Employee Retention | Reasons Why Employees Leave | Why Retain Employees | Importance of Retention |

Jigyasa
Jigyasa
9.4 هزار بار بازدید - 3 سال پیش - 11-12 | BBA | BBS
11-12 | BBA | BBS | BCOM | MBA | UGC-NET | employee Retention, Reasons why employees leave. why retain employees. Importance of retention,

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What is Employee Retention
Employee retention refers to the ability of an organization to retain its employees.
Or
Employee retention refers to the various policies and practices that let the employees stick to an organization for a longer time.
Why do Employees Leave
Leave an organization out of frustration
Constant friction with their superiors or other team members.
Low salary
Lack of growth prospects
Lack of motivation
Lack of recognition
Lack of tools and resources
Excessive workload
Lack of training
Poor senior leadership
Poor communications
Poor management
Lack of teamwork
Why is retention so  important
The Cost of Turnover

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#retention
Loss of Company Knowledge
Disruption of Customer Service
Turnover spirals into more turnover
Reasons of Retention
Existing employee skills, talents, values, aptitude, commitment, and contribution is known better based on  performance
The potential of a new employee, sometimes, maybe a myth.
Existing employee's cultural fit is judged and  tested
Existing employees' aspirations and expectations are clear.
Existing employees have already completed the adjustment stage and are in contributing and performance stages.
Existing employees are aware of the company and community environment  and climate
There won’t be further recruitment, relocation and training costs,  in case of existing employees.
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