Employee Retention Strategies
EMPLOYEE RETENTION STRATEGIES:
Abstract:
Every organization invests time and money to groom a new joinee, train his employee’s & make ready material competent with the existing employees. All organizations aim to serve the needs of the people. All organizations are not only run by employees, but also it is the employees in it at various levels who bring success to the organization in these modern times.
Hence retention of the employees within the system is necessary. The organization is completely at loss when the employees leave their job once they are fully trained. Thus recruitment of qualified employees, training and maintaining them becomes important. Employee turnover reduces the organizational productivity and also incurring the costs of acquiring the same for replacement and developing them. Employee retention techniques go a long way in motivating the employees for them to enjoy their work and avoid changing jobs frequently.
The modern management literature advocates many strategies for employee retention from various dimensions such as organizational factors, compensation, rewards, job design and characteristics, work environment, employee relationship, etc.
Hence this paper attempts to present a few of the important employee retention strategies.
Keywords: Employee retention, employee turnover, Indian management
Introduction:-
Employee Retention
Employee Retention refers to the strategy employed by the management to help the employees stay with the organization for a longer period of time. Employee retention strategies go a long way in motivating the employees so that they stick to the organization for the maximum time and contribute effectively. Sincere efforts must be taken to ensure growth and learning for the employees in their current assignments and for them to enjoy their work.
Employee retention has become a major concern for corporate in
Abstract:
Every organization invests time and money to groom a new joinee, train his employee’s & make ready material competent with the existing employees. All organizations aim to serve the needs of the people. All organizations are not only run by employees, but also it is the employees in it at various levels who bring success to the organization in these modern times.
Hence retention of the employees within the system is necessary. The organization is completely at loss when the employees leave their job once they are fully trained. Thus recruitment of qualified employees, training and maintaining them becomes important. Employee turnover reduces the organizational productivity and also incurring the costs of acquiring the same for replacement and developing them. Employee retention techniques go a long way in motivating the employees for them to enjoy their work and avoid changing jobs frequently.
The modern management literature advocates many strategies for employee retention from various dimensions such as organizational factors, compensation, rewards, job design and characteristics, work environment, employee relationship, etc.
Hence this paper attempts to present a few of the important employee retention strategies.
Keywords: Employee retention, employee turnover, Indian management
Introduction:-
Employee Retention
Employee Retention refers to the strategy employed by the management to help the employees stay with the organization for a longer period of time. Employee retention strategies go a long way in motivating the employees so that they stick to the organization for the maximum time and contribute effectively. Sincere efforts must be taken to ensure growth and learning for the employees in their current assignments and for them to enjoy their work.
Employee retention has become a major concern for corporate in