Employee turnover in the hospitality industry averages 400% annually. This means that, on average, 100% of the staff of a restaurant, hotel, airline, cruise ship, etc. is replaced four (4) times per year. There has been extensive research on employee turnover and employee job satisfaction. Using the Internet select one (1) hospitality industry type such as fast-food restaurants, luxury hotels, specialty hotels, or any other type of hospitality interest and identify the main problems associated with that industry and employee turnover. Suggest ways and methods to address the high turnover rate.

1. Describe the type of hospitality industry and its main categories of employees.

2. Summarize three (3) primary reasons that turnover is so high in this industry.

3. Recommend one (1) method to address each of the three (3) primary reasons that turnover is so high in this industry.

4. Recommend one (1) method to improve job satisfaction in general for this industry.

5. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.

Include reference page.

employee Turnover
As the new HR manager of a jewelry company, you have put together some preliminary reports for the CEO. One of the reports you compiled focuses on employee turnover. The jewelry company is an organization with aggressive expansion goals. In the last 2 years, the company has continually hired new employees, yet it has not achieved the staffing levels it desired. The company knew that some employees had left the organization, but turnover rates have not been formally tracked.

After your preliminary fact-finding, you were surprised to discover that the turnover rate for the past year was 38%. You know the CEO will not be pleased with this turnover rate, and you have made the decision to prepare yourself more before presenting the report to the CEO. Turnover presents a significant cost for an organization, so you recognize that this will be an opportunity for you to demonstrate how you can partner with the executive team to turn this situation around and help the company be more competitive. Prepare a short presentation for the CEO on the situation and possible reasons as to why employees are leaving at such a high rate.

As you are preparing your presentation, consider the following:
•In detail, discuss several of the reasons why employees tend to leave organizations.
•You plan to present the financial impact to the CEO to get a real sense of the significance of the situation. What factors will you consider in preparing this financial estimate? For this assignment, you are not required to determine the actual dollar figure, but instead, you are to consider what would contribute to the cost of turnover.
•Being proactive, what measures can be taken to assess the morale of current employees, and how likely they are to leave or stay?
•What process do you recommend for partnering with the management team to reduce turnover in the upcoming years?
•As you consider your role, how will you position this to the CEO to demonstrate the value you can bring to addressing this problem?
Included speaker notes of 200 words for each slide .

employee Turnover
As the new HR manager of a jewelry company, you have put together some preliminary reports for the CEO. One of the reports you compiled focuses on employee turnover. The jewelry company is an organization with aggressive expansion goals. In the last 2 years, the company has continually hired new employees, yet it has not achieved the staffing levels it desired. The company knew that some employees had left the organization, but turnover rates have not been formally tracked.

After your preliminary fact-finding, you were surprised to discover that the turnover rate for the past year was 38%. You know the CEO will not be pleased with this turnover rate, and you have made the decision to prepare yourself more before presenting the report to the CEO. Turnover presents a significant cost for an organization, so you recognize that this will be an opportunity for you to demonstrate how you can partner with the executive team to turn this situation around and help the company be more competitive. Prepare a short presentation for the CEO on the situation and possible reasons as to why employees are leaving at such a high rate.

As you are preparing your presentation, consider the following:
•In detail, discuss several of the reasons why employees tend to leave organizations.
•You plan to present the financial impact to the CEO to get a real sense of the significance of the situation. What factors will you consider in preparing this financial estimate? For this assignment, you are not required to determine the actual dollar figure, but instead, you are to consider what would contribute to the cost of turnover.
•Being proactive, what measures can be taken to assess the morale of current employees, and how likely they are to leave or stay?
•What process do you recommend for partnering with the management team to reduce turnover in the upcoming years?
•As you consider your role, how will you position this to the CEO to demonstrate the value you can bring to addressing this problem?
Included speaker notes of 200 words for each slide .