Employee retention

everyplaceVIEW In these changing times both(prenominal) the employee & employer are to a lower touch tremendous pressure to perform. There is fierce opposition not plainly in the industry plainly too across categories. This modern liberalized cutting edge technology impelled purlieu has made employee retention mind-boggling. The fast pacing change crossways the globe has made the new employee & employer relationship irreversible. DEFINITION: An efficient Employee Retention Program is a compositionatic effort to gain and cherish 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 aim through of keeping gift is built on a role model consisting of three heads: The present times engage seen a stem change in the style of work. The prefatory value system of an individual has changed. In this competitive environment the co rporate dead body must reassert itself. The precise entity called corporation is to be explicitly understood. The organizational approach to staffing, its ethics 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 one 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 employee arrangement that g overns the trade of today. This is the v! ery(prenominal) ground on which both the employee & organization meet. run 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 centre the turnover costs. Its not only the...If you want to accept a full essay, order it on our website: OrderCustomPaper.com

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