Points to remember before you participate in this discussion:
|Megha Tanna said: (Oct 9, 2017)|
|In my point of view, retention of employee is very necessary for any organization because of the following reasons-.
1. Employees are the asset to any organization, they play the role of backbone to the organization.
2. Whenever any employee joins an organization, he/she is been given induction and orientation programmes to understand the culture and work system of that organization, then the training and development is been provided to that employee so that he/she come to know about the methods and pattern which is been followed in that organization. And company spend a lot of money and time on that employee to make sure that the employee performs its best to it.
3. Sometimes it also happens that the organization doesn't want to lose that particular employee, the reason could be that the employee is giving his best to the organization and that became the reason that another competitor is doing headhunting, in that case, company offer that employee other attractive benefits or increase in salary.
So, this is few reasons why the company want retention of their employees.
|Uttara Deb said: (Aug 23, 2017)|
|Retention of employees is needed for any business to ride success but only when the employees are faithful and efficient. Organisations invest lots of money in the development of its employees by imparting training. But many a times employees switch organisations. In this case, it is very much needed for any organisation to delve into the core of the situation and find out the reasons of employee loss. If it is because of lack of job satisfaction among the employees then organisations should deploy efficient methods to retain the valuable employees cause it is very time consuming to train the new employees and it also takes time for a new employee to get settled into the new atmosphere. Moreover, there is always a chance of leaking valuable organisational information during employee loss. So if it is frequent then management should and must change hr policies to retain the efficient employees and not let the brain drain. Thank you.|
|Susanta Das said: (Mar 18, 2017)|
|Retention is needed everywhere in our life it might be for an organization as well as for a business.
For any organization employees are their main asset and employees latent and knowledge helps to enhance the organization growth.
Every organization is choosing the best employee during their interview time as per their requirement.
After the recruitment organization also provides lots of training for each individual for their benefit and also for employee benefit.
After working in a company for a long time there are also emotional attachment is there for an employee. Our first preference to groom ourselves and then looking for Salary. If the employee is capable enough to deliver the best then employer must retain him or her to keep utilizing his or her latent.
Finally I wanted to say Employee and Employer both will be happy if they can understand both side problem.
|Savani said: (Dec 13, 2016)|
|Here so many peoples are talks about retention policy. But I would like to say that if we have seen on the financial side like salary or compensation or any other financial benefit when an employer provides monetary benefits to his employee it's temporary satisfaction on part of employee. Because after some time other company or employer provide only 1000/2000 more then he gets that will change his job. Or leave our organisation. So I think financial policy does not work properly.
So we have to focus on other policy who provide him/her job satisfaction.
|Savani said: (Dec 13, 2016)|
Company will always be taking care of their employees if they are good/best performer. And loyal to the company.
|Savani said: (Dec 13, 2016)|
I also appreciate your point of view retention is always related to good performer employee.
It doesn't matter for expenses for trained new employee when our past employee is not working properly according to company pay for him/her for his work.
|Savani said: (Dec 13, 2016)|
|There are so many types of retention policies are available for different department. Here I am talking about employee retention. Employee retention is not talked about retaining all employees. It's only about key employees who are beneficial for our organisation. For them, we may apply so many retention policies to influence them to stay in our organisation.|
|Tanu said: (Oct 5, 2016)|
|As we all know customer retention is very important for any organisation but we should not forget the employee retention. Employees are the one responsible for the position any company has acquired by time. Their hard-work and loyalty have benefited them as well as the organisation. So, company should give more attention towards the employee satisfaction.
Moreover, if company lose their current employee, then they have trained the new employee. Thus, affecting the company financially.
|Rajash Kumar said: (Mar 31, 2015)|
I think retention should be on the basis of a person performance means if a person is doing good for company that he/she should be retain but if he is not working according to his ability he/she should not be in company. Their should not be any kind of policy in a company.
Selection should be basis on the ability of a person not on the basis of employees basis phenomena. One who has ability to lead from front should be in company. So I think Retention of employees is not good. Guys what you think.
|Mohan Shyam Kaushik said: (May 29, 2014)|
|Now I would like to add my views in this discussion, I really appreciate to all of your views. I know very well some of you are in favour of retention of the employees and some of you are not in favour of retention of the employees. But in my opinion I would like to say that retention of the employees is the most important task of every organisation.
But its depends on the ability, caliber, and work efficiency of the employee. If any employee is giving the best benefit to the company then in this situation the company will never loose such kind of these employees. Every organisation know perfectly about their employees. Who is most important for our company. What is the capacity, work efficiency, of the employees. Who is much more responsible towards his job. So that I want to say that if company feels that this employee will give us more and more then Company will sure retain his employee.
|Remya said: (Nov 25, 2013)|
|I am agreeing with your points and what I would like to say is that retention of employees are must for all organization, whether it is governmental, nonprofit, corporate is not a matter.
The employees are working for the organisation and in return they expect something from employers too. So the employers are liable to provide things to employees, that include good working environment, free food or subsidized food, career development opportunities, appreciate their work like salary hike, promotion, employee award of the months or year etc. Gatherings are also required to get the employees' relaxed like family gatherings, b'day parties etc.
The company need to know the employees' wish, understand their professional problems and try to resolve that. If the employees are satisfied with their current job, the company can reduce the attrition of employees to a certain extent.
|Sushil Gujar said: (Sep 5, 2013)|
|I do agree with retention of employee is necessary because if he/she has already given his precious time to company, then company has to think about them.
Organization has to think are they satisfy with their work?
Are they working in their comfortable zone?
Are they happy with compensation?
Do they have growth after spending 3 years with the organization.
If employee is not under this Umbrella the organization has to commit them for all above things. If organization is ready to fulfill their commitment then their is no problem for Retention.
|Vishal D said: (Sep 1, 2013)|
|Hi Everyone. Yes, I would say retention of employee is necessary in today's world.
1. Employees are asset for any company. If he gets good money for his services then he definitely gives his 100%.
2. Employees are not only working hard but they are also emotionally engaged with the organisation.
3. Yes, I know now a days every one is professional in his field and looking for best opportunities always. However after some point of time he needs stability instead o changing the jobs.
4. Corporate companies offers reward/incentives for the employees who stay connected for long time.
5. Changing the job frequently is not good for individual as well as for the organisation. The company spends time and money on new employees and it becomes waste when the employee lefts the organisation. In same way for the employee it is not a good sign and it raise question on his ability.
6. Staying with the organisation for long time allows employee to gain good amount of knowledge which surely helps him for future growth.
So in my point if view retention of employee is necessary for any organisation. Thanks.
|Nitin said: (Aug 28, 2013)|
|I do agree with above mention points that retention of employee is the utmost important thing for companies and for this companies need to increase their employee satisfaction rate score by conducting one o one of each member of team with manager, need to listen and understand the voice of common employee, appraise them for their good work by small token of rewards, monthly or quarterly team outing plans to increase team bonding and trust between management and employee's.|
|Dr Tomar said: (Jul 20, 2013)|
|Retention of employee come through there working environment and their management. Being a employee I can understand about breathing space in our regular life often we need change and that will play a vital role in employee sustainability which is only provided by employer.
Now a days employer need 1:10 ratio of result. They focus only on achievement part not effort putting by employees.
They should keep focusing in both part target and their achievement with employee sustainability.
|Liz said: (Mar 24, 2013)|
|Employees are the assets of the organisation. Since the attrition rate is high, organisation must understand the various causes for this problem. When Cadbury conducted a survey last year, it was found that around 65% of the employees working in the organisations are not satisfied with the quality of work. When employees feel that something beneficial can be obtained from the organisation for their efforts, they feel self of belonging and their commitment to the work also increases. Thus quality of work is another important reason along with the training and development, compensation provided, motivation level etc. If it can be solved, then retention of employees is also possible.|
|Rajneesh said: (Apr 4, 2012)|
|I Just want to add on here, we all know employees are the assets but somewhat it also depend on his/her superior. While talking about retention superior should have give him some responsible work, prompt him to take initiative apart from that he also would get in emotional touch with employees like asking about family or spouse.|
|Tanutanu said: (Mar 29, 2012)|
|I complelety agre with all of you that employees are indeed the biggest asset an organisation and so, employees' performance ultimately defines the success of an organisation.
As per the current trends, sectors like IT, BPO have a very high attrition rate. Companies spend a lot of employees right from their recruitment, training to motivating them etc and when en employee leaves, then it is a big loss for a company and this problem cannot be tackled just by hiring more people. This is because, it takes a lot of time for an employee to get adjusted to a particular organisation. So, the company needs to value its expereinced employees and try their best to retain them.
For this, the first important thig would be to try to find out the reasons for the attrition. The reasons can be:low compensation, low motivation, less challenging work etc. After finding the reasons, the organisation needs to work on it as soon as possible.
|Sunny Jaiswal said: (Dec 1, 2011)|
|You know, Employees are valuable assets of the organization. The company should take care of employees and they should slso retain them properly. The company should think about welfare of the employees. They should satsfy their basic needs and aso their job security. They should develop their career of an individual in the organization. They should motivate the employees. So, in this way the company can retain efficient employees in the organization. Due to these, the empoyee's effiiciency and productivity will enhance which will benefit for the organization.|
|Nadeem said: (Sep 18, 2011)|
|I do agree above discussion, employees are the valuable assets for the any organization and good companies care for their assets.|
|Ankit Majethia said: (Dec 16, 2010)|
|Employees are the important and most valuable asset in the functioning of any company or any institute. The growth of the company, depends upon the employees. If your employees are happy, they will work more with more energy, which inturn will benefit the company, but if the employees are not happy, it can be reversed. So it very necessary for the company to keep its employees happy.|
|Amuthan said: (Oct 22, 2010)|
|Human resource is the most valuable resource because the success of an organisation depends to a greater extent on the moral and interest of its employees towards work and the progress of the company.
The employees work efficiency increases when he is feels satisfied. Satisfaction comes only when he is ensured of his basics needs of food, shelter and job security.
When he is deprived of any of these basic physiological needs he losses faith in the organisation and as a result his efficiency deteriorates thereby causing an ultimate loss to the organisation.
Thus employee retention is mandatory since the employee with a secured job can contribute whole heartedly with out fear towards the uplift-ment of the company than a temporary employee. In case of incompetencies in employees suitable training may be provided in their field by the company than firing the employees off their job.
|Sam said: (Sep 28, 2010)|
|No company can achieve what they want to with dissatisfied and temporary employees. As such retaining employees is truly essential. Making friends or rather getting into a certain relationship is important but its only valuable and happier when its long lasting. So retention of friend, relationship, customers in business and so employees in company is truly must.|
|Dinesh said: (Jul 11, 2010)|
|Say: time decides whom u meet in life.
Your heart decides whom u want in life.
But your behavior decides who will stay in your LIFE.....
When you rude behave with your employees....no employees stay in your institute..
if no employees there...how many days ur industry/institute will be running.
|Karthik said: (Jul 10, 2010)|
|I do agree that employees are like an eye to the institution. They need to be dealt with great care. An institution without employees is like a two-wheeler with one tyre.|
|Ramesh said: (Jun 25, 2010)|
|Employees are the assets for the company. If company will not be care about their employees than company won't be runing successful a long perod of time.|
Retention of Employees
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