Question: Please write IN OWN WORDS. word count = approximately 500 words. You recently joined a finance company as the HR director. CEO told you that

Please write IN OWN WORDS. word count = approximately 500 words.
You recently joined a finance company as the HR director. CEO told you that the company has been experiencing HR problems. Specifically, he thinks that the turnover rate is too high. Your CEO has been thoroughly impressed by what you described as the "scholarly practitioner approach your university has adopted in teaching. He too believes that an organization's management practice should be based on scientific evidence. He asked you to examine the issue and use scientific evidence to help you figure out what to do. You checked the numbers. Your company's hire rates are 40%, quit rate is 25%, and discharge rate is 20%. Following is some of the data for relevant industries. Hire rates Total separations rates Quit rates Layoff and discharge rates Other separations rates Construction 60.6 56.1 21.5 32.0 3.8 Manufacturing 25.7 25.5 13.3 10.0 2.6 Retail trade 58.1 56.2 35.0 15.5 5.7 Finance and insurance 26.3 24.5 13.5 6.9 4.1 21.0 7.2 2.6 Healthcare and social 34.2 30.8 assistance Accommodation & 74.4 72.1 food services State and local 17.5 16.9 Source: Bureau of Labor Statistics, "Job Openings and Labor Turnover Survey" Mar 17, 2016 (www.bls.gov/it/). 50.3 19.5 2.3 8.6 5.6 2.8 After checking with the industry average, you believe that the company does have a problem. You talked to others in the company and did some research. Your conclusion is that the company's performance, and even culture all ok. You believe to fix the issue; you need to focus on recruitment and selection. How do you plan to solve these issues through appropriate recruiting changes? Describe a comprehensive plan with guidelinesStep by Step Solution
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