Employee Retention as a challenging task for various organizations - Dissertation Example

Comments (1) Cite this document
The discussion seeks to answer the questions: What factors contribute to employee retention? What are the major causes increasing labour turnover rate? What are the remedies to handle that labour turnover rate? How to ensure durable employee retention? …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.6% of users find it useful
Employee Retention as a challenging task for various organizations
Read TextPreview

Extract of sample "Employee Retention as a challenging task for various organizations"

Download file to see previous pages From this research it is clear that employee retention has become a challenging task for various organizations. Organizations always prefer to retain the highly potential employees as they consider them to be an asset. The successful retention polices are always attached with the talent management approaches envisioned and designed to increase workplace productivity. Retaining and utilizing talent can be used to increase the workplace productivity. For this purpose, learning environment can be ensured by establishing the approaches such as gap and appreciative approach. The purpose of both approaches is to assess the current performance and potential of the employees. The organization faces issues such as job content and prospects. The majority of left employee believed that they it would be of no use to expect career growth and increase in pay and benefits. And others believed that it would be useless to continue providing services as their current employment job content did not meet with their experience, qualification and expertise. Others were of the view that the management did not pay much and there would be lesser chances of growth in benefits. The management must take into account such causes. Importantly, the human resource personnel must develop job content appropriately resembling with the experience, qualification and expertise. The potential employees must be provided a job content copy and their approval must be sought. The management must provide a workplace environment in which the employees should remain optimistic about their career growth and development. They must consider themselves to be a part of the organization. For this, management must ensure appropriate remuneration, learning and development opportunities. Table of Content Content Page Number Project aim and objectives 1 Project plan and approaches 2 Literature review Introduction 4 Definition of Retention 4 Retention Factors for Employees 4 Learning and work Environment 6 Skill recognition 6 High Potential Employees 7 Training and Development 8 Talent 8 Summary 9 Critical Evaluation and Analysis of the Data 11 Discussion 17 Conclusion and Recommendations 19 References 22 Project aim and objectives Comprehending the major organizational and personal factors contributing towards employee retention Highlighting the significant factors that directly or indirectly enhance the labour turnover rate Assessing workable strategies capable enough to diminish labour turnover rate Research Questions What factors contribute to employee retention? What are the major causes increasing labour turnover rate? What are the remedies to handle that labour turnover rate? How to ensure durable employee retention? Project plan and approach The primary approach method has been used to collect data for the paper. The primary research method is a research method used to collect firsthand information in order to entertain research aims and objectives along with research questions. Before going to embark upon the paper, the project aim and objectives were selected. The development of the project aim and objectives necessitated to begin the next step. In the next step, data was collected from the company. The primary data consists of employees left the organization along with their reasons mentioned in that sheet. For any project, the primary data is fundamentally important as it is evaluated subsequently in the light of the project aim and objectives. However, before going to begin evaluating that data, the portion of literature review was completed. The literature review provided the fundamental factors necessary for employee retention. The authentic and reliable sources were employed to acquire information for the literature review. The literature review was completed with a critical approach. After completing the literature review, the critical evaluation and analysis of the primary data was carried out. While critically analysing the primary data, multiple perspective approach was used. The ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Employee Retention as a challenging task for various organizations Dissertation”, n.d.)
Retrieved from https://studentshare.org/business/1395990-employee-retention-as-a-challenging-task-for-various-organizations
(Employee Retention As a Challenging Task for Various Organizations Dissertation)
“Employee Retention As a Challenging Task for Various Organizations Dissertation”, n.d. https://studentshare.org/business/1395990-employee-retention-as-a-challenging-task-for-various-organizations.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
tschowalter added comment 10 months ago
Student rated this paper as
The topic of "Employee Retention as a challenging task for various organizations" is quite often seen among the assignments in university. Still, this paper opens a fresh perspective of seeing the problem. I’ll use the idea for my own document.

CHECK THESE SAMPLES OF Employee Retention as a challenging task for various organizations

Employee retention and development

...? Human Resource Management: Employee Retention and Development Introduction Manpower shortage, especially skilled manpower shortage is a major problem in western countries like America, Britain, Germany, Australia etc. Organizations in these countries are outsourcing most of the jobs to cheap labour oriented Asian countries in order to compete effectively in the extremely globalized international market. The demand for skilled workers is huge in these countries and organizations are ready to provide any facilities to employees in these countries. However, it is difficult for organizations in these countries to retain their existing...
12 Pages(3000 words)Essay

The Importance of Employee Retention

...that does not emphasize on its multidimensional aspects. Employee retention is primarily a human resources related issue, which is an integral part of the cultural analysis of the corporate world. Here, the word culture points to the work culture of the company, which further spans over the other important topics like business organization, strategic management, organizational behavior, etc. (Garavan, 2007) According to the experts of Management Study Guide (2012), “Employee Retention refers to the techniques employed by the management to help the employees stay with the organization for a longer period of time....
5 Pages(1250 words)Term Paper

Employee Recruitment and Retention in Khafji Joint Operations and Interventions to Improve Hiring and Retention of Competent Human Resources

...owned small business, limited funds and time may result to the lack of formal processes in recruitment. Note that attracting the precise employee is the first stage in establishing the employer and employee relationship. From this point, is it most possible to determine the characteristics of the existing business recruitment processes which contribute to the effective attraction outcomes. Other than recruitment process, retention is very essential factor in any business. The overall aim of a retention program is to make sure that a company is able to hold the most qualified personnel or staff (University of Michigan, 2005). The...
6 Pages(1500 words)Research Proposal

Employee Retention

...Employee Retention “To very few research projects have been conducted to develop more efficient retention strategies of hourly employees and the identification of methods to reduce their turnover rate.” –Milman and Ricci, 2004 Introduction The work force of any company or organization is clearly the entity that drives any successful business and corporate endeavor. However, its behavior can be affected by a wide variety of factors that may alter the company outcome, income and the services that it offers to its consumers drastically. One of these factors, include the ability of a company to entice their work force to maintain allegiance and exhibit...
8 Pages(2000 words)Essay

Employee retention

...Employee Retention: In a slowed economy, it is imperative that organizations consciously work to retain employees. The cost associated with retraining new employees can prove astronomical. Not only do retaining the best and brightest staff gives a company the competitive advantage it can boost morale and overall productivity. Management should make it a priority to make employees feel valuable and create an all inclusive atmosphere. To reduce the costs of high turnover, effective human resource managers should implement strategies to retain employees and thoroughly assess the reasons for departure. One of the first things a company can implement to retain employees is to offer benefits both tangible and intangible. According... ...
7 Pages(1750 words)Essay

Employee retention

...to an increased interest in research in the area of Employee Retention. Employee retention is the set of tools, processes and techniques that HR managers shall use to encourage employees to be in the organization for maximum amount of time. The main objective of employee retention processes is to reduce the voluntary turnover. It is important to note that these are not just a set of HR practices but it also requires an understanding of the psyche of the employees and their interrelationships with their subordinates and managers. This paper does a literature review of the...
8 Pages(2000 words)Term Paper

Managing Employee Retention and Absenteeism

...added pressure on the employees to perform at their best all the times but they also have greater opportunities. Therefore, if an organization cannot understand what the employees want it will not be able to effectively manage them and extract maximum output. There are numerous challenges and issues that the human resource professionals encounter. The various issues that crop up with respect to human resource management are job design job flexibility, psychological disorders related to work, performance management, employee’s wellness and work life balance, employee retention, absenteeism, etc. Most of...
7 Pages(1750 words)Essay

Employee loyalty and retention

...Module Employee Loyalty and Retention Employees are one of the key resources that determine the success of a firm. Loyalty is depicted when an employee endeavours to reach organization goals and purposes, growing within the firm and ultimately creating value for clients. Employee loyalty directly influences retention thereby preventing turnover when the loyalty levels are high. Employee loyalty and the subsequent retention depend on a number of factors whose presence or absence will determine loyalty and retention. One of the factors that influence...
3 Pages(750 words)Research Paper

Employee retention/motivation

.... The changes in the mindset of the employees could be brought about by the co-ordination of its resources. The various resources that could contribute to the cause of employee retention are the senior manpower resources of the company who could guide the junior employees of the relative benefits in their course of daily work. The monetary resources are also spent in conducting trainings and seminars in order to channelize the energy of the youth in a proper direction for the organizational cause. Measures of employee retention The measures of employee retention are important as the...
2 Pages(500 words)Assignment

Recruitment and Retention within a Complex International Market

... Recruitment and Retention within a Complex International Market INTRODUCTION Employee recruitment and retention is one of the challenging tasks of organizations at present. Out of the four Ms of business resources, Man, Material, Machine and Money, Manpower seems to be the most critical aspect of business. Only man would be able to think and take decisions and he is responsible for utilising the other resources. So the role of manpower in an organization cannot be questioned by anyone. Globalization has created lot of opportunities to the business world because of the free trade agreements between many countries as...
12 Pages(3000 words)Dissertation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Dissertation on topic Employee Retention as a challenging task for various organizations for FREE!

Contact Us