Payroll Compliance – company Best Buy Limited

You are the Human Resources Assistant to the manager, Carol Luke. Your company Best Buy Limited, has a very high turnover rate of employees. You believe this is the reason why the payroll costs are so high in the industry. You will prepare a memo addressing all the research you have complied to make your point, by considering all the hiring costs involved as well as all the termination payments issued. You will also need to mention the time and cost related to training and administering all these new hires and termination payments. In concluding your memo, you should provide 2 suggestions to reduce the employee turnover and how your suggestions would benefit the company both financially as well as the company’s vision.