High Attrition Rate of the Food Companies, Business Essay Example

Determination of High attrition rate

In most of the food companies such as Kinsale Food Limited, the determination of the attrition rate is an uncomplicated process that the figure obtained may seem unimportant. In Kinsale Food Company, examining the customer attrition rate is a vital success metric.

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The attrition rate enables them to identify a figure that acts as a reference point to the number of new sales needed to sustain profitability (Eshiteti et al., 2013). Although the calculation of attrition rate is simple in Kinsale food limited, it sometimes becomes a complex process in some verticals and industries.

Marketing Bureaus can easily determine the attrition rate through consultative processes from the list of presently active clients.

Causes of high attrition rates in the food industry

The high rate of attrition is usually caused by the incapability of the top management or the general manager to engage with the employees and address their needs.

Lack of insight or vision by the management

Visions of workers impact the profits and financials of a company. Lack of a sense of purpose among the workers is another main cause of high attrition in most of the food companies. Impacts of high attrition rate on qualityData Collection PlanThe study involves the investigation of high attrition rates in the food companies. The company under the study is Kinsale Food Company.

The questionnaire was presented to the workers as well as the management of the company to help in the collection of data for analysis.

The data collection was done through the online platforms. The interviews were conducted through personal emails and social media platforms.

In this case, the sample size was 30. A total number of thirty participants were identified for the study. Majority of the interviewees were employees, few people at the top management level took part in the interview process and they were free in giving out information from the organization. The data collected consisted of fifteen variables formulated from the questions raised in the questionnaire.

Methodology

During the data analysis, several analyses were carried out to prove the theoretical claims as stated in the introduction and subsequent parts of this reports.

The actual analysis was done by the use of SPSS software. Some of the results produced were descriptive statistics, a test of the hypothesis by the application of t-statistics. Use of graphs and descriptive statistics

Data Analysis

Descriptive statistics

Graphs

T-test

Correlation

Potential Solution to High Rates of Attrition

Skill development is one of the effective ways of reducing high rates of attrition in an organization.

Finding ways of enhancing the skills of employees is usually good for different business organizations and their customers.

Employees training

Setting the objectives of the business.

Employees inclusion

Standards and Procedures

The research involved adequate preparation including the development of the questionnaire and other data collection tools.

The core processes involved the creation of drafts or draft development, review of the organization to which the study was based; in this case Kinsale Food Company, approval processes and finally, the publication.

The draft development process.

Conclusion

High rates of attrition in the food industry are attributed to the lack of effective organizational cultures and poor conditions of work. High attrition rate has significant effects on the quality of products produced by the Kinsale Food Company

References

Appendix

Data Collected

SPSS OUTPUT