Human Resource Leadership - Worker Retention Programs Essay

Target is one of the largest retailers in the United States. Target wants to be able to give guests better quality products for a cheaper price. They also want to be the one stop shop. Target relies on their team members to keep

Target Corporation is the second largest retailer and mass merchandiser. It`s an American Company which provide everyday essentials and fashionable merchandise

We can see from the data that regardless of the role, retention is costly. Therefore maintaining a strong stable workforce, while reducing employee turnover is vital to the success of the

Wal-Mart and Target are both discount BIG BOX retailers which have made the most of their strengths and have drawn upon the differences in their customer bases, product mix and business strategy. Even though both

Target sells a wide variety of general merchandise and food through the store and with the use modern technology. Target’s

Retaining employees is one way the turnover rate can decrease, Branham (2000), focuses on retaining valuable employees by incorporating four key elements. The first key elements is, “be a company that people want to work for”. There are many companies that have been labeled as, “employers of choice”. These employers all have something in common, which is how they value their employers (Branham, 2000). They treat their employees with respect and like family. With being an “employer of choice,” people are the most valuable asset; not just customers but employees too. Many companies go above and beyond for their customers, but not for their employees, yet they wonder why they are losing valuable talent.

In this paper Team C has discussed the issue of poor employee retention concluding in a high employee turnover rate. This is an issue that can be common among some companies and that is a great example of

Riordan's annual employee satisfaction survey results indicated a strong trend of employees possibly leaving for another company offering 10% more money. The survey in 2001/02 results was the complete opposite of the 2003/04 results which indicates a downward trend; leading towards a retention issue. An opportunity Riordan can consider is identifying components of effective retention initiatives. Riordan can develop and implement many retention and career development processes starting with various pay types; Merit, Lump Sum, Commissions, Individual Incentives, Stock Options. The effectiveness of these retention options are determined by interpersonal intelligence gathered during interviews and surveys (Dreher.G & Dougherty, T . 2001)

The retention of employees basically refers to different procedures and practices that help retain employee for a much longer period of time. The following issues should be taken under consideration if they want their employees retained for a longer time period: management, communication, salaries, decision making, perks, career development, recruitment, understanding and appreciation (Belanger and Caron, 2005).

Target Corp. is a well-known, nation-wide corporation that will soon been expanding internationally. Target’s goal is to provide exceptional quality merchandise and fresh foods for affordable prices. Their “Expect more. Pay less.” slogan goes far beyond just purchasing in store and online. Target provides exceptional service to their customers, whom they call “guests”, and provides benefits such as quarterly dividends to their stockholders. In the fiscal year, 2010, Target opened 13 new stores and of these new stores, 10 were in new locations. It is Target’s goal to create a convenient shopping experience across the U.S. In addition, Target Corp also supports strong corporate governance.

As mentioned above, Target competes in the retail sector, which makes the operating risks of

Target Corporation start to expanding nationwide during the 1980s until now and it established itself as the second- largest discount retailer in the United States. It operates in 1802 locations around the United States competing strongly with Walmart.

There is a growing understanding you will have to put through as there is more of a charm which people undertake as a reason which has made it considered what approach should be there in many circumstances. It is with a hardworking and dedicated staff that Target has emerged in a long list of stores that compete in a swiftly driven economy that the US has currently.

Target corporation is known as the second largest discount retailer in America. It was established by George Dayton and headquartered in Minneapolis, Minnesota, the company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton 's Dry Goods Company in 1903 and later the Dayton Company in 1910. Target Corp. is one of the biggest retailers in the country with 1,699 stores.

a good employer. Hence the employee retention rate is very low. The purpose of this report is to propose a