ABADAY, ARVIEN

ACOSTA, KIMH CLOUIE A.

ALDAY, ALYSSA F.
AMBON, JESTER F.
ANTHONY, GAGE ALLE
BSBA- FINMGT 1102

ASSESSMENT 2.1

 Explain the sentence "CHURNING STREAMLINES THE ECONOMY AND CREATE EFFICIENCY BY
ELIMINATING WEAK COMPETITORS AND STRENGHENING THE MOST COMPETITIVE FIRMS".
Churning streamlines the economy and create efficiency is meant by voluntary closure
of businesses that are not gaining profit to give God opportunity for businesses that are
booming. Also, it gives opportunity to an employee to select firms that they are suited to work
for. In this situation, the weak businesses may control the continues bankruptcy and the
booming business will continue to gain profit.
 What are some of the step's organizations take to reduce and avoid turnover among employees?
The some of step's are:
1. Find the right talent.
2. Encourage Retention Early On.
3. Recognize and Reward Employees.
4. Identify a Clear Career Path.
5. Encourage a Healthy Work-Life Balance.
6. Create Learning and Development Programs.

Every company has a different hiring process. How can you ensure yours is thoughtful
and selective? When you hire employees who have the right skills, but also align with the
cultural and behavioral beliefs of your organization, you may be more successful. One tactic is
to ask behavioral interview questions to identify a candidate’s personality and character. For
example, you can ask an interviewee how they handled a sudden change in their routine and
what they learned from it. Their answer can give you valuable insight into their personality.
Many experts believe that retention efforts should begin on an employee’s first day of
employment. However, only 12% of U.S. employees strongly agree that their company does a
good job of onboarding new employees.2 With an MS in Human Resource Management, HR
professionals may be able to refine and improve the onboarding process. One benchmark for
successful onboarding should be giving new employees a clear understanding of the company’s
mission and how they can help add value to the organization.
Your employees need recognition and appreciation. This could be encouraged with
thoughtful human resource training of each people manager. Happy employees are on average
12% more productive than unhappy employees.3 When your employees do something to go
above and beyond, give them the congratulations they deserve. Creating a positive work
environment allows employees to thrive, feel acknowledged, and stay motivated.
 Part of recognizing and rewarding employees involves promoting and investing in
current personnel. Don’t allow your employees to feel like their position is stagnant. Otherwise,
they may start to pursue other opportunities. Encourage managers to schedule regular
meetings with their team to discuss their goals and how the company can help them achieve
their goals.
According to one survey, 57% of people report benefits and perks were one of their top
considerations before accepting a job.4 Offering unique perks like unlimited employee
maternity and paternity leave for the first year of a child’s life or a stipend for annual travel may
help employers stand out. The ability to utilize flexible work schedules and environments can
also prove to be beneficial.
Learning and development help improve employee morale and benefits the
organization. Companies can establish clear learning and development protocols and give their
employees the opportunity to pursue areas that interest them. For example, offer a budget to
attend a conference or class annually. For these programs to be successful, you need to ensure
the criteria is clear, fair, and widely understood by employees. HR professionals have the
unique opportunity to help shape an organization by hiring the right people. Finding employees
who not only have the right skills, but are excited about the organization’s mission is
imperative. If you’d like to improve your skills as an HR professional, focusing on your
education might be the answer. When you earn a master’s in human resource degree online,
you get to choose when in the day you attend class, which makes it possible to fit your studies
around your work schedule. Additionally, an online MS in Human Resource Management
program makes it possible to take your courses right from home or from anywhere else you
have internet access. Walden University is an accredited institution offering an MS in Human
Resource Management degree program online. Expand your career options and earn your
degree using a convenient, flexible learning platform that fits your busy life.
 How does an increase in churn rates strategic opportunities for firms with strong reputations in
the labor market?
In a reputation model, workers base their expectations of future wage and employment
levels on actual past values.

A positive reputation builds loyalty and increase customer confidence in your brand and
product, ultimately driving sales and bottom-line growth.