Article Analysis Essay Example | Topics and Well Written Essays - 1000 words - 1

Article Analysis - Essay ExampleIt became apparent that retention consecrates inwardly the organization were abysmal with approximately 50% of new hires would not last 97 days inside the organization. Employee retention has signifi gitt associated costs, and a study by Cox/Frank for the U.S. Department of labor statistics estimated that in the supermarket context, employee turnover cuts into the industrys profit by approximately 40%. It was from this study that Angela Hornsby decided that some of the problems that plagued the supermarket industry were similar to that of T.G.I. FridaysThe expression then went on to identify problems with retention. Firstly it is the flake that many restaurants heighten on turnover and not retention. Salary is not the most common reason for somebody release an organization. It was postulated that employers who provide their employees with better direction lose only about half of their employees in 148 days as opposed to 86 days which marks a 72% difference in the grocery industry. furthermore it should be noted that retention drivers are different for management employees as opposed to hourly laborers. As such retention programs need to be tailored to meet the different needs of different employees.The article finally postulated that according to Teresa Siriani of the People report suggests that the restaurant industrys high turnover can be attributed to many factors and no one simple problem. She suggested that a shrinking labor pool, declining employment rate (in 2006) and more competition amongst other labor fields such as health care pass on continue to make retention difficult. It is only through continual innovations can a restaurant promise to achieve better employee retention and as such lower the associated costs.The challenges presented in this article are simple. It is the case that in the restaurant (And Supermarket) industry there is inherently a very high employee turnover rate. The elbow room that this af fects the food and beverage