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Tuesday, December 22, 2009

Synopsis on Employee Retention

Definition:
“Employee retention is a process in which the employees are encouraged to remain in the organization for the maximum period of time.”
Employee Retention involves taking measures to encourage competent employee to remain in the organization for the maximum period of time. Corporate are facing a lot problem in employee retention these days. Hiring knowledgeable people for the job is essential for an employer. But retention is even more important than hiring. There is no dearth of opportunities for a talented person. There are many organizations which are looking for such employees.

If a person is not satisfied by the job he is doing, he may switch over to some other more suitable job. In today’s environment it becomes very important for organizations to retain their employees. The reason may be personal or professional. These reasons should be understood by the employer and should be taken care of. The organizations are becoming aware of these reasons and adopting many strategies for employee retention.
There are various HR issues the a corporate deals
1. EMPLOYEE TURNOVER
2. ATTRITION
These basic needs other than routine and future HR tasks are to be taken care of on Priority before it becomes late.

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