1.Employee Retention and Importance
Employee Retention The biggest challenge that organizations are facing nowadays is retaining and securing the skilled employees since they play an important role in any organization, because employees’ knowledge and skills are essential for companies to gain competitive advantage.According to Silva et al. (2019) Employee retention is one of the major problems that every company faces in this competitive environment. The big business challenge is to align your goals with the growing demand for a balanced organizational climate that meets basic human needs and where work is synonymous with personal fulfillment. Shoaib et al. (2009) emphasized the Retention as “the ability to hold onto those employees you want to keep, for longer than your competitors”. Furthermore, studies have also indicated that retention is driven by several key factors, which ought to be managed congruently: organizational culture, communication, strategy, pay and benefits, flexible work schedule an...
Dinusha your breakdown of employee turnover in this video is both thorough and accessible. You've managed to simplify complex concepts for easy understanding while maintaining depth in your analysis. Thanks for sharing this!
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