Retention of Employees

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.

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.

Thank you.

@Ramesh.

Company will always be taking care of their employees if they are good/best performer. And loyal to the company.

@Rajash Kumar,
I also appreciate your point of view retention is always related to good performer employee.

@Tanu
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.

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.

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.

Thank you.

Hi friends.

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.

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.

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.

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.

Thank You.