RETENTION

Employee retention is the general technique or capacity of an organization to hold its best representatives and subsequently keep up a lower turnover. An organization can accomplish this by receiving different representative maintenance programs. Representative maintenance is and ought to be one of the primary concentration regions of the HR office in any organization. Implementing an employee retention program is an effective way of making sure key workers remain employed while maintaining job performance and productivity. (Scott, 2018)

A 100% family-possessed business, Mars Inc. has five standards — quality, obligation, commonality, effectiveness, opportunity — which are on each mass of each blemish office and assembling site crosswise over 73 nations. Further, Mars considers its standards important. Take, for instance, "quality." Around 2% of all M&Ms create are disposed of for "flaws" or different disappointments in quality. This devotion and adherence to values are reflected in the dependability it has earned from its workforce. (Madusudan, 2018)

World Travel Holdings, the main journey organization, permits a revealed 70 percent of its representatives to telecommute all day. "We put a solid incentive on making a situation where our representatives can telecommute, which has been instrumental in us having the capacity to procure and hold top ability," says Debbie Fiorina, senior VP of HR. Furthermore, human services organization Aetna says, "Aetna has utilized telecommuting to hold important workers for around 20 years." (Fell, 2015)

CONCLUSION
Retention is identified as one of the most effective key factors for the sustainability of an organization. Retention reflects how capable an organization to hold its representatives to keep up a low employee turnover. Maintaining a low turnover would give an organization a chance to obtain the maximum output through well trained, experienced and best employees, who are willing to do their best with dedication

References

Fell, S. S. (2015) 5 Companies Tell Us How They Retain Their Best Talent. [Online]
Available at: https://www.entrepreneur.com/article/243831 [Accessed: 01 May 2018].

Madusudan, P. (2018) Employee reletion. [Online] 
Available at: https://www.peoplematters.in/article/employee-relations/here-are-some-companies-with-successful-employee-retention-policies-17582 [Accessed: 01 May 2018].


Scott, S. (2018) Why Are Employee Retention Strategies Important?. [Online]
Available at: http://smallbusiness.chron.com/employee-retention-strategies-important-1241.html
[Accessed: 31 April 2018].





Comments

  1. Dr. Rizvan JaldeenMay 5, 2018 at 12:58 AM

    This comment has been removed by a blog administrator.

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  2. NeranjiJune 13, 2018 at 8:32 AM

    Information is good but please arrange to get a clear idea. Good if you can mention strategies. Good luck for the next up date!

    ReplyDelete
  3. UnknownJune 29, 2018 at 9:40 PM

    Make sure to do references(reliable sources) as advice by Dr.Jaldeen.

    ReplyDelete

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