HTH 503 Lecture Notes - Lecture 11: Layoff, Employee Engagement, Job Satisfaction

• School: Ryerson University
• Department: Hospitality and Tourism Management
• Course: HTH 503
• Professor: amritabhalla

Document Summary

The importance of managing employee separations: role of hrm: overlooked in managing employer engagement & communication during employee separation. Industry: construction & consumer services highest; public services lowest. Cost of turnover: direct costs: easier to estimate, more visible; indirect cost: overlooked, still considerable. Voluntary turnover: employee-initiated termination of employment (quit, retirement/ resignation) Quitting: voluntary, employee-initiated resignation (based on work-related factors/ non-work-related factor) Perceived job alternatives & high labour demands influence employee"s perception of ease of employment in other org. Globalization, technological advancement & market pressures: increase turbulent economy & large-scale labour mobility become norm which decline job tenure & job stability: retirement. At 65 age, replace older & often more expensive workers w/ younger & lea costly labour. Governments provide financial support for people reach" retirement age" to prevent poverty. Offer retires on call": program where retirees continue to work on part-time/ as needed basis post-retirement. Offer phased retirement": potential retirees reduce no of hours worked/ week over time.