Retention plan to resolve the high voluntary turnover rate


Assignment:

Create a 5 pages and use APA format:

You have been hired as the new Chief Human Resource Officer (CHRO) at an S&P 500 company. As the CHRO, one of your primary roles is to be the workforce strategist. There has been a high voluntary turnover rate at this company and the CEO has directed you to develop a retention plan to resolve the high voluntary turnover rate. Create a 5-7 page research paper using APA style outlining a retention plan.

Create a 500-750 words:

As a newly promoted vice president (VP), your chief executive officer (CEO) has invited you to participate in this year's upcoming strategiplanning session. You know that this will be high-level type planning versus the more routine type planning you have done in the past. To prepare for this, you have done some research and noted the generic strategies model (cost leadership, differentiation, and focus) in a lot of the strategic-planning literature.

Using the Generic Strategies model, complete the following requirements:

• Identify and describe 3 retail firms.

• Note which of the 3 broad strategies that each firm seems to have chosen (low-cost producer, niche supplier, or differentiation strategy).

• Identify at least 2 specific tactics that each of the three employ to support your opinion of their method of competing.

• Do the tactics you cited seem to be working? On what evidence can you base your answer?

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