International Journal in Management & Social Science
Year : 2014, Volume : 2, Issue : 1
First page : ( 7) Last page : ( 18)
Online ISSN : 2321-1784.

Employees retention -biggest challenge for industries

Dr. Bhardwaj Garima

Asst Professor, DIT, Great Noida

Online published on 7 June, 2014.

Abstract

The impact of employee turnover has received considerable attention by Top level management, human resources management, and industrial consultants. It has proven to be one of the most costly and apparently inflexible human resource challenges confronting organizations. The purpose of this paper is to identify why employees are leaving the departments and to propose ways to improve employee retention. This paper provides a summary of information, on the costs of employee turnover, factors contributing to its amount in organizations, and proposed remedies.

It concludes that there are methods of avoiding employee turnover which are briefly touched upon within the scope of this present research. The writer further concludes that there are methods that hold promise for the organization in the reduction of employee turnover and the costs in terms of finance and productivity that the organization suffers due to employee turnover. Employee retention can Influence the profitability of companies. It is important to look at the existing models that show a certain relationship between employee satisfaction and the profitability.

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