Final answer:
HRMs employ strategies like increased job benefits, flexible schedules, and job enrichment to reduce employee turnover. These strategies are tailored to meet the expectations of both millennial and Generation X employees who value meaningful and flexible work environments. Professional HR practices also play a role in creating unbiased and diverse workplaces, further aiding retention.
Step-by-step explanation:
The strategies that Human Resource Managers (HRMs) and organizations typically use to reduce employee turnover include a variety of approaches aimed at improving job satisfaction and work-life balance. These can encompass:
- Providing more employee benefits
- Allowing reduced work hours
- Job enrichment by offering opportunities for skill development and career growth
- Increasing job flexibility, potentially through telecommuting and adaptable work schedules
- Creating more interesting job responsibilities to enhance job engagement
Such measures help in retaining both millennial and Generation X employees who seek meaningful and flexible work environments. Organizations strive to match the evolving needs and expectations of their workforce to prevent high turnover rates, which can be costly and disruptive to the business.
Additionally, professionalizing HR functions can help to minimize biases in hiring and thus contribute to a more diverse and inclusive work environment, which is often linked with improved employee retention.