A STUDY ON EMPLOYEE RETENTION TECHNIQUE ADOPTED BY VEE TECHNOLOGIES PVT LTD S.K.DURGA II MBA BHARATHIAR SCHOOL OF MANAGEMENT AND ENTREPRENEURIAL DEVELOPMENT CHAPTER 1 1. INTRODUCTION 1.1EXECUTIVE SUMMARY I endeavoured to bring to light one of the critical ills that inhibit most of the BPOs now. The issue of retention is stressful for most managers. Managing high-performing employees can also be stressful at times. Combine the two and consider the issue of retaining employees and have a recipe
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factors to attract talented employees. Why employee retention? Hiring an employee is only a first step. Building awareness of the importance of the employee retention is essential. The costs associated with employee turnover can include lost customers and businesses as well as damaged morale (The Wall Street Journal). In addition‚ there are costs incurred in screening verifying credentials and references‚ interviewing‚ hiring and training a new employee (Mythri‚ 2006). ‘Fitz-enz (1997)
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Definition of Productivity Productivity: Definition Productivity is the relationship between the outputs generated from a system and the inputs that are used to create those outputs. Mathematically P = O I PRODUCTIVITY is a broader concept that pertains to effective use of overall resources. One of the primary responsibilities of an operations manager is to achieve PRODUCTIVE USE of an organization’s resources. Systems Concept inputs Land people capital facilities equipment tools energy
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A Perky Way to Productivity 1) Describe the importance of employee benefits as a strategic component of fulfilling the goals of HRM. The importance of benefits for employees is very high. Lately‚ medical insurance is a target for most unemployed non-exempt individuals. Personally I have seen cases when the pay is at minimum wage for a job that should be paying more‚ but because of the fact the organization provided medical insurance for the workers and their families‚ employees stayed. As
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Motivation in the Workplace University of Phoenix PSY 320 Motivation in the Workplace The workplace at Roadway Express consists of a diverse group of employee‚ all which have unique motivational needs. Some employees try hard to meet their own personal goals and satisfaction levels. Others need to be pushed along with extrinsic motivators to compensate their lack of intrinsic motivation. Ultimately‚ the level of an employee’s motivation impacts their performance and the overall productivity
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given task which is measured against pre-set known standards. Why Motivation? Why is it so important for this statement Motivation What Is Motivation Motivation is simply defined “as the processes that account for an individual’s intensity‚ direction and persistence of effort towards attaining a goal” (Robbins and Judge 2007‚ p. 186) Types of Motivation Intrinsic Motivation “Intrinsic motivation refers to the motivation that comes from the performance of an activity for no apparent reinforcement
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CBK (2005) „Exchange Rates‚ Central bank of Kenya. www.centralbank.go.ke of Kenya‚ Accessed 7 April‚ 2005 Chappell‚ C. (2003) Qualitative Research Methods. www2.gsu.edu. Accessed 25 July‚ 2005 Chon‚ K. (1989) Understanding recreational travellers‟ motivation‚ attitude and satisfaction CIA (2005) World Factbook. Central Intelligence Agency‚ www.cia.gov. Accessed 15 June 2005 Clancy‚ M. (1999) Tourism and Development: Evidence from Mexico. Annals of Tourism Research 26 (1)‚ pp Creswell‚ J. W. (1998) Qualitative
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Abstract A high employee turnover rate‚ where talented employees leave the institution to join other legislatures and government departments‚ has been experienced by the Language Services Section (LSS) of Parliament SA which is part of the Legislative and Oversight Division (LOD). This thesis evaluates why talented employees leave the LSS and explores possible retention strategies to retain talented employees. This was firstly done by reviewing literature on the concept of employee turnover. Secondly
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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‚
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June 1st 2011 Low agricultural productivity Agriculture is the science and industry of managing the growth of plants and animals for make food for human as a food. In general‚ agriculture includes soil cultivation‚ growing and harvesting crops‚ rising and breeding livestock‚ dairy and forestry. There are many important sectors in the world and especially agriculture beside the other related sectors. It is very important for both physical and economical health. However‚ more than 60 percent
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