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Why Are Employee Retention Strategies Important?

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    Employee Retention refers to the techniques employed by the management to help the employees stay with the organization for a longer period of time. Employee retention strategies go a long way in motivating the employees so that they stick to the organization for the maximum time and contribute effectively. Sincere efforts must be taken to ensure growth and learning for the employees in their current assignments and for them to enjoy their work. Employee retention has become a major concern for corporate in the current scenario. Individuals once being trained have a tendency to move to other organizations for better prospects. Lucrative salary, comfortable timings, better ambiance, growth prospects are some of the factors which prompt an employee to look for a change. Whenever a talented employee expresses his willingness to move on, it is the responsibility of the management and the human resource team to intervene immediately and find out the exact reasons leading to the
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Effects of a Poor Employee Retention

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Effects of a Poor Employee Retention    *  Employees are the major assets of any organization. r etaining a positive and motivated staff is vital to an organization's success . High employee turnover increases expenses and also has a negative effect on company morale. Implementing an employee retention program is an effective way of making sure key workers remain employed while maintaining job performance and productivity. Let us go through some of the  after effects of poor employee retention:          Every organization invests its time and money in training a new joiner to bring him at par with the existing employees . The organization is at a complete loss when the employees quit all of a sudden. Hiring needs to be done all over again and still there is no surety whether the new joiner would be apt for the profile or not? One wrong person hired and the output of the entire team and eventually the organization goes for a toss.       Individuals
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