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
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marketing decisions by require an understanding of consumer behavior o Collect information about the specific consumers involved in marketing decisions o Involves ethical issues‚ that affect firm‚ individual and society. Customer value • The difference between all the benefits derived from a total product and all the costs of acquiring those benefits. • It is critical that a firm consider value from the customer’s perspective. • Consumers want things
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Strategic planning is an organization’s process of defining its strategy‚ or direction‚ and making decisions on allocating its resources to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy. Strategic planning became prominent in corporations during the 1960s and remains an important aspect of strategic management. It is executed by strategic planners or strategists‚ who involve many parties and research sources in their analysis of the
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These policies are often in the form of employee manuals‚ which all employees have. Employee Retention Effective employee retention is a systematic effort by employers to create and foster an environment that encourages current employees to remain employed by having policies and practices in place that address their diverse needs. A strong retention strategy becomes a powerful recruitment tool. Retention of key employees is critical to the
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How to Talented Employees Retention Introduction The world economic is in the stage of globalization. Businesses have to compete in many aspects in which quality is the most important factor (Barney‚ 1991). The quality affect in many departments‚ especially Human Resources (HR). More than ever‚ HR which bring the success or failure of business becomes scarcely. In fact‚ the hiring of skilled employees was difficult‚ but keeping them even harder. They leave after they have been trained or been
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Internet Customer Acquisition Strategy at Bankinter Fields in orange color can be changed by the user Discount Rate 10% Active Clients Ratio UnProfitable to Profitable Expected Years in Bank Profitable Clients Expected Years in Bank Not Profitable Clients Cost of Not Profitable clients Profitability of profitable clients Year 0 Year 1 Year 2 Year 3 + Year 0 Year 1 Year 2 Year 3 + 8700 35859 1.52 7.37 3.52 -494.12 -97.19 -26.52 -17.79 -41 426
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Table of Contents 1. Introduction 1 2. Analysis the market of Samsung Company 2 3. The Strategy of Samsung 4 4. The competition between Samsung and other companies 7 5. Conclusion 8 Reference 8 1. Introduction Nowadays‚ electronic products are loved by people‚ and have become the trend of the necessities of life and the pursuit of goods. In the face of fierce competition and huge market potential of electronic industry‚ the major foreign manufactures and domestic manufacturers both
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Monsoon Monsoon is traditionally defined as a seasonal reversing wind accompanied by corresponding changes in precipitation but is now used to describe seasonal changes in atmospheric circulation and precipitation associated with the asymmetric heating of land and sea. Usually‚ the term monsoon is used to refer to the rainy phase of a seasonally-changing pattern‚ although technically there is also a dry phase. The major monsoon systems of the world consist of the West African and Asia-Australian
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EMPLOYEE RETENTION AMONG EXECUTIVES AT BGR ENERGY SYSTEMS LTD‚ CHENNAI DR. R. AKILA* *Professor‚ Department of Management Studies‚ Jeppiaar Engineering College‚ Rajiv Gandhi Salai‚ Chennai‚ Tamilnadu – 600119. ABSTRACT The employee retention program at BGR Energy consists of only basic daily needs of the employee. Employees are found to be dissatisfied with it. This is found to be the threatening factor for higher employee turnover rate. To study the opinion of executives on employee retention attributes
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Employee Retention Definition of Retention According to Phillips and Connell (2003)‚ Retention is the percentage of employees remaining in the organization. Based on Carsen (2002)‚ Retention simply refers to how many of your current employees stick around over a given period of time. Definition of Compensation According to Mondy and Noe (2005)‚ Compensation is defined as a specific amount of rewards that are provided to employees in return for their services. According to Dessler and Tan (2009)
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