Importance Of Employee Retention

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Need and importance of employee retention Hiring is a difficult process: The HR personnel shortlist a number of individuals from a large pool of talent. They conduct interviews and refer them to senior managers who assess the shortlisted. Recruiting the right candidate is a tedious process. An organization invests financial resources in grooming an individual and make him job ready: A new recruit is completely raw and the management really has to work towards his talent polishing. It is a complete wastage of time and money when there is a sudden resignation of such recruit. The same recruitment process will be started all over again for the same job; a mere duplication of work. When an employee resigns from his present organization, it is…show more content…
Performance reviews are a must. The HR along with the respective team leaders must monitor their team member’s performance to ensure whether they are enjoying the work or not. Role of Team Leaders and Supervisors in Employee Retention Employee retention includes various steps taken to satisfy the employees so that they stay with the organization for a longer duration. Strong measures must be taken to retain the high potential employees who have spent a good amount of time in the organization and know it in and out. An employee quits his job whenever he faces problems at the workplace and is not satisfied with his work. Members are contented with their work and share a good rapport amongst themselves. The team members must be assigned responsibilities as per their specialization, qualification, interests as well as experience. The team members must find their job interesting for them to enjoy and work hard to achieve the organization goals. An overburdened worker never finds his job interesting and would always be eager for a change. It is the duty of the team leader to distribute the work equally among all the…show more content…
Such employee prioritizes his work and does not get time for controversies. As part of the organization for some time, employees find it difficult to leave when they enjoy a cordial relation with their colleagues. Coaching and monitoring of team members by their team leaders also create job satisfaction and also a sense of responsibility. Performance reviews are a must to make sure every one finds his job interesting. Challenges in Employee Retention In the current scenario, a major challenge for an organization is to retain its valuable and talented employees. The management can control the problem of employees quitting the organization within no time to a great extent but can’t put a complete full stop to it. There are several challenges to it. Let us understand the challenges to employee retention: • Monetary job satisfaction, job dissatisfaction is a major reasons why an employee would look for a change of job. • In the current scenario, where there is no dearth of opportunities, stopping people to look for a change is a big challenge. • Individuals speak all kind of lies during interviews to get a job. • Some individuals have a tendency to get bored in a short span of time • Unrealistic expectations from the job also lead to employees looking for a
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