Part of Lesson Plan: Human Resource and Employee Retention Techniques that Benefit Small Business Success
Activity Overview / Details
According to an Internet article by Gregory P. Smith, surveys show one out of every three people plan on quitting their jobs this year. Employee turnover is having a catastrophic impact on many businesses and industries across the country. The greatest risk employers face is losing their best and brightest. Many business owners believe that their number one asset is their employees.
Some day you may be a supervisor or business owner; according to Gregory Smith, the average cost to recruit and train one employee is estimated at 2.5 times an employee’s salary.
Students are to research and create a 5-8 slide PowerPoint presentation illustrating one well-known company and its strategies for retaining quality employees. Final slide of the presentation should contain synthesis of retention strategies of the company.
Suggested companies are:
· Kohl’s Department Store
· Lowes Home Improvement
· Mary K Cosmetics
· Old Navy Clothing Store
· Monitor for participation
· Remind students of required elements for evaluation
· Provide spot-check support
· Provide defined timeline for completed activity
· Maintain focus on research activity
· Follow 5-8 slide instruction with final slide synthesis of gathered information
Refer to written notes taken from lecture