by a company like Nike or Reebok is six months. From the many choices presented, the buyer is faced with the difficult problem of anticipating what will be hot six to twelve months into the future. Imagine how difficult it is to anticipate the success of a Jordan...
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...Google Inc. Company Analysis Paper FINA 3301 Wenxin Nie Introduction of Google Inc. Google Inc. is an American multinational corporation and specializing in internet-related services and products. It is in the leading status in the industry and covers almost 70% of market share compared to other searching engine. Google’s major competitors in the industry of Internet information providers are Yahoo and Facebook; as well as two Chinese corporation Baidu.com and Tencent.. In this case, I would discuss the competitors of Yahoo and Facebook in the following ratio analysis. Google Inc. is well known as an internet base searching engine, it also provides an integrated package of content and services, such as news, e-mails, instant messaging, maps, calendars, music downloads, video streaming and more, all in one place in Google. For the type of Google corporation, it generate revenue primarily by attracting very large audiences, charging advertisers for advertising placement, collecting referral fees for steering customers to other sites, and charging for premium service. The online advertising service has evolved into a primary source of revenue of Google. Furthermore, on August 15, 2011, Google announced an agreement to acquire Motorola Mobility, which is a leading company in the industry on mobile innovation and development. The acquisition of Motorola Mobility enables Google into a higher level of technology innovation development as well as generates more revenue and...
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