Instructions Imagine yourself as an HR manager of a mid-size IT-company located
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Imagine yourself as an HR manager of a mid-size IT-company located in California. The recent yearly HR report revealed some staggering statistics:
the yearly costs for hiring grew 30% as compared to previous year
the training costs grew by 20%, yet the HR evaluation also demonstrated 15% increase of number of “underperforming staff”
the turnover rate grew by 45% as compared to previous year and constitutes 20% as a company-wide statistics now
Please review the statistics and prepare a PPT presentation for the Board of Directors providing recommendations for cost-reduction. Your presentation should cover the following questions:
In your opinion, should the leadership team be concerned about these statistics or this is a normal trend considering the labor trends on IT market?
What additional information you might need to make an informed decision on this and why?
Which strategies for retaining talent would you recommend to reduce the costs?
Your PPT presentation should be at least 10 slides long, excluding the title page and reference list. Be sure to include detailed speaker’s notes to support the brief points presented on the slides. Use at least 3 additional sources other than reading materials to support your argumentation. References to the reading materials and/or additional sources must follow APA style.
The grading rubric, which represents the performance expectations for this assignment, is located below.
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