Reducing employee turnover: A Retention strategy

摘要

It is very difficult for all the companies to retain their existing employees. Retaining the talents is the toughest assignment to the HR managers given by the Organizations. Due to more opportunities in all corners of the world, a dynamic employee does not want to stay in a single station. Employee Turnover in a high rate can hit the overall performance of the organization and leads the wastages of cost which are incurred in selection, training and accommodation for those employees. So the Hr People have a strategy to balance the chances available to the employees at the outside of the campus and make them to stay back inside of the organization. They have to manage the requirements of employees in terms of monetary benefits and also psychological expectations. This is a review paper bring some light on employee turnover that can be a big ground for a rich research.