HRM Practices and Retention of Employees

The challenging and competitive business environment in the global era has led to a change in the job demands and employee skills. Retention of talents is a challenge faced by the business organizations in today's competitive environment. The intelligent employers realized the importance of retaining best talents and started adapting strategies emphasizing retention management. HRM practices like fair pay, Flexi timings, attractive benefits, career growth, learning and development, healthy work environment, supportive-inspiring boss, motivated co workers, inspiring clients, recognition and respect may add to the feeling of belongingness and the interest of an employee to work in a great place. The subject of managing for employee retention involves a company's strategic actions to keep employees motivated and focused so that they remain employed and fully productive for the benefit of the organization.