Assignment 2.1 Justification Report

Justification ReportManaging the Employee Turnover Ratecenter850008549640January 17, 2015College NameStudent Name1000000January 17, 2015College NameStudent NameTable of Contents TOC \o "1-3" \h \z \u Executive Summary PAGEREF _Toc409228150 \h 11.Problem Statement: PAGEREF _Toc409228151 \h 12.Overview Of Alternatives PAGEREF _Toc409228152 \h 22.1.Solution 1: Middle management Empowerment PAGEREF _Toc409228153 \h 22.2.Solution 2: Collaboration and Training Portal PAGEREF _Toc409228154 \h 33.Criteria PAGEREF _Toc409228155 \h 44.Evaluation of the alternatives PAGEREF _Toc409228156 \h 4Table 3.1: Key Criteria to measure the alternatives PAGEREF _Toc409228157 \h 45.Methods PAGEREF _Toc409228158 \h 56.Recommendation PAGEREF _Toc409228159 \h 6References PAGEREF _Toc409228160 \h 7Executive SummaryThis document provides a justification of why higher turnover rate in the organization is a concern that needs to be addressed the earliest. The high employee turnover rate has a direct impact on company profitability. There are 2 alternative solutions that can stem the employee turnover rate. The first solution focuses on training and empowering the managers who are the faces of the company for the employees. And the other alternative solution focuses on building a