Analysis the relationship between Leadership and employee retention
Introduction:
Employee retention is one of the most critical issues facing managers in organisations as a result of the shortage of skilled manpower, economic growth and high employee turnover. Whereas it is imperative for organisations, through the employment process, to attract and retain quality employees to the organization, it is more important for managers to device strategies with which to retain the talented employees in the service. Retaining quality staff is important for purposes of keeping loyal customers as well as avoiding the costs of replacing the staff. In the current competitive environment the leaders have to steer their organisations in the competitive
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Nonetheless as job flexibility and charitable job fluctuations initiated to growth melodramatically, employers found themselves with the problem of employee turnover then a matching management tool known as employee retention begun to be developed.
Leadership and Leaders Style: Leadership have many characterizations but no real agreement fundamentally it is a association finished which unique being effects the performance or actions of other people. In everyday speech leadership and Management are mistakenly second-hand inter-unsteadily. Management is about emerging, preparation and regulatory of organizational capitals while control is about bring into line of people to the predictable consequences of organisational revelation (S.O Michael, 2008). In directive to principal, one obligation is able to achieve and later the two are carefully connected. Conferring to, management is a procedure of hopeful and serving others to do somewhat of their individual decision neither because it is required nor because of the fear of consequences of
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Gwavuya, 2011)
This relations are extremely powerful persons whichever from personal personality, mastermind aptitudes or their robust radical influence.
The sighted concerns for growth customer’s consummation
Throughout is in earlier upshots such as attached straight to “great men theory” because of their decisions and orders. The aforementioned is likewise additional that not those one and all who have leadership characters will be a leader (J. A Okumbe, Educational Management). While it not compulsory that the trait theory concentrates on factors such as elevation, heaviness, arrival, intellect and temperament of the individual. This theory focuses on individual characteristics of a leader.
Leader’s is revelations that alteration leadership consumes an influence on the administrative learning process.
The most difficult character for a transformational leader is a separate leader must absorb to content the reasons of his or her interior and outside stakeholders (Allen,D.G.2008).
The transformational leader’s performances as robust role replicas interconnect high prospects and inspire
TRANSFORMATIONAL LEADERSHIP Transformational Leadership is defined as leadership style focused on effecting revolutionary change in organizations through a commitment to the organization’s vision. (Sullivan & Decker, 2001) Transformational leaders are usually given higher position and are known for their charismatic sense and ability to develop high visions and regards in the work they do. They often give their best performances due to the low morale or self esteem Example: Steve Job, Bill Gates and Ratan Tata. As the existentialist rightly said, we always have a choice, in doing what we already have done or doing that which we have never done.
These empowering features in the workplace will potentially promote job satisfaction, create greater productivity, and most importantly promote retention of valuable employees. The key to retention is creating and keeping an environment where all of the generations feel welcome and valued. There have four important things to staff retention in organizational is relationships, value, eengagement and health care organization policies. 2.1 Relationship The important of staff retention is relationship with manager.
Bass & Riggio (2005, pp. 4-8) explains that transformational leaders inspire their followers to exceed their own expectations and perceived capabilities and is comprised of the four components of idealized influence, inspirational motivation, intellectual stimulation and individualised consideration. DuBrin (2016, p.163) suggest that leaders in a time of crisis need to
Those individuals who were believed to have these inherent skills were people of very influential status, wartime heroes and those of great wealth. The people who emerge or are most picked to lead have distinctive drives and character profiles (Nicholson, 2013, p.16). Leadership Thought Development from 1900 – 1970 The thought of leadership evolved from the Great Man Theory to Trait Theory and Behavior Theory. The trait theory focuses on identifying distinctive personality traits and characteristics that are associated to successful leadership.
Leadership has been defined in a variety of ways, there are multiple authors and theorists who have tried to define and understand leadership, all leading to varying theories and conclusions, but one thing that is universally understood is the importance of effective leadership and how someone with good leadership skills can impact so many people around them. (Kakabadse and Kakabadse, 1999; Yukl, 2002; Northouse,2013) The main components that have been identified to play a role in leadership are relations between leader and subordinates, interaction form between leader and followers, the influence that the leader has, the way in which the leader behaves and finally a leader’s traits. (Yukl, 2002) These elements that make up a leader, are then used as building blocks to identify the way in which each specific leader deals with its followers.
Transformational Leadership As described by McShane and Von Glinow (2015)
In this regard, leaders and managers can appear at any level of an organisation and are not exclusive of each other (Germano, 2010). Leadership theories identify leaders based upon traits as well as how their influence and power is used to achieve organizational goals and objectives (Germano, 2010). As such, trait based characteristics include leaders such as autocratic, democratic, bureaucratic and charismatic. On the other hand, leadership that is viewed from the perspective of the exchange of power and its utilisation to secure outcomes, are situational, transactional and transformational leaders (Germano, 2010). It is of paramount importance to consider the different types of theories of management and leadership and their potential impact on organizational strategy being that management and leadership plays a vital role in the success of businesses.
Individual Reflective Paper Introduction Leadership, a controversial concept, has been studied for centuries. Scholars who study leadership have argued with the insight of leadership for many decades and finally promote a wide range of understandings of it. This course “values and leadership” introduces the basic principles and concepts about leadership, and provides us with some conceptual knowledge and practical approaches to be an outstanding leaders. I chose to take this course because I am interested in the topic about leadership.
This section reviews theories on employee retention. 2.2.1 Herzberg Two Factor Theory Frederick Herzberg (1959) two-factor theory is also known as the motivation-hygiene or the dual-factor theory. Herzberg’s theory states that certain factors in the organization related to the contentment of the job which provides satisfying experience for employees while separate set of hygiene factors cause dissatisfaction among employees in the workplace. The former factors are called motivators or satisfiers and include achievement, recognition, the work itself, responsibility, opportunity to do something meaningful, sense of importance, advancement and growth while the former factors are known as hygiene factors such as job security, fringe benefits, salary paid
Organisations have long struggled to retain employees without pouring in too many resources into incentives, however there are many other factors that influence the motivation for an employee to work for an organisation. The following factors are very important to retaining employees: ➔ Vision and Mission: Each organisation has a vision set by its leaders, a ground basis on which it stands for. This vision is the key for driving innovation, research and development for the company. Vision is also the driving force and motivation for its employees, to push their limits and to outperform the competition.
This paper will examine the three leadership theories, identify how they apply to my practice, and explore how these theories interact with each other. The Trait Leadership Theory is based on the belief that a person is born with special traits contributing to natural leadership abilities. Studies of famous historical leaders have been used to identify various traits for this theory. Although the list of traits differs from study to study, there are five major traits that are consistent throughout most studies.
This paper is going to encompass different leadership theories and their relevance to my own personal personality and method of leadership. There will be information on the advantages and disadvantages of the leadership theories and information on each including examples. The purpose of this paper is to view various kinds of leadership theories and apply them to a real-life scenario. Leadership Theories There are quite a few different leadership theories available for people to take information from and use in business settings and even personal settings.
Create a comfortable and healthful environment. Employee retention is significant for the lengthy-time period, development and success of the corporations. So, eventually if we truly respect, appreciate, and treat the staff proper we can never lose them. Employee retention could be very beneficiary for the organization as well as the worker. It is the sole responsibility of the management to keep the best expertise.
If the behavior theory can identify the key determinants of leadership, people can actually train to become a leader. This is the premise of the management development plan. There are many different types of behavioural leadership styles. Each style suggests that the leadership role is based on the leaders’ concern for the people being led and the level of achievement that needs to be
‘Organizations provide its managers with legitimate authority to lead, but there is no assurance that they will be able to lead effectively’ (Lunenburg, 2011). Organizational success usually requires a combination of both management and leadership. In today’s dynamic work environment, leaders are expected to challenge the present state of affairs, and to motivate and convince organization members. Managers are needed to assist in creating and maintaining a positive and well-functioning workplace. ‘Leadership and management are often considered practically overlapping concepts’ (Bohoris and Vorria, 2007, p. 1).