Turnover Case Study: Bubba Gump Shrimp Company

Critical Thinking Assignment – Turnover Case Study On average it is estimated that the turnover rate for an organization is roughly 16.8% yearly which does fluctuate from year to year (Aamodt, 2014). Maintaining a good and motivated team is vital to the success of an organization. High employee turnover rate increases expenses for an organization, can impact morale, and can have a negative impact of the reputation of the company. It is the responsibility of an organization to maintain their turnover ratio, therefore, maintaining their key performers (Aruna & Anitha, 2015). For organizations to maintain a lower turnover rate, it is encouraged that organizations implement a strategy for employee retention in order to reduce turnover for both management and non-managerial position.
Strategy for Reducing Management Turnover
In the case study regarding Bubba Gump Shrimp Company, where the company has shown to be successful, as in 2006 they were recognized as Best Company to work for in Orange County. The company contributes their success to the low turnover of 16%. For organizations, the turnover rate is important and in some …show more content…
Implementing an employee retention program is an effective way of ensuring star or key performers remain employed while maintaining their job performance. To maintain a low turnover rate, it would start with the pre-employment selection. An organization must ensure they are hiring the best candidate, just not the most qualified candidate. Organizations need to ensure the candidate is a right fit for the organization and the department being hired into. In order to maintain job satisfaction an organization must offer job satisfaction through growth and challenge opportunities as well as having competitive compensation and benefit packages that are appealing and flexible to