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The High Turnover Of Electrical Engineers

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Boilertech is at a crossroads where there are many different paths to choose from, but all may not be equal. It seems as though the cause of their problems comes down to outdated policies and attitudes that are creating a culture that discourages engagement, which is leading to the turnover of key talent. Some examples of these antiquated practices include the lack of formal exit interviews, inadequate appraisal system, and poor succession planning. Ultimately, it will take an overhaul of the policies and mechanisms in order to maintain a competitive advantage, especially when it comes to talent. One of the greatest concerns facing the company is the high turnover of electrical engineers. Based on the information given, this seems to be …show more content…

All of this information would need to be used to determine what actions need to be taken. For example, if people are happy with their pay, they may not need to be offered more monetary incentives. Perhaps, they are simply looking for a clearly defined career path or praise for their efforts. It would be nonsensical to offer them more money, if recognition would solve some of the problems. Individuals gain from having a formal career development system, as it comes with clear expectations and a framework for career paths. While it may not fix all of the problems surrounding this situation, it gives individuals an idea of where they can go and how they could get there. They can begin to determine where they will into the organization in the future, and determine the actions they need to take for their next positions. It also allows for better coaching for individuals, as managers can consider peoples’ goals and determine the resources they need to get there. As a result, people are more likely to succeed. Organizations benefit from career development systems, as they allow for a better understanding of the current and future staffing needs for an organization. Consequently, they ensure the organization is as efficient as possible when recruiting and selecting talent. Also, by creating these plans, key talent can

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