High Turnover Rate AnalysisIntroductionThe high turnover rate of minority and female workers has become a serious problem in the United States. Although this country is made up of many ethnic races, Anglo-Saxon males dominate the majority of the workforce. It is not uncommon for minority and female employees to leave their company after having worked for only a few years. Why has this behavior become a trend? To stop this trend, companies need to ask themselves some questions. For example, what problems cause the high turnover rate? What legal and ethical issues do companies face? After these questions are asked and processed, solutions need to be implemented to change the flow of the trend. When implementing solutions for high turnover, companies must know and understand the law. The law is created and enforced by the government to prevent any discrimination or prejudice between the company and its employees. It also prevents strong companies from taking advantage of weak employees. By maintaining a high turnover rate, companies will continue to lose money until they decide to address the problem. Through some program adjustments and implementations to reduce turnover rates, the company can see a significant change in costs and what it could actually save. Companies need to understand the potential danger that a high turnover rate can cause to the company. By analyzing the banks we can understand what and where the problem lies. Problem Statement Employee turnover costs are very expensive for a company. Turnover not only affects profits, but also affects company morale. We are investigating issues within our company that are making our employees dissatisfied with their jobs. Then we will find the solutions. And then we make estimates of revenue costs and revenue savings after implementing our solutions. Without understanding the negative impacts of turnover, a company could find itself in a position that will ultimately lead to its demise. We will solve our problems and put our company on the path to success, a success that is not only reflected in our profits but also in the morale of our employees.HistoryANALYSISCurrently, Tomenak Bank employs 20,000 people, of which only 35% are female or minority. The average six-month turnover rate for women and minority employees is 65%. It is estimated that the average cost of employee turnover is 18% of their annual salary.