1. Explain why an organisation needs to collect and record HR data. Reasons why organisations collect data To meet legal requirements: • Checking that each employee is eligible to work in the UK • Ensuring that the Company is complying with any governing body e.g. FCA • Making sure that processes such as grievances, disciplinary, maternity etc. are performed in the correct manner. To help make informed decisions: • Understanding whether the company needs to expand and what skills they will need • Looking at where redundancies might be made • Using benchmarking to make sure that employees are paid at a competitive rate To identify areas of growth: • Looking at demographics and understanding …show more content…
The data that I have analysed is the number of employees within the back office that have left since the 1st January 20011 and the reasons why they have left. During the last 3 years the back office have seen a number of changes and the below data shows the reasons why these changes have been made. I have also looked at how long each employee has been with the organisation. Purpose The purpose of this information is to understand why employees are leaving the organisation and if there is anything the organisation can do to increase retention. It will also help to understand how the recession has effected back office functions. What data might we collect and analyse • The date the employee left the organisation • The reason they left the company • How long they had been in employment • Which back office function they worked for How can this data inform decision making • If a large number of resignations are from one department, then it may mean that the manager needs more training and guidance from the HR department. • The organisation may change the way that they recruit new employees and look at the cost implications of replacing employees. • The job could be too stressful or have a negative effect on an employee’s health, if this is case then the organisation might take the decision to provide
After compiling all the information, from researching the topic of high turnover rates in a company to find what can be done to correct it in an effective manner. I have found that many areas of a company are affected and to what level of
Organisations are required to keep data to meet legislative and regulatory law, such as pay records to supply to HMRC for tax and NI contributions and records of training given to staff to confirm with Health and Safety Act and Fire regulations.
I am going to investigate the reasons why people are leaving the business within their first 12 months of employment , in a 2 year period we hired 32 people of those 32 , 19 left within their first 12 months which is 59% leaving us with only a 41% retention rate which is extremely concerning for the business
To ensure that all concerns / complaints are dealt with in accordance with the procedures.
During times of economic downturn, employees can feel susceptible. Employers may need to reduce contracted hours or change staff job roles to save money. This leads to staff feeling exposed and concerned about possible redundancy, which in turn effects how they relate to the organisation.
Currie, D (2010). Introduction to Human Resource Management. 2nd ed. London: Chartered Institute of Personnel Development. 293
* Restructuring - changes to the company's structure and the way they operate will have an effect on its workforce. Talent of its lack of will give a ground for recruitment drive from outside or within the company.
When an employee leaves the company of his or her own volition, it is called voluntary turnover. In this essay, I will discuss why voluntary turnover is a problem for many organisations and how to retain employees.
To ensure that all concerns / complaints are dealt with in accordance with the
There are a variety of reasons why an organisation needs to collect HR data, these could be to satisfy legal requirements, provide relevant information in decision making and for consultation requirement, recording contractual arrangements and agreements, keep contact details of employees, provide documentation in the event of a claim against the organisation.
Staff turnover – Promotions, retirement or even redundancy will impact on turnover and therefore create or remove positions.
All over the globe retaining employees is a most critical factor for the organisations. High employee turnover is more common in private sector as compared to public. In construction industry, to reduce employee turnover and to improve the productivity of an organisation, organisations have to be aware of the reasons why an employees quit the organisation?. Employee turnover can be explained as the expenses, in term of money, time, and quality of work, that an organisation bear while replacing an employee. If an organisation fails to satisfy the needs of its employees then it is obvious that the employees will look forward to fulfill their necessities. This chapter discuss the reasons why employees quit their jobs.
Workforce turnover is a complex and important issue amongst today's organisations. It is perhaps one of the most often cited cause of increased cost and decreased productivity. No wonder people management has become an important frontier to extract and create more value from company assets. On comprehending the articles, it has become evident that organisations have moved beyond the traditional approach of only investing in core business activities, to invest in employee retention strategies. Many organisations, for example St. George Bank