Saturday, October 25, 2008

What Is Employee Retention? - New HR Article On

What Is Employee Retention? - New HR Article On

Employee Retention involves a lot of energy, efforts & resources but the results are "WORTH IT". As the competition in the market heats up, the acquisition of skills, talents and knowledge becomes a difficult job for the organization. The company feels in pressure when in every management meeting managers come and repeat this excuse for poor performance, then the pain comes out "stop the turnover".

Many of the companies are facing problems in retaining employees. Where recently a survey shows that employee turnover can cost an organization almost 4 - 5 times more than an annual employee salary. A study conducted by some B - schools researched that 80% of employee turnover is attributable to blunders committed during the recruitment process. Being an HR professional we need to understand employee turnover is not a disease but it is a symptom of the disease.

Employee Retention is a process in which the employees are encouraged to be with the organization for the maximum time or as of now, until the project gets completed.

Read the full article here: What Is Employee Retention?

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