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Essay On Employee Retention

708 Words3 Pages

EXECUTIVE SUMMARY

The obstacle is not only to attract the best talent but also to retain them.

*Increasing opportunities for carrier development.
*Lifestyle choices.
*Job switching.
*Unbalanced work life.

Which influences an individual’s decision to continue or leave?

Employee retention is a process in which the employees are encouraged to remain or stay with the organization for the maximum period of time or until the completion of the project.
And not leaving the job. Or, in a layman’s language it is retainment of the employees. We or the companies can’t stop an employee from leaving unless we have a plan to make them stay with us or the organization.

Some of the reasons I have got to know about the switching off jobs so often
-Environment or circumstances - Work culture
-Relationship
-Growth -Compensation
I got to learn why retaining them is important The cost of turnover. They are an integral part of the organization, without them it will not grow and be able to achieve anything. Goodwill of the company. Interruption in the customer service. The loss of company’s knowledge. Maintaining the efficiency. Turnovers lead to more turnovers. Herd mentality people posses.
Retention is all about: …show more content…

Managers rarely agree that retaining best employees ensures satisfaction of the consumers, product and service sales, satisfied co-workers, goodwill of the organization etc. But it does to some extent. So, in the end if we truly respect, appreciate, and treat the employees with whole hearted, we will never lose them. Employee retention is very beneficiary for the organization as well as the employee. They are not the ones who don’t have good opportunities arising. As soon as they feel they are not satisfied with the current employer or the job, they switch to the next job. It is the responsibility of the employer to retain their best

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