Impact of the determinant factors on Employee Retention

 

 

According to Patra and Singh (2012), career development is a system which is organized,formalized and it’s a planned effort of achieving a balance between the individual career needs and the organization’s workforce requirements. The rapidly growing awareness makes it obvious that people can give the firm its leading edge in the market place. The new challenge for the HR professionals is to identify the developmental strategies which can inspire the commitment of employees to the firm’s mission and values so that the employees become motivated and help the firm to gain and maintain a competitive advantage.Al-Sharafi et al. (2018) further argued that, career development considered as one of the human resource practices that help in retention management issue. Many studies mentioned it as one of the main retention strategies. Studies have shown that a lack of career development opportunities within an organization leads to high employee turnover. In contrast, organizations that implement...

 

  Training and Development   In today’s world, where the life cycle of technology and products become shorter and shorter, update employees’ knowledge and skill become more critical for both organizations and employees. In this regard, employees expected to learn new skills and knowledge to improve themselves and the work they do. It is important to them to feel that they are learning, growing and remaining competitive comparing to their industry peers. Thus, organizations that provide continuous training and skills upgrading programs can maintain their competitive advantage and at the same time are more likely to satisfy and retain their valuable employees. In addition, organizations also benefit from these training programs in term of increasing organizational competitive advantage, effectiveness, and profitability (Al-Sharafi et al., 2018). According to Irshad and Afridi (2007) an investment on employee Training and development is considered important factor in employee ret...