employee retention
1.3 INTRODUCTION TO THE STUDY
In todays scenario retaining the employees in the organization is becoming achallengeable job. Hiring knowledgeable people for the job is essential for an employer. But retention is even more important than hiring. The employees are valuable assets to the organization so it is the responsibility for the organization to develop the strategies in order to retain the employees. Employee attrition may be due to various factors such as lack of growth opportunities, dissatisfaction with the working environment, lower payees... As soon as they feel dissatisfied with the current employer or the job, theyswitch over to the next job, It is the responsibility of the organization to retain their
Employees today want more out of a job than a big salary. Workers' expectations have shifted over the past few decades. Employers need to recognize five key changes in workers' expectations, namely that they want to lead balanced lives, enjoy partnership with their employers, receive opportunities for personal and professional growth, be able to make a meaningful contribution to the world through their work, and experience opportunities to socialize at work. Healthcare organizations that want to attract and retain the employees that they need can achieve competitive advantage in the marketplace by responding to these new work values
. Outsourcing Employee Retention Program [edit]
Turnover costs can have significant negative impact on a company’s performance. Turnover cost can represent more than 12 percent of pre-tax income for the average company and nearly 40 percent for companies at the 75th percentile for turnover rate.[18] Organizations and managers understand the importance of implementing an effective retention program but aren’t proactive in implementing one and often leave it for another day. That day hardly ever comes. Organizations that don’t have the time or have limited resources can outsource employee retention programs to
In todays scenario retaining the employees in the organization is becoming achallengeable job. Hiring knowledgeable people for the job is essential for an employer. But retention is even more important than hiring. The employees are valuable assets to the organization so it is the responsibility for the organization to develop the strategies in order to retain the employees. Employee attrition may be due to various factors such as lack of growth opportunities, dissatisfaction with the working environment, lower payees... As soon as they feel dissatisfied with the current employer or the job, theyswitch over to the next job, It is the responsibility of the organization to retain their
Employees today want more out of a job than a big salary. Workers' expectations have shifted over the past few decades. Employers need to recognize five key changes in workers' expectations, namely that they want to lead balanced lives, enjoy partnership with their employers, receive opportunities for personal and professional growth, be able to make a meaningful contribution to the world through their work, and experience opportunities to socialize at work. Healthcare organizations that want to attract and retain the employees that they need can achieve competitive advantage in the marketplace by responding to these new work values
. Outsourcing Employee Retention Program [edit]
Turnover costs can have significant negative impact on a company’s performance. Turnover cost can represent more than 12 percent of pre-tax income for the average company and nearly 40 percent for companies at the 75th percentile for turnover rate.[18] Organizations and managers understand the importance of implementing an effective retention program but aren’t proactive in implementing one and often leave it for another day. That day hardly ever comes. Organizations that don’t have the time or have limited resources can outsource employee retention programs to