A company is facing high employee turnover. Which management principle should be prioritized to address this issue?
Practice Questions
1 question
Q1
A company is facing high employee turnover. Which management principle should be prioritized to address this issue?
Stability of tenure
Authority and responsibility
Subordination of individual interests
Initiative
Stability of tenure is crucial for reducing turnover and fostering a committed workforce.
Questions & Step-by-step Solutions
1 item
Q
Q: A company is facing high employee turnover. Which management principle should be prioritized to address this issue?
Solution: Stability of tenure is crucial for reducing turnover and fostering a committed workforce.
Steps: 6
Step 1: Understand what employee turnover means. It refers to the rate at which employees leave a company and need to be replaced.
Step 2: Recognize that high turnover can be costly and disruptive for a company.
Step 3: Identify the management principle of 'stability of tenure.' This means keeping employees in their jobs for a longer time.
Step 4: Realize that when employees stay longer, they become more experienced and committed to the company.
Step 5: Focus on creating a work environment that encourages employees to stay, such as offering good benefits, career development, and a positive workplace culture.
Step 6: Implement strategies to improve job satisfaction and employee engagement to reduce turnover.
