Retention of Employees

@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.

@Ramesh.

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

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.

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.

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.

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.

Thank you.

Retention of employee is very much important for any organisation. Because whenever a company hair any employee then they expected lot from them that's why they are giving training and try their best to built them. But sometimes employee do not satisfy with the organisation and then they decide to live it. So in that case the organisation facing lose of money as well as time and if the employee are doing well or doing good for the organisation then it will become a great lose.

Hi Guys,

I would like to say my views, I agree with you all who says that employee retention policy is really good those who worked hard and contributes for the company growth. When we are checking with employee biodata with previous achievements, if it really good then he should deserver for it. Due to some obstacle or family prolbem or who knows its peer problem, due to some reason he/she might have quit, so we need to re-consider to hire him/her again to the organization.

Employees are the assets of company. Company should care of employees those who have given his/her best to organization to achieve goal. Company should not loss them.

Employees are the most important thing in industry or company without them nothing is going to work.