Factors Affecting Employee Retention
EXECUTIVE SUMMARY
The present study was undertaken in ABC Consultants Private Limited, located at the New Delhi. The objective of the study was “to determine the factors that aid in employee’s recruitment and retention in an organization.”
The study examines different aspects of Employee Recruitment and Retention practice like Motivation, Employer Branding, leadership communication, commitment, job content, training, rewards and recognition opportunities, teamwork, superior subordinate relationship and delegation.
The research done is descriptive study involving survey and enquiry. The objectives are specified with sufficient precision to ensure that data collected is relevant.
The tools used for the data collection in the present study
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Abstract
According to Edwin B. Flippo, “Recruitment is the process of searching the candidates for employment and stimulating them to apply for jobs in the organization”. Recruitment is the activity that links the employers and the job seekers
It is the process to discover sources of manpower to meet the requirement of staffing schedule and to employ effective measures for attracting that manpower in adequate numbers to facilitate effective selection of an efficient working force.
Recruitment of candidates is the function preceding the selection, which helps create a pool of prospective employees for the organization so that the management can select the right candidate for the right job from this pool. The main objective of the recruitment process is to expedite the selection process.
INTRODUCTION & LITERATURE REVIEW
Recruit to Retain
Aim: To determine the factors that aid in employee’s recruitment and retention in an
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Usually, the recruitment process starts when a manger initiates an employee requisition for a specific vacancy or an anticipated vacancy.
Purpose & Importance of Recruitment
Attract and encourage more and more candidates to apply in the organization.
Create a talent pool of candidates to enable the selection of best candidates for the organization.
Determine present and future requirements of the organization in conjunction with its personnel planning and job analysis activities.
Recruitment is the process which links the employers with the employees.
Increase the pool of job candidates at minimum cost
Help increase the success rate of selection process by decreasing number of visibly under qualified or overqualified job applicants.
Help reduce the probability that job applicants once recruited and selected will leave the organization only after a short period of time.
Meet the organizations legal and social obligations regarding the composition of its workforce.
Begin identifying and preparing potential job applicants who will be appropriate
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