The study helped in understanding the relative importance of various factors responsible for employee attrition. Employee commitment is also very important for maintaining a highly talented workforce. This is a research report on employee retention in private sector project report by rajesh sekar in human resource management category. State government 2015, employee retention is a systematic effort to create and foster an environment that encourages employees to remain employed by having policies and practices in place that address their diverse. Employers must demonstrate that they care about their employees and their work is important if they want to retain their workforce case study. Scribd is the worlds largest social reading and publishing site. While this is easier said than done, it is a worthwhile cause since the main purpose of retention is to save money. Respondents most effective employee retention strategies. Even though all types of the organizations are now a days, found to be technology driven, yet human resources. Pdf effectiveness of employee retention strategies in industry. Effective employee retention is a systematic effort by employers to create and foster an environment that encourages current employees to remain employed by having policies and practices in place that address their diverse needs. Search and upload all types of employee retention in private sector project report projects for mbas on. Introduction longterm health and success of any organization depends upon the retention of key employees.
Feeling valued is a fundamental driver for employee retention. A study of employee retention issues in the hospitality industry abstract the purpose of this study is to investigate employee retention problems in the hospitality division of a corporate operation and to relate those findings to nationally published industry reports. Examples of effective employee retention programs skillgigs. Keep them engaged by offering the freedom and flexibility to work on projects theyre passionate about. The study recommends that further research should be done on the effects of employee. S economy saw a steady rise in 2018, with unemployment dropping to just 3. Employee retention is beneficial for the organization as well as the employee. Bibliography 65 nit kurukshetra employee retention in private sector abstract employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the project. Employee retention is a technique adopted by businesses to maintain an effective workforce and at the. Examples of effective employee retention programs august 31, 2017 retaining top employees at your company has benefits beyond the extra output you get from a top performer staying longer than average. Employee retention is the simple act of a business managing to keep its employees. You can either talk to the company management, or you. Proper date and addressing of the employee in the agreement.
Employee retention strategies go a long way in motivating the employees so that they. The influence of employee benefits on retention at. The research titled on a study on employee retention strategies with special reference to. Doc employee retention project final pawan sharma academia. Devising effective employee retention strategies requires organizations to understand both why employees leave. The work institute conducts employee interviews in multiple industries, categorizes reasons why employees choose to stay or quit, recommends remedial actions, and helps organizations improve retention and engagement to reduce human capital expense. Experts offer advice on how to keep your most valuable business asset. Retention in the hospitality industry is a continuing and everevolving effort to. Mba project on employee retention strategy in bpo industry. The study findings were applicable to safaricom limited only. Trends, reasons and a call to action utilizes data from over 250,000. Abstract human resources are the livelihood of all types of an organization.
Instead of letting talent walk out the door, do something by implementing a retention program that becomes part of your company culture. The basics about attrition and retention, attrition calculation, cost of attrition, consequences of high attrition rate and reasons for attrition. If you continue browsing the site, you agree to the use of cookies on this website. Employee retention strategies an empirical research by dr. Employee retention refers to the various policies and practices which let the employees stick to an organization for a longer period of time. In todays business, retention of valuable employees is one of the most critical issues facing employers, this study therefore focuses on measuring and managing of employee retention. Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the project.
I need guidelines to prepare questionnaire for this. At the end of the day you bet on people, not on strategies. The study finds that the employee retention can be improved by increasing the level of employee engagement and focusing on few nonfinancial drivers. In a tight talent market, retaining talent is of utmost concern. The employee retention is one of the hottest topics of the modern human resources management. This is important to determine if one is acting as employee when injured for. Employee retention is a challenge that can affect the success of an industry guilding et al. To gather information on problems generated due to high turnover. In todays job market, power lies in the hands of employees and leaders must work harder than ever to retain their workforce. Strategies for retaining employees in the hospitality industry. Employee retention a project report submitted in partial fulfillment of the requirement for the award of the degree of. Employee retention in private sector project report by. Employee retention goals and objectives hrm handbook. Such companies do not realize high costs of the turnover.
Project report on employee retention by sanjay gupta issuu. It can also be called as a process, in which the resources are motivated and encouraged to stay in an organization for a longer period of time for the sustainability of the organization. The study also concluded that giving employees educational subsidies influenced the retention to a great extent and that their level of adoption at the state corporations is great. There is fierce competition not only in the industry but also across categories. Project on employees retention employee retention turnover. Employee retention is a process in which the employee s are encouraged to re main with the organization for the maximum period of time or until the completion of the project. Doc project report on employee retention neha sharma. Employee retention strategies an empirical research. Objective of the project the main objective of doing this study was to understand the nature of work, employment, and labour relationships in call centres bpo and its impact. The purpose of this dissertation is to analyse the factors affecting employee retention and turnover in the hospitality industry.
According to workforce planning for wisconsin state government 2015, employee retention is a systematic effort to create and foster an environment that. Study on determining factors of employee retention. Project on employee retention by sanjay gupta issuu. In fact, even replacing a lowlevel employee can cost more than two months of his salary. Human resources, employee retention, job satisfaction, literature. Employee retention through employee engagement a study. Shellie haroski, senior hr consultant, sphr, shrmscp. Unless there is a deliberate and serious effort from the management towards. Philips electronics india limited chennai was conducted. A jobs retention project agreement helps you to negotiate as a regular negotiation. There are many factors in the hospitality industry which affects the employees work but there are some major factors which influence them. Project on employees retention free download as word doc.
The organization has to attract, hire and retain talents. Review paper study on employee retention and commitment dr. Pdf retention of employees is an important function of the hrm. The objectives for this project is to know the reasons for employees to leave an organisation. Pdf effectiveness of employee retention strategies in. Objective of the project the main objective of doing this study was to understand the nature of work, employment, and labour relationships in call centres bpo and its. How collegewise achieved a 0% turnover rate collegewise is a college admission and. The more talented an employee is, the more likely it is. Employee retention is defined as an organizations ability to retain its employees. Most businesses are great when it comes to attracting and hiring new employees, but they fail in the retention practices.
Retention strategies helps organizations provide effective employee communication to improve commitment and enhance workforce support for key corporate initiatives. The findings can therefore not be generalized to all organizations. Mita mehta1 symbiosis institute of management studies sims. A guide to analyzing and managing employee turnover reducing turnover at american home shield american home shield, the major appliance warranty arm of servicemaster, is based in. This guide will help inspire an effective retention program at your smb. Review paper study on employee retention and commitment. An analysis of the factors affecting employee retention. The research project entitled employee retention is an attempt to understand the opinion and attitudes of the various categories of employees of. A strong retention strategy becomes a powerful recruitment tool. Employee retention er is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the project. This is mba project on employee retention strategy in bpo industry and this project is undertaken to understand the various strategic initiatives adopted by different companies towards the retention of their employees. Every organization invests time and money to groom a new joinee, make him a corporate ready material and bring him at par with the existing employees. Employee retention employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the project.
1277 684 351 1121 635 849 416 929 258 1393 1123 1363 676 244 249 421 525 338 844 1077 1435 1531 1330 969 771 281 1400 337 1033 1219 160 1262 838 1189 596 441 310 227 181 1210 46 79 382 1249