Solving Employee Retention, Financial Restraints and a Need for More Space to Accomodate a Growing Client Base

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Strategy and Implementation University of Texas MD Anderson Cancer Center is searching for ways to solve their three top challenges. These challenges are employee retention, financial constraints, and a need for more space to accommodate their ever growing client base. In our statements below we have presented strategies that we believe will help to meet these challenges and make UT MD Anderson Cancer Center a Stronger company. Employee Retention Employee retention is important to the University of Texas MD Anderson Cancer Center. Not only does employee turnover cast the company a great deal of money but it also cost them a lot of time. Tara Davis conducted a study to find the top ten reasons employee leave their jobs. We have listed the reasons below and have added some suggestions for overcoming these issues. Employee Compensation Employee Compensation is the main reason employees move on from companies. Many employees feel as if their wages do not fairly compensate them for the amount of work they perform. The first course of action that we recommend would be to research the pay rates at other competing organizations and adjust pay to be competitive. Another option may be offering incentives for a job well done. If an employee is too under paid it can affect their attitude and their ability to considerate. Supportive working environment A supportive working environment gives employees a since of worth. In order to achieve a supportive work environment UT MD Anderson Cancer Center should follow these ten guide lines. 1. Build Trust 2. Communicate Positively and Openly 3. Expect the Best from your Staff 4. Create Team Spirit 5. Give recognition and Appreciation 6. Give Credit and take Responsibility 7. Be Approachable 8. ... ... middle of paper ... ...www.hrcouncil.ca/hr-toolkit/keeping-people-employee-recognition.cfm>. Laud, Jennifer. "Better Strategic Planning Through Employee Engagement." Credit Union Times 25.2 (2014): 12. Business Source Complete. Web. 4 Apr. 2014. Morgan, Jacob. "5 Must-Have Qualities Of The Modern Manager." Forbes. Forbes Magazine, 23 July 2013. Web. 4 Apr. 2014. . "Ten Ways to Create A Positive Work Environment." Ten Ways to Create A Positive Work Environment. N.p., n.d. Web. 1 Apr. 2014. . Weiss, Ben. "The 4 Cool Ways the Top Employers Create Work-Life Balance." US News RSS. N.p., n.d. Web. 4 Apr. 2014. .

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