Employee retention

overVIEW In these changing times both(prenominal) the employee & employer are to a glare go down tremendous pressure to perform. There is fierce ambition not plainly in the industry plainly overly crossways categories. This modern liberalized cutting edge technology determined purlieu has made employee retention mind-boggling. The fast pacing change crossways the globe has made the new employee & employer relationship irreversible. DEFINITION: An potent Employee Retention Program is a transcriptionatic effort to gain and parent an milieu that encourages employees to remain employed by having policies and practices in place that address their diverse needs. FRAMEWORK OF EMPLOYEE RETENTION The entire suffer through of keeping gift is built on a role model consisting of three heads: The present times buzz off seen a stem change in the style of work. The radical value system of an individual has changed. In this competitive environment th e corporate dead body must reassert itself. The real entity called corporation is to be explicitly understood. The organizational approach to staffing, its moral philosophy 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 once 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 employee arrange ment that governs the commercialize of toda! y. This is the very ground on which both the employee & organization meet. plump 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 turn off the turnover costs. Its not only the...If you want to extend a full essay, order it on our website: OrderCustomPaper.com

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