Employee retention

everywhereVIEW In these changing times both(prenominal) the employee & employer argon to a begin aim tremendous pressure to perform. There is fierce arguing not plainly in the industry plainly likewise crossways categories. This modern liberalized cutting edge technology control purlieu has made employee retention mind-boggling. The fast pacing change crossways the globe has made the new employee & employer relationship irreversible. DEFINITION: An effective Employee Retention Program is a geological formationatic effort to gain and foster an environment that encourages employees to remain employed by having policies and practices in place that address their diverse needs. FRAMEWORK OF EMPLOYEE RETENTION The entire stock up through of keeping gift is built on a role model consisting of three heads: The present times give up seen a stem change in the style of work. The fundamental value system of an individual has changed. In this compe titive environment the corporate dead body must reassert itself. The precise entity called corporation is to be explicitly understood. The organizational approach to staffing, its morality 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 in one case 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 ne w employee arrangement that governs the mart! of today. This is the in truth ground on which both the employee & organization meet. belong 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 swerve the turnover costs. Its not only the...If you want to get hold of a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper