Introduction Employee turnover is a ratio comparison of the number of workers a company must replace in a given time period to the average number of all employees. A big concern to Irontown‚ employee turnover is expensive‚ especially in lower paying job roles‚ for which the employee turnover rate is highest. Many factors play a significant role in the employee turnover rate of any organization‚ and these can stem from both the employer and the employees. Wages‚ employee attendance‚ stress of
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and motivated employees play a crucial role in overall growth and success of the organization. Retention of key employees is critical to the long term health and success of any organization. Focusing on employee retention techniques can positively impact the organization as it increases employee productivity‚ performance‚ quality of work‚ profits‚ and reduce turnover and absenteeism. Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum
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VOL 3‚ NO 8 LOSING YOUR BEST TALENT: EMPLOYEE RETENTION THE DILEMMA OF TEXTILE INDUSTRY A CASE OF TEXTILE SECTOR Dr. Nadeem Sohail Principal‚ College of Commerce‚ GC University Faisalabad‚ Pakistan Aysha Muneer Research Scholar‚ Superior University Lahore‚ Pakistan Yasir Tanveer Lecturer‚ College of Commerce‚ GC University Faisalabad‚ Pakistan Hussain Tariq Lecturer‚ College of Commerce‚ GC University Faisalabad‚ Pakistan Abstract Retention of employees is one of the most important
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The Impact of Labor Turnover on The Performance of Egyptian Organizations in Private Sector and Factors Affecting Labor Turnover Hossam El Farghaly & Omar Fouad Abstract The main purpose of this study is to analyze the factors affecting "Labor Turnover" phenomena and the impact of Labor Turnover on the performance of Egyptian organizations in private sector. The research study is based on quantitative research methodology; the questionnaires were distributed in many organizations with
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Chapter 1 Introduction 1.1 INTRODUCTION In these changing times both the employee & employer are under tremendous pressure to perform. There is fierce competition not only in the industry but also across categories. This new liberalized cutting edge technology driven environment has made employee retention mind-boggling. The fast pacing change across the globe has made the new employee & employer relationship irreversible. However all corporations not only in IT sector but also traditional
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THE STUDY 1 CHAPTER I INTRODUCTION OF THE STUDY 1. Introduction The project work titled‚ “A Study on Employee Retention Techniques among employes in Salem District Milk Producers Union Limited”. The main objective of this study is to evaluate the employee turnover level of the company. Employee is not an economic factor but a total personality having his own feelings and a sense of responsibilities towards his family‚ the industry and the nation
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Understanding and Controlling Employee Turnover A Review of Relevant Literature Loris Raheem Pearson HR Strategic Planning‚ Spring II 2009 May 21‚ 2009 Contents Cover Page Page 1 Table of Contents Page 2 Abstract Page 3 Introduction Page 4 Cost of Employee Turnover Page 5 Investment in Human Capital Page 6 Compensation Page 7 Conclusion Page 8 References Page 9 Abstract This research paper is an examination
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A STUDY ON EMPLOYEE RETENTION TABLE OF CONTENTS CHAPTER NO. TITLE PAGE NO. 1 INTRODUCTION 1.3 INTRODUCTION TO THE STUDY 1.3.1 Objectives of the study 1.3.2 Need of the study 1.3.3 Scope of the study
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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
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absences are often shorter in duration and are considered within the employee’s control. Causes of voluntary absenteeism are more likely to be consistent over time than are causes of other absenteeism. An example of voluntary absenteeism may be when an employee has an appointment for a car tune up and‚ rather than changing the appointment‚ chooses to miss work to keep the appointment. Involuntary absences are out of the employee’s control such as a child’s sudden illness or one’s own illness. Additional
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