Perspective Analysis of Key Retention Strategies adopted by the Organizations

Organizations try to survive in highly capricious environment which is surrounded with radical trends, accelerating products and technological changes, global competition, deregulation, demographic changes and many other such regulations while dealing with such problems they must endeavor for building an information age society Due to this challenging environment the organizations and companies are constantly looking to prospect and maintain a workforce of top quality employees. Though attracting and retaining great talent can seem like a neverending quest. The success of every organization reckons on numerous reasons but the most crucial which affects the organization's performance is its employee. Human resources play a fundamental role in achieving an innovative and high-quality product/service. If the employees of an organization are satisfied with their jobs, the organization can achieve its goals very candidly. The HRM practices aims at optimal utilization and management of their human resource effectively in order to achieve maximum output.

There have been lots of research work on retaining the key employees in different sector; however my research would aim to bring forth the challenges faced by employers to retain key or key employees in the Health Insurance sector. I would try to analyze the Human Resource practices employed or undertaken by the companies to retain the employees.

The purpose of this research project is to gather information that would assist in the retaining work force in organization. This research paper utilizes an evaluative research methodology. The paper will explain retention strategies with retention factor & relation of factor and retention.