Research project Essay Example | Topics and Well Written Essays - 3750 words

Research project - Essay Example The literature review of the proposal was mainly designed to shed light on the existing scenario of the employee management aspects in the corporate industry. However, this segment will focus on the overall factors that are closely connected with employee turnover and employee retention process in the fast food firms. The observations presented by Alan, Radzi and Hemdi (2009) show that business growth and development process is supported by the contributions of their employee base however the changes in their workforce are not being considered by the business houses which creates a mystery in the corporate concepts. Moncarz, Zhao and Kay (2009) further added that although business houses are aware of the changes in the situation of the job market and the extensive search for talent in the business, the employee retention process of the first food industry is mainly done by the tangible rewards such as tips received from customers or the incentives paid by the employer. However, the nature of work may be a demoralising factor for long term service in the sector. Rankin (2008) stated that the skills required for working in fast food industry are primarily based on fast and quality service which also serves as a foothold for the employees to curve their passage towards the hospitality industry and b ig brands in the sector. Chang and Chang (2008) also confirmed to the fact that biog hotels and restaurants are searching for talent in the fast food sector considering their service providing abilities and also the ability to handle pressure during peak seasons. These are some factors which influence the employee turnover rate of the fast food segment. Focusing on the existing employee retention policies being implemented in the fast food segment, it can be stated that their strategies are not significant enough to reduce the overall employee turnover. Ferres, Connell and Traraglione (2004) noticed that the financial standard of the fast food firms in comparison to biog