Understanding high attrition rates within a retail bank finance Essay

Understanding high attrition rates within a retail bank finance department - Essay ExampleThis is interpret report for tackling a sedate problem which is currently facing Bank 4 U. That is the problem of abnormally high attrition. This catch is not intended to be an analysis of the problem. An analysis by its very nature is intended to be a review of the situation.This analysis is reviewed later and appropriate decisions are taken on its recommendations. This problem is sufficiently terrible that only an intercessionary cost to solve the problem will solve it. The Author proposes an Action research project in this proposal.The project team members will be managers and other personnel who will be qualified to act on the solutions as they come up in the research team. The members of this team will besides not be disinterested members of this project, but whom this problem of attrition personally and professionally affects.The theory and workout of action research is sufficient ly covered in the project plan to give an idea of the approach which will be taken to solve this problem and the rationale behind that approach. The problem itself is explored sufficiently to enamor how it could be properly solved using this method.This Project was initiated by the top management of Bank 4 U. The author of this report was entrusted with implementing it. Action research methodology will be used. The theory will be accumulated from various scholarly sources. The problem, which was attrition, will be defined in great detail. It is apparent that this is a problem of very high magnitude with no apparent solution and that there is a emergency of an immediate intervention. A team of highly affected members of management will be put together. victimisation the various methodologies of Action Research, solutions will be constantly be discussed by the group and based on this discussion , various solutions will be continually implemented. The data gathered from implementati ons will be reviewed to notion at possible modifications on a constant basis. The Author of this project , is also the originator of this project , would not lead this project , but be more of a facilitator . The members of this project will be more of a round table with everybodys opinions receiving the same value. This would be important for a successful intervention and prevent this action research project be taken over by one or a few people and defeat the purpose the panel.The project panel will be in place for the duration of the interventionUnderstanding High Attrition within a Finance validationDeveloping a Collaborative Roadmap to Improve Employee RetentionConceptualization and Framework ContextBank-4-U is one of the nations leaders financial services companies serving consumers and small to mid-sized businesses through various subsidiaries in the Bank-4-U family of companies. The organization has grown extensively through a series of acquisitions and as a result needs t o address challenges in the areas of ethnic and technical integration.