Employee Retention in Workplace - 3088 Words - Free Essays.
Literature Review “An effective Employee Retention Program is a systematic effort to create and foster an environment that encourages employees to remain employed by having policies and practices in place that address their diverse needs.
Employee retention policies are long-term structural policies of the organization developed to ensure continuity and over-all sustainability of the organization. It is an important set of rules and guidelines that will mitigate any potential detrimental effects of employees leaving. Employees leave the organization mostly out of frustration.
Employee retention would require a lot of efforts, energy, and resources but the results are worth in it. Successful organizations realize that an effective employee retention plan will help them sustain their leadership and growth in the marketplace.
Employees want to make progress, to get ahead. They want to make that next step up the career ladder. They think about where they would like to be in 5 years time, in 10 years time. Their loyalty is largely to themselves, to make the most out of the natural talents, the skills, and determination they possess.
In this review paper we study about the various HR practices that help employee retention and foster employee commitment in the organization. Today employee retention is the top priority of organizations due to increasing competition.
Employee Retention Strategies. Reviewing Budget on Recruitment. The best way for an organization to retain its employees is to review budget allocated to the recruitment where limiting the budget may discourage it from allowing its employees to leave.
One of the biggest challenges faced by companies is the retention of employees. Studies undertaken in the area indicate that the high turnover rate, especially characterized by voluntary dismissal.
This study on a literature review on employee retention has the following objectives: A. Critically analyse various works done in the field of employee retention. B. To highlight the reasons for employee departure and various retention strategies followed. C. To highlight the recent trends followed to retain the employees.
Employees are making careers at Starbucks instead of dropping out. Starbucks offers their employees increased training and career advancement and this is a key factor in employee retention. Thirdly, the right job fit is an important component in employee retention.
The objective of this paper to review the research papers by various researchers in the topic of employee retention which helps the HR managers to frame strategies to retain or enhance the duration of the employees in an organization.
Employee Retention Objectives of the Study As a person with knowledge of staff turnover and retention, the author has always brought up to his superiors the viability of strategy formation regarding staff turnover and retention management and at times fail to understand the reasons or logic behind certain strategic implementations imposed on it.
Keeping into account the importance and sensitivity of the issue of retention to any organization, the present study tries to review the various available literature and research work on employee.
Employee Retention Critique Article Review In other words, you are required to write a critical review of one academic article on topics related to management, HR or business. Write a 1,500 words critical review on the following academic article.
