HRM FPX 5090 Assessment 2 HR Challenge: Presentation to Leadership  HRM-FPX5090 Retaining and Engaging Employees for the Modern Workforce

Introduction to CapraTek

The increasing division of work expectations across generations has led to the loss of employees for various reasons based on generational differences. Additionally, there is a significant financial investment in new hires without a comprehensive understanding of retention possibilities.

Objectives

1. Establish goals for the engagement survey.
2. Define each generation.
3. Discuss the tools, time, and budget required for this project.
4. Develop a plan and initiate the project.

Generations: Boomers – Gen X – Millennials – Gen Z

Image of generation birth years as provided by Michal Dimock (2019). Link.

Engagement Issues

1. Define issues from the employees’ perspective.
2. Define issues from the managers’ perspective.
3. Outline the purpose of gathering engagement data from employees.

Goals

1. Understand the reasons for employee attrition.
2. Utilize the new platform to promote employee engagement, leading to improved organizational performance.
3. Discover methods to build an engaged workforce through enhanced leadership practices.

How This Data Will Be Used

1. Clarify how the collected data will address identified engagement issues.
2. Provide examples of major companies using data for improvements.
3. Relate all information to CapraTek’s goal of enhancing engagement and retention.

Common Process

1. Considerations for selecting the appropriate engagement tool.
2. Utilize pulse surveys to gather vital feedback from employees.
3. Relate these processes to the overarching goal.

Budget and Time Requirements

1. Estimate costs based on survey platforms.
2. Provide an estimation of the time required to implement the platform.
3. Propose sending out a pulse survey every quarter for one year to accumulate sufficient data for major changes, with incremental adjustments along the way.

Resources Needed

1. Identify the starting point for the project.
2. Emphasize the importance of input from both employees and management.
3. Relate resource allocation to the overall goal.

Conclusion

1. Acknowledge an understanding of each generation’s needs and wants, emphasizing the need for additional data to address current issues.
2. Highlight that survey platforms and employee involvement in the new survey will increase participation.
3. Assert that the goal of engagement and retention can be achieved by following these steps diligently.

References

Dimock, M. (2019). Defining Generations: Where Millennials End and Generation Z Begins. Link.