- Version
- Download 9
- File Size 73 KB
- File Count 1
- Create Date 15/02/2024
- Last Updated 22/08/2024
A Study of Retention Strategy for Employees download synopsis
Download Synopsis: A Study of Retention Strategy for Employees
Employee retention is a critical aspect of human resource management that directly impacts organizational performance, productivity, and competitiveness. As businesses strive to attract and retain top talent in today's competitive market, the implementation of effective retention strategies becomes paramount.
This synopsis presents an overview of a study conducted to analyze retention strategies for employees, focusing on their effectiveness, challenges, and implications for organizational success.
Objective:
The primary objective of this study is to examine retention strategies for employees and assess their effectiveness in addressing turnover challenges within organizations. The study aims to identify key factors influencing employee retention, evaluate the impact of retention initiatives, and provide insights into best practices for enhancing employee engagement and loyalty.
Key Highlights:
1. Understanding Employee Turnover: The synopsis explores the concept of employee turnover and its implications for organizational performance, including the costs associated with recruitment, training, and lost productivity.
2. Factors Influencing Retention: It examines the factors influencing employee retention, including job satisfaction, work-life balance, career development opportunities, compensation and benefits, organizational culture, and leadership effectiveness.
3. Retention Strategies: The synopsis analyzes various retention strategies adopted by organizations, such as career development programs, mentoring and coaching initiatives, recognition and rewards schemes, flexible work arrangements, and employee wellness programs.
4. Impact Evaluation: It assesses the impact of retention strategies on employee engagement, job satisfaction, commitment, and tenure within the organization, highlighting success stories and areas for improvement.
5. Challenges and Solutions: The synopsis discusses common challenges encountered in implementing retention strategies, such as resource constraints, resistance to change, and alignment with organizational goals, and offers practical solutions to overcome them.
6. Best Practices: It provides insights into best practices for designing and implementing effective retention strategies, based on industry benchmarks, research findings, and case studies of successful organizations.
Conclusion:
The synopsis concludes by emphasizing the importance of proactive retention strategies in today's dynamic business environment and the need for organizations to prioritize employee engagement and satisfaction as key drivers of retention.
By understanding the factors influencing turnover and implementing tailored retention initiatives, organizations can enhance their ability to attract, develop, and retain top talent, thereby achieving sustainable growth and success in the long term.
To download the complete synopsis of A Study of Retention Strategy for Employees, please visit [eGuardian.co.in] and navigate to the relevant section on research publications.