Employee Retention of the X and Y Generation Employees at ABC

Abstract

The purpose of this Engineering Management Field Project is to gain a better understanding of how ABC is performing in the area of Employee Retention of generation X and Y employees. ABC is a high tech aerospace company that was established in the late 1940s’ to build engines for the United States Government. Throughout its history, it has survived the many government cuts by expanding and creating more innovative manufacturing designs and techniques. It has established itself as one of the leading technological production organizations for the U.S. government. It has led the way in science-based manufacturing helping the government as well as the commercial industry build products. Is ABC doing the right things to keep the generation X and Y employees? Do they know what they are losing? In a nation where a recession is beginning, can ABC afford to lose their best employees? What does ABC need to do to improve and retain good employees? What affect on retention does management have? How can hiring the right employees and orientating them improve a company’s employee retention? How do employee opportunities fit into employee retention? How can employers improve performance reviews to aid in the retention of employees? Employers must answer and then implement solutions to these questions to be successful at employee retention. Employers need to view employees as critical assets that cannot be replaced overnight. The purpose of this project is to answer these questions about ABC, which will help improve the bottom line of the company. It will also act as an improvement plan to better retain these younger generations. There are many things not done at ABC that could make the difference in staying competitive. Employee retention, especially of the key employees, is a major challenge that companies need to take more seriously. Many factors are critical to employee retention. Employers must use these factors to retain employees and make their company a top place to work. In an increasingly competitive market, employee retention can make or break companies.