{"id":48818,"date":"2022-05-12T00:00:00","date_gmt":"2022-05-12T00:00:00","guid":{"rendered":"https:\/\/nursingstudybay.com\/2022\/05\/12\/business-finance-operations-management-2\/"},"modified":"2022-05-12T00:00:00","modified_gmt":"2022-05-12T00:00:00","slug":"business-finance-operations-management-2","status":"publish","type":"post","link":"https:\/\/www.studyproessays.com\/help\/business-finance-operations-management-2\/","title":{"rendered":"Business Finance &#8211; Operations Management"},"content":{"rendered":"<p>1<br \/>\nProspectus<br \/>\nExploring Human Resource Management Strategies to Retain Millennials<br \/>\nLatashia Reid<br \/>\nDoctor of Management<br \/>\nWalden University<br \/>\nA00529481<\/p>\n<p>2<br \/>\nExploring Human Resource Management Strategies to Retain Millennials<br \/>\nProblem Statement<br \/>\nManagers have often found it difficult to retain millennial employees in the workforce<br \/>\n(Chaudhuri &#038; Ghosh, 2012). The general problem is more millennials are dissatisfied with their<br \/>\npresent employer. They are quitting their current positions resulting in high turnover rates<br \/>\n(Campione, (2015). Managers held approximately 2% of all workforce positions in 2014 and<br \/>\n90% of them believe an engagement strategy will impact businesses successfully, though only<br \/>\n20% help and sustained a platform or strategy to influence their employees (U.S. Department of<br \/>\nLabor, 2016). According to Christensen Hughes and Rog (2008), the cost of recruiting new<br \/>\nemployees can be expensive and if managers are not able to provide HR management strategies<br \/>\nto retain millennials in the workforce, they will continue to experience a high turnover rate.<br \/>\nThe specific problem is that some managers lack effective HR management strategies to<br \/>\nretain employees in the fast food industry (Ruiz, 2017). Employee turnover in the fast food<br \/>\nindustry has an adverse impact on the companies outcomes but if managers implement employee<br \/>\nHR strategies employees are less likely to leave the organization. Creating impactful jobs is<br \/>\nessential and many studies have documented that generational differences, especially in relation<br \/>\nto retaining millennial employees (Great Expectation, 2016). A study was conducted on 40,000<br \/>\nmillennials and only 17% were highly engaged in their work and these were also the employees<br \/>\nwho remained in their positions (Nolan, 2015). According to a report conducted by Global HR,<br \/>\nout of 3,000 HR professionals, 73% indicated that turnovers had been and may continue to be<br \/>\nprevalent in the workplace (Barack, 2012).<br \/>\n3<br \/>\nPurpose Statement<br \/>\nThe purpose of this qualitative exploratory multiple case study is to gain an<br \/>\nunderstanding of HR management strategies to retain millennial, in the fast food industry in<br \/>\nCharlotte NC metro area. In this study, data will be collected through open-ended questions to 20<br \/>\nmanagers. The managers will participate in semi-structured interviews to identify effective and<br \/>\nfailed HR strategies for millennials. The interviews will allow the participants the opportunity to<br \/>\nanswer questions related to the effective and failed HR strategies to retain millennials. The<br \/>\nparticipants will be sampled using purposive sampling technique (Rankin &#038; Brown, 2016).<br \/>\nObservation of managers will enable the exploration as an outsider to record events, behavior<br \/>\nand impressions that can be used in the interviews (Janesick, 2011). The primary method of data<br \/>\ncollection is to seek multiple sources of data such as interviewing and recorded artifacts, called<br \/>\nfield notes. The secondary method of data collection will consist of participating industry public<br \/>\ntraining documents. According to Frankel (2016) managers have been trying to retain millennial<br \/>\nemployees for the past several years and there is an undoubtedly need to find the correct<br \/>\nsolutions to retain millennials. The information generated from this research may reveal what<br \/>\nstrategies managers could use to retain millennials.<br \/>\nSignificance<br \/>\nEffective and failed strategies can influence employees to quit or be retained in<br \/>\norganizations. This study may have a significant impact on business practices because it may<br \/>\nprovide managers with effective strategies to retain millennial employees. Business leaders may<br \/>\nhave to understand how different generations has a unique experience that has contributed to<br \/>\ntheir way of approaching employment and long-term decisions. According to Campione, (2015)<br \/>\n4<br \/>\none of the major challenges facing businesses today is the retention of millennials and some<br \/>\nbusinesses practices and industry standards must be critically examined to find out why.<br \/>\nMillennials are considered to be the largest group of individuals in the workplace by 2020, so<br \/>\nthere is a great need for managers to learn how to retain millennials (Chenkovich &#038; Cates, 2016).<br \/>\nA lack of effort may cost companies a lot of money and loss of productivity (Dejesus, 2017). If<br \/>\nmanagers can understand the different ways millennials think and communicate perhaps they<br \/>\ncould significantly reduce high turnover rates in the workplace. The social impact of this study<br \/>\nmay help business to retain millennials and raise employment in the communities for millennials.<br \/>\n Background<br \/>\n1. Nolan, (2015) examined the project ( help with nursing paper writing from experts with MSN &#038; DNP degrees)ion of the high cost of employee turnover amongst<br \/>\ncompanies and dissatisfaction millennial employees. The author discussed how managers often<br \/>\nstereotype millennials employees into groups, portraying them as unmanageable employees. The<br \/>\nauthor stated different substitutions and changes to manage millennials employees. When<br \/>\nmillennials needs are addressed and developed through perks, it would encourage them.<br \/>\n2. Campione, (2015) information regarding millennials and the importance of job satisfaction<br \/>\nis considered a core indicator of workers Assessment and retaining them to avoid high cost<br \/>\nturnovers. The author also discussed findings on millennials work attitudes, values, personality<br \/>\ntraits, and behavior in the workplace.<br \/>\n3. Cameron and Quinn, (2006) felt motivated about competing values framework (CVF) based<br \/>\non the different businesses who had already adopted the framework as a key part of their<br \/>\nservices. The authors examined a set of tools and procedures that was their own empirical<br \/>\n5<br \/>\nresearch and consulting experiences in Helping with cultural and personal changes in<br \/>\norganizations.<br \/>\n4. Meuse and Mlodzik, (2010) discussed the difference in generations and rapid changes in the<br \/>\nworkplace. The authors also examined how managers who possess stereotypes may consciously<br \/>\nor unconsciously adapt attitudes, behaviors, or decisions based on sweeping generalization rather<br \/>\nthan reality. The authors provide literature that was grounded from empirical studies and most<br \/>\nwas focused on specific work related variables.<br \/>\nFramework<br \/>\nConceptual frameworks help reflective researchers link scholarly literature to observe an<br \/>\nissue such as exploring HR management strategies (Fleet, Burton, Reeves, &#038; DasGupta, 2016).<br \/>\nCompeting values framework (CVF) is the primary conceptual framework for this study.<br \/>\nAccording to Cameron and Quinn, (2006) CVF can also be used as a conceptual model to do<br \/>\nqualitative research to explore the reason and process of organizational culture change. In 1983,<br \/>\nQuinn and Rohrbaugh created the CVF to provide a broader framework for managers to become<br \/>\neffective leading others and making organizational decisions (Cameron &#038; Quinn, 2006). CVF<br \/>\nidentifies indicators of organizational effectiveness and examines the relationships between<br \/>\norganizational culture and other key organizational variables, such as job satisfaction (DeJesus,<br \/>\n(2017).<br \/>\nResearch Question(s)<br \/>\nRQ1: What HR management strategies do managers use to retain millennials in the fast<br \/>\nfood industry in Charlotte NC metro area?<br \/>\n6<br \/>\nNature of the Study<br \/>\nThe nature of this qualitative study would be to explore effective and failed HR<br \/>\nmanagement strategies. Gog (2015) stated in a qualitative study the researcher will attempt to<br \/>\nunderstand relationships between the phenomenon, process and experiences with a sample.<br \/>\nResearchers may use qualitative research method to reflect on and challenge assumptions<br \/>\nregarding challenges that exist in roles and creating emancipatory potential in the study design<br \/>\n(Tinkler, Smith, Yiannakou, &#038; Robinson, 2018). Another research method that researchers use<br \/>\nis called quantitative study. Quantitative research involves analyzing statistical data and<br \/>\nexamining a theory (Hossain, 2017). The intent will be to explore HR managers with in-depth<br \/>\nquestioning to understand millennials quitting their job in the fast food industry. Quantitative<br \/>\nresearch is not appropriate for this study. Quantitative methods are considered more rigorous<br \/>\nthan qualitative methods which randomized controlled trails and systemic reviews (Hoe &#038;<br \/>\nHoare, 2012). Researchers use quantitative research to provide information on the amount of<br \/>\ndata collected and the outcome of the statistical analyses performed (Barnham, 2015).<br \/>\nThe research design that was chosen for this study is multiple case study. Case study<br \/>\ninvestigates a real life phenomenon in depth and within an environmental context. Researcher\u2019s<br \/>\nuses case study to explore multiple or single phenomena in a study (Gog, 2015). A qualitative<br \/>\nmultiple case study design would be the most appropriate method because would help<br \/>\nunderstand effective HR management strategies to retain millennials employees in the fast food<br \/>\nindustry (Ridder, 2017). A case study will triangulate data as part of the data collection strategy,<br \/>\nresulting in detailed case description (Hollweck, 2015).<br \/>\n7<br \/>\nOther designs that were not appropriate for this study were ethnography and<br \/>\nphenomenological research. Phenomenological research studies the human experiences (Petty,<br \/>\nThomson &#038; Stew, 2012). Ethnography study a cultural group of people in their natural settings<br \/>\n(Grossoehme, 2014). Both studies are used to collect data from groups or individuals through<br \/>\ninterviews over a period of time (Mol, Silva, Rocha, &#038; Ishitani, 2017). Due to time constraints<br \/>\nand different techniques to collect data, these studies were not approached for this study.<br \/>\nSecondary Data Types and Sources of Information<br \/>\n1. I will conduct interviews with 20 managers by recording and taking field notes.<br \/>\n2. There will be personal observation during the interview and observation from their<br \/>\nworking environment.<br \/>\n3. I will use purposive sampling to elaborate and provide insight about HR management<br \/>\nstrategies to retain millennials.<br \/>\n4. Multiple sources of data such as interviewing and recorded artifacts, called field notes<br \/>\nand data collection of participating industry public training documents.<\/p>\n<p>8<br \/>\nReferences<br \/>\nBarnham, C. (2015). Quantitative and Qualitative Research. International Journal of Market<br \/>\nResearch, 57(6), 837-854.doi:10.2501\/070<br \/>\nBarack, J. (2012). Maximizing millennials in the workplace. UNC Executive Development, 1-14.<br \/>\nRetrieved from https:\/\/www.henan-flagler.unc.edu\/executivedevelopment\/customprograms\/~\/media\/DFCC056874DDA8097271A1ED8665.ashx<\/p>\n<p>Cahill, Terrence F, E.D.D., F.A.C.H.E., &#038; Sedrak, Mona, P.H.D., P.A. (2012). Leading a<br \/>\nmultigenerational workforce: Strategies for attracting and retaining millennials. Frontiers<br \/>\nof Health Services Management, 29(1), 3-15. Retrieved from<br \/>\nhttp:\/\/search.proquest.com.ezp.waldenulibrary.org\/docview\/1039642817?accountid=1487<br \/>\n2<br \/>\nCameron, K.S. &#038; Quinn, R.E. (2006). Diagnosing and changing organizational culture: Based on<br \/>\nthe competing values framework. San Francisco, CA: Josey-Bass<br \/>\nCampione, W. A. (2015). Corporate offerings: Why aren&#8217;t millennials staying? The Journal of<br \/>\nApplied Business and Economics, 17(4), 60-75. Retrieved from<br \/>\nhttp:\/\/ezp.waldenulibrary.org\/login?url=https:\/\/search-proquestcom.ezp.waldenulibrary.org\/docview\/1764139218?accountid=14872<\/p>\n<p>Cindy, K. G. (2013). A balancing act: Keeping millennial workers happy is smart business. The<br \/>\nDaily Camera Retrieved from https:\/\/search-proquestcom.ezp.waldenulibrary.org\/docview\/1436252239?accountid=14872<\/p>\n<p>9<br \/>\nChaudhuri, S., &#038; Ghosh, R. (2012). Reverse mentoring a social exchange tool for keeping<br \/>\nthe boomers engaged and millennials committed. Human resource development review,<br \/>\n11(1), 55-76. Chicago.doi.org\/10.1177\/1534484311417562<br \/>\nChenkovich, K, &#038; Cates, S. (2016). Welcome to the Millennials Generation: Should This<br \/>\nGeneration Be Attracted, Managed and Retained By Corporations Differently?.<br \/>\nInternational Journal of Management &#038; Human Resources, 4(1), 79-93.<br \/>\nChristensen Hughes, J., &#038; Rog, E. (2008). Talent management: A strategy for improving<br \/>\nemployee recruitment, retention and engagement within hospitality<br \/>\norganizations. International Journal of Contemporary Hospitality Management, 20(7),<br \/>\n743-757.<br \/>\nCross, D. (2017). Employee Retention Strategies in the Fast Food Industry. ScholarWorks.<br \/>\nChou, S. Y. (2012). Millennials in the workplace: A conceptual analysis of millennials&#8217;<br \/>\nleadership and followership styles. International Journal of Human Resource<br \/>\nStudies, 2(2), 71. doi:10.5296\/ijhrs.v2i2.1568<br \/>\nDannar, P. R. (2013). Millennials: What they offer our organizations and how leaders can make<br \/>\nsure they deliver. The Journal of Values-Based Leadership, 6(1), 3. Retrieved from<br \/>\nhttp:\/\/scholar.valpo.edu\/cgi\/viewcontent.cgi?article=1073&#038;context=jvbl<br \/>\nDeJesus, X. (2017). Strategies for reducing voluntary employee turnover (Order No. 10680603).<br \/>\nAvailable from Dissertations &#038; Theses @ Walden University. (1972605663). Retrieved<br \/>\nfrom http:\/\/ezp.waldenulibrary.org\/login?url=https:\/\/search-proquestcom.ezp.waldenulibrary.org\/docview\/1972605663?accountid=14872<\/p>\n<p>10<br \/>\nFiordelisi, F., &#038; Ricci, O. (2013). Corporate culture and CEO turnover. Journal of Corporate<br \/>\nFinance, 28, 66-82. doi:10.1016\/j.jcorpfin.2013.11.009<br \/>\nFleet, D., Burton, A., Reeves, A., &#038; DasGupta, M. P. (2016). A case for taking the dual role<br \/>\ncounellor-researcher in qualitative research. Qualitative Research in 95 Psychology, 13,<br \/>\n328-346. doi:10.1080\/14780887.2016.1205694<br \/>\nFrankel, L. P. (2016). Employee Retention: Seven Common-Sense Ways to Keep Your Star<br \/>\nMillennials. Employment Relations Today (Wiley), 42(4), 49-56.doi:10.1002\/ert.21539<br \/>\nGreat expectations. (2016). Human Resource Management International Digest, 24(2), 32-35.<br \/>\nRetrieved from http:\/\/ezp.waldenulibrary.org\/login?url=https:\/\/search-proquestcom.ezp.waldenulibrary.org\/docview\/1765294985?accountid=14872<\/p>\n<p>Grossoehme, D. H. (2014). Overview of Qualitative Research. Journal of Health Care<br \/>\nChaplainy, 20(3), 109-122.doi:10.1080\/08854726.2014.925660<br \/>\nGog, M. (2015). Case Study Research. International Journal of Sales, Retailing &#038; Marketing,<br \/>\n4(9), 33-41<br \/>\nHaibin, L, &#038; Shanshi, L. (2014). Effect of Situational Leadership and Employee Readiness<br \/>\nMatch on Organizational Citizenship Behavior in China. Social Behavior &#038; Personality:<br \/>\nAn International Journal, 42(10), 1725-1732.doi:10.2224\/sbp.2014.42.40.1725<br \/>\nHenstra, D., &#038; Mcgown, R.A. (2016). Millennials and Public Service: An Exploratory Analysis<br \/>\nof Graduate Student Career Motivations and Expectations. Public Administration<br \/>\nQuarterly (40)3, 490-519. Retrieved from<br \/>\n11<br \/>\nhttp:\/\/eds.a.ebscohost.com.ezp.waldenulibrary.org\/eds\/pdfviewer\/pdfviewer?vid=4&#038;sid=<br \/>\n3cbfb1e6-9bea-4080-bb7e-9b6066eb8d34%40sessionmgr4010<br \/>\nHoe, J., &#038; Hoare, Z. (2012). Understanding Quantitative Research: Part 1. Nursing Standard,<br \/>\n27(15)52-57. doi:10.7748\/ns2012.12.27.15.52.c9485<br \/>\nHollweck, T. (2015). Review of Case Study Research Design and Methods (5th ed.) Canadian<br \/>\nJournal of Program Assessment, 30(1), 108-110.<br \/>\nHossain, D. M. (2017). Discourse Analysis: An Emerging Trend in Corporate Narrative<br \/>\nResearch. Middle East Journal of Business, 12(4), 3-9.doi:10.5742\/MEJB.2017.93084<br \/>\nJanesick, V. (2011) Stretching Exercise for Qualitative Researchers (3rd ed.) Thousand Oaks,<br \/>\nCA: Sage Publications.<br \/>\nLynch, A. (2008). ROI on generation Y employees. Bottom Line Conversations, LLC. Retrieved<br \/>\nfrom<br \/>\nhttps:\/\/webcache.googleusercontent.com\/search?q=cache:IMtFOirWcVkJ:https:\/\/www.k<br \/>\nnoxvillechamber.com\/pdf\/workforce\/ROIonGenYWhitePaper.pdf+&#038;cd=1&#038;hl=en&#038;ct=cl<br \/>\nnk&#038;gl=us<br \/>\nMeuse, K.D., &#038; Mlodzik, K.J. (2010). A Second Look at Generational Differences in the<br \/>\nWorkplace: Implications for HR and Talent Management. People &#038; Strategy, 33(2), 50-<br \/>\n58 doi.org\/10.1037\/e518392013-223<br \/>\n12<br \/>\nMol, A. M., Silva, R.S., Rocha, A. A., &#038; Ishitani, L. (2017). Ethnography and Phenomenology<br \/>\nApplied to Game Research: A Systematic Literature Review. Revista De Sistemas E<br \/>\nComputacao (RSC), 7(2), 110-127<br \/>\nNolan, L. S. (2015). The Roar of Millennials: Retaining Top Talent In the Workplace. Journal of<br \/>\nLeadership, Accountability &#038; Ethics, 12(5), 69-75.<br \/>\nPetty, N. J., Thomson, O. P., &#038; Stew, G. (2012). Masterclass: Ready for a Paradigm Shift? Part<br \/>\n2: Introducing Qualitative Research Methodologies and Methods. Manual Therapy,<br \/>\n17378-384.doi:10.1016\/j.math.2012.03.004<br \/>\nRankin, J., &#038; Brown, V. (2016). Creative Teaching Method as a Learning Strategy for Students<br \/>\nMidwives: A qualitative study. Nurse Education Today, 3893-<br \/>\n100.doi:10.1016\/j.nedt.2015.12.009<br \/>\nRidder, H. (2017) The Theory Contribution of Case Study Research Design, 10(2), 281-305.doi:<br \/>\n10.1007\/s40685-017-0045-z<br \/>\nRuiz, C. A. (2017). Strategies to Retain Millennial Employees at Full-Service Restaurants.<br \/>\nScholarworks.<br \/>\nSalehzadel, R. R. (2017). Which Types of Leadership styles do followers prefer? A decision tree<br \/>\napproach. International Journal of Education Management, 31(7), 865-877.<br \/>\ndoi:10.1108\/JEM-04-2016-0079<br \/>\n13<br \/>\nSolnet, D. J., Ford, R.C., Robinson, R.N., Ritchie, B. W., &#038; Olsen, M. (2014). Modeling<br \/>\nLocations factors for tourism employment. Annals of Tourism Research, 45, 30-45.<br \/>\ndoi:10.1016\/j.annals.2013.11.005<br \/>\n(Tinkler, L., Smith, V., Yiannakou, Y., &#038; Robinson, L. (2018). Professional Identity and The<br \/>\nClinical Research Nurse: A Qualitative Study Exploring Issues having an Impact on<br \/>\nParticipant Recruitment in Research. Journal of Advanced Nursing, 74(2), 318-328-<br \/>\ndoi:10.111\/jan.13409<br \/>\nU.S. Department of Labor, Bureau of Labor Statistics (2016). Economic new release: Employee<br \/>\nTenure Summary. Retrieved from https:\/\/www.bls.gov\/opub\/mlr\/2014\/beyondbls\/millennials-after-the-great-recession.htm<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1 Prospectus Exploring Human Resource Management Strategies to Retain Millennials Latashia Reid Doctor of Management Walden University A00529481 2 Exploring Human Resource Management Strategies to\u2026<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7316,7318,7317,7315,7319,7321],"tags":[441,7323,628,7326,7325,7322,7324],"class_list":["post-48818","post","type-post","status-publish","format-standard","hentry","category-best-dissertation-writers-uk","category-british-dissertation-writers","category-dissertation-help-online","category-dissertation-writing-services-uk","category-help-with-dissertation-writing","category-uk-dissertation-help","tag-cheap-dissertation-writing-services","tag-dissertation-help-london","tag-dissertation-help-online","tag-dissertation-tutor","tag-expert-assignment-help","tag-masters-dissertation-help","tag-university-assignment-help"],"_links":{"self":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/48818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/comments?post=48818"}],"version-history":[{"count":0,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/48818\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/media?parent=48818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/categories?post=48818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/tags?post=48818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}