Employee retention

In the modern business competitive world, employee retention became an important element which has to be considered by every organization because due to increasing opportunities in the market, the employees are skittering from one organization to the another where better position and salary are offered.

Employee retention refers to the ability of an organization to retain its employees. Generally, employee retention is considered as an employer’s attempt to retain the employees in their organization. In this view, retention considered as strategy more than an outcome.

This article contains the description about the concept of employee retention, different retention strategies used in the organization. It includes the notion of employee turnover and its factors. It also includes best practices like recruitment, socialization, training and development, employee engagement, compensation and rewards for the retention of employees.