Retention of Employees

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.

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

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 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.

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.

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.

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.

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.

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.

@Ramesh.

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