In a well(p)(prenominal)ly rivalrous environment, organizations need to retain their quick-witted employees in order to make their competitive position in the market. Examine and analyze the despotic impact of retaining good employees in organizations. Content Page origin Factors alter to employee rubbing gross -Career Prospects -Organizational Identity -Work Commitment -Monetary Incentive -Involuntary Turnover Consequences of high attrition rates to organizations -Re rollational Damage -High Training Costs incurred -High percentage of semiskilled(prenominal) lying-in -Morale Damage Solutions and strategies to retain blue-chip talents to the organization -Tangible and Non-tangible benefits -Satisfaction -Locating and identifying talents -Morale Conclusion Bibliography Introduction Much research focus in the late 90s was put into e valuating and ameliorate commitment among employees (Mowday, Porter, &type A; Steers, 1982); Mowday (1982) has shown that there is a direct connecter mingled with employee commitment and voluntary turnover.
Other studies alike come together a connection to interlocking attributes such(prenominal)(prenominal) as organizational citizenship (OReilly & Chatman, 1986), as well as employee performance (Meyer, Paunonen, Gellatly, Goffin, & Jack-son, 1989). Lynn McFarlane Shore, Kevin Barksdale and Ted H. Shore (1995) have shown thoroughly in their journal the inter-relation between all the above mentioned factors. Retention advise be widely defined as a taxonomical endeavo! ur by employers to create and foster an environment that encourages authorized employees to watch employed by having policies and practices in place that prognosticate their various(a) needs Workforce Planning for Wisconsin State Government (2005). Although such studies on employee retention have already been widely through and in place, but like Isaac Asimov said, The simply constant is shift, and it is no exception for our modern-day working(a) environments. Thus, we have to constantly update ourselves on such brisk information and make received that the driving factors for employee turnover rates are still sensible and applicable. Factors impart to employee attrition rates What contributes... If you want to get a full essay, order it on our website: BestEssayCheap.com
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