SAFETY-NET ALLIANCE CASE STUDY 4
Safety-NetAlliance Case Study
Thebusiness landscape is rapidly transforming. The transformation posesnew challenges to companies in their human resource managementefforts. The approach that a firm such as Safety-Net Allianceapplies in managing information available to it plays a central rolewhen it comes to employee retention.
Safety-Net Alliance made a mistake in choosing to hold on toinformation regarding its plans for its employees. The firm shouldhave relayed a formal communication to its employees outlining itspolicy on possible layoffs. The company seems to be weak indetermining and implementing employee retention strategies.
Thereare numerous strategies that Safety-Net needed to have employed topromote greater loyalty among the current workers. One of them is thecommunication of positive feelings (Soundarapandiyan & Ganesh,2015). Letting an employee learn of positive news concerning theirfuture at the firm will help drive away the uncertainty that madesome of them choose to seek opportunities elsewhere.
Eventhough the firm had in the past shown a bias towards policies thatdiscourage layoffs due to economic downturns, it never provided itsemployees with a guarantee that it would stick to the same in future.Safety-Net should have employed an open book management that wouldhelp the employees feel like family. Research indicates that mostemployees value growth and development (Soundarapandiyan &Ganesh, 2015). Given the training and promotional opportunities, theywould have been enthusiastic about their stay at the firm and as suchchosen to stay instead of resigning.
IfI were the supervisor at Safety-Net Alliance, I would send out formalcommunication to via email to each of the employees. I would requestfor feedback from each of the employees regarding the company`s planswith them. From their responses, the firm will be in a good positionto ensure sound management the workforce.
Soundarapandiyan,K., & Ganesh, M. (2015). Employee retention strategy withreference to Chennai-based ITES Industry: An empirical study. GlobalManagement Review, 9(2),1- 13.