Partnership Accounting Assignment Example | Topics and Well Written Essays - 1000 words

Partnership Accounting - Assignment Example The company was founded in the year 1994. The company has a global presence and caters to almost all the countries of the world. The company has employee strength of 109 thousand employees as in 2013. Since it is an e-retail company there is requirement for technical as well as staff for supply chain. The company has to depend on the competitive intelligence in form of the consumer data so that the company is being able to understand the needs of the consumers through their browsing history and can stock up their inventory levels as and when required. Thus it is important for the company to have a combination of a good retail supply chain workforce and as technical people who would be available with the company to support the technical aspects of the operations. However the turnover for Amazon is very high. Most of the employees do not stay in the organisation for more than one year. This report is an attempt to find out the reasons for such high rate of turnover. The basis for the s tudy is mainly primary as well as secondary research. The section of the literature review explores the studies that have been made by the authors about this issue of turnover in the business environment. Literature Review The topic of employee turnover has been studies and researched by a huge number of scholars over a very long period of time. In the Human resources framework, the rate of turnover of the employees is the rate at which an employer acquires his employees and loses the employees. The high rate of turnover is an indication of the fact that the employees in an organisation would work in the organisation for a shorter span of time. This is generally a rate that is determined after comparing in the other industries playing in the same market. The turnover metric is determined by dividing the total number of parting workers who have left within a year by the number of employees who were engaged in the company for that particular year (Cascio and Boudreau, 2011, p. 80). Th e same metric has been used by Price in his modelling of turnover (Price, 1977, pp. 10-25). For a particular labour market there are about the same number of employees that rotate around in the different markets. Most of the management practitioners have argued that there are several reasons that contribute to the turnover rate of the companies (Kevin, Joan and Adrian, 2004, pp. 161-166). The event of turnover is time consuming and the management of a company cannot officially stop an employee from leaving the organisation. In most cases the employees are lured away by other organisations operating in the same industry by offering a higher salary. However, it has been found out through intensive research that the employees cite this reason only to disguise some other major reason for which they leave the organisation. Review Findings There are several other reasons for which an employee decides to leave an organisation. Job related stress is one of the causes which contribute to the high rate of turnover among the employees. The level of satisfaction in a particular job is also another major reason for the high rate of turnover. Most of the employees remain dissatisfied with the work that they perform and they feel that it does not meet their self actualisation needs fully. Research has also shown that the level of compensation that the employees get from their present employer is not satisfactory or the perquisites are not up to the industry standards. This forces the employees to shift to a new organisation. On the other hand, in case of mostly the manufacturing organisations or the companies that involves jobs