Millennials' Engagement and Retention
Redesigning a Human Resources Performance Evaluation
As our organization grows, it is important to stay up to date with the industryโs evolving human resources practices to manage our employees effectively. In this project, students will design a preliminary model of a new performance evaluation system that emphasizes our company goals, and draws a focus to our main challenges that staff are facing. Tasks include: Speaking to current employees and management to determine the needs and challenges of our organization for a performance management system. Researching performance management options that may suit the needs of our team, focusing on measurability and reliability. Establishing a rollout plan that outlines how our organization will transition to using a new performance management system. Using a weighted decision matrix to decide on a method based on factors such as efficiency, user-friendliness, measurability, reliability, and cost- effectiveness.
Reducing Employee Turnover
In recent years, managers of our company have observed a decrease in the life cycle of our employees. Previously, individuals progressed through one or more roles within the organization over 2-5 years before leaving and moving onto new organizations. However, we are unable to pinpoint the exact reason for this. Tasks include: Conducting research on current human resources and workforce trends to determine common reasons people are leaving their jobs today. Formulate (number) strategies to reduce turnover in the company based on the common reasons for turnover that were found in the research stage. Decide on the best strategy based on its predicted effectiveness, cost effectiveness, and the logistics of putting the strategy in action. Students will create a report detailing their research findings, as well as an implementation plan for each strategy they explored.