Employee retention

oerVIEW In these changing times both(prenominal) the employee & employer atomic number 18 to a trim head tremendous pressure to perform. There is fierce contender not plainly in the industry plainly similarly across categories. This modern liberalized cutting edge technology operate purlieu has made employee retention mind-boggling. The fast pacing change crossways the globe has made the new employee & employer relationship irreversible. DEFINITION: An impressive Employee Retention Program is a arrangementatic effort to gain and rear an surround that encourages employees to remain employed by having policies and practices in place that address their diverse needs. FRAMEWORK OF EMPLOYEE RETENTION The entire concord through of keeping gift is built on a role model consisting of three heads: The present times set out seen a stem change in the style of work. The rudimentary value system of an individual has changed. In this competitive envi ronment the corporate dead body must reassert itself. The rattling entity called corporation is to be explicitly understood. The organizational approach to staffing, its ethical motive policy, and compensation package, 11 fringe benefits sluice the pathos of the organization can be turned towards its advantage. The fashion in which a corporation portrays its image is the beginning of the talent keeping process.

The employee was at a time treated merely as an asset, but today he is treated as family as a unique individual. His aspirations, goals, ambitions, are all given pivotal importance. This is the new empl oyee arrangement that governs the mart of to! day. This is the in truth ground on which both the employee & organization meet. adept understanding of market structure, the emergence of intermediaries, their scotch implications, the government policy. This defines the very environment in which the organization functions. FACTORS causing EMPLOYEE TURN OVER: IMPORTANCE OF EMPLOYEE RETENTION: Retention is so important. It just to stamp down the turnover costs. Its not only the...If you want to lower a full essay, order it on our website: OrderCustomPaper.com

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