Abstract:
Retention of key professionals has become a major challenge for organisations. They spend a tremendous amount of time, effort and cost in evolving retention strategies. To manage the attrition rate, organisations are offering attractive benefits such as Employees Stock Option Policies (ESOPs) to the employees. As cost of interviewing, recruiting, relocating, training and compensating employees rise, the Human Resource managers are impelled to do a better planning job. The costs associated with recruiting and orienting new professional and managerial employees are often astounding when the rates of attrition during the first two years are taken into account.Keywords:
Attrition
Interview
Retention rate
Stock (firearms)
Employee retention
The Construction industry is a challenging, competitive and rapidly growing industry. Because of urbanization, infrastructural development and people's rising expectations for improved quality of living, construction become the second largest economic activity in India. As a result there is a competition for finding efficient and talented engineers which results in increased rate of Engineers’ attrition. Engineers’ attrition affects the overall efficiency of the organization. It results in loss of productivity, profit, time; resources etc.The sample of study consists of 120 engineers working in various construction organizations in India through questionnaire. The SPSS software was used for data analysis and findings. The purpose of this study is to find out the various reasons for Engineers turnover and to suggest effective retention strategies for Engineers’ retention. This study concludes that pay, Job satisfaction, Increased job opportunities, Lack of growth opportunities, Lack of respect from superiors have a great effect on engineers attrition.
Attrition
Retention rate
Turnover
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Work places are second to home, where every employee wants to build strong relation and depend on each other. Organizations should ensure that employees are delighted to work with and should build a long career with the organization so that mutual growth can be ensured. This is only possible when employees in the organizations are retained for long durations. Attrition is much these days because of many reasons. To curtail attrition organizations are striving a lot to design the relevant strategies. This paper highlights what attrition is and its causes, importance of retention, and the strategies to be adopted by the organizations to improve retention of employees in the organization.
Attrition
Employee retention
Turnover
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In this study, the relationship between talent management and employee retention in the hospitality industry is analyzed and the influence of talent management is established. This study is an overview of various strategies in human resource management aspects which are collectively known as Talent Management. In this study, the authors analyzed, that within the organization line leaders and human resource managers play completely different roles in the work on worker performance and managing talent. The aim of the article is to look at the impact of Talent management and 6 dimensions together with Career Management, Mentoring, Coaching, Training, Job expertise, and Succession designing on worker Retention through structure trust among employees within the cordial reception trade.
Talent Management
Employee retention
Hospitality
Line management
Hospitality management studies
Career management
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This education evidence based study examined African American students entering the Practical Nursing program and the strategies of medical mathematics bridge and tutoring programs to reduce attrition.To increase retention in the fundamentals of nursing courses, augmenting the program completion rate. DATA/OBSERVATIONS: Two groups of students (n = 105) participated for this one-year study over three semesters. Data revealed passing rates of 87%-92% for the nursing course and 75%-92% on medical mathematics when consistently attending programs. The attrition rate plummeting to 8% -34% contrasting previous years 43%-65%.Retention intervention programs can have a positive impact on minority students' academic performance.
Attrition
Retention rate
Community College
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The analysis has been carried to find out the most critical factor that affects an employee's attrition. The opposite of attrition is retention. As employee's attrition very negatively affect companies' growth, every year companies come with different retention schemes for employee, so employees don't leave the company. Those methods include retention bonuses, better training, promotion and stock option which mature after some definite period. So finding the essential factor for attrition will help organization to plan their retention schemes more targeted.
Attrition
Employee retention
Promotion (chess)
Affect
Stock (firearms)
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This paper gives an overview to understand and expand the knowledge on employee attrition and retention strategy in BPO sector. The study has been conducted with a few objectives in mind which would help us to explore the various studies conducted by the researchers with respect to attrition and retention in BPO sector.
Attrition
Employee retention
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Employee attrition has become a major concern for businesses worldwide. The cost of losing talented and experienced employees can have significant negative impacts on company productivity, morale, and finances. While traditional approaches to addressing attrition such as financial incentives or employee perks have been proven ineffective, a new approach called the "Retention Revolution" is emerging. This approach focuses on building a culture of retention through employee engagement, development, and well-being. This article highlights the key factors that influence employee retention and explores how businesses can adopt this new approach to address employee attrition. By prioritizing employee engagement, development, and well-being, companies can reduce attrition and create a supportive and fulfilling work environment, leading to greater productivity and success in the long term.
Attrition
Employee retention
Retention Management
Employee morale
Work environment
Employee resource groups
Incentive program
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The purpose of this thesis is to examine IKEA’s human resource management with a focus on employee motivation and retention, moreover, a number of key managerial implications related to the subject ...
Employee retention
Employee Motivation
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Abstract: This study was undertaken to find the factors that affect student retention and attrition in the Open and Distance Learning (ODL) system in the Punjab region in India. The main objectives of the study were to find out: i) Retention and attrition rate among the learners pursuing graduate and postgraduate programmes; ii) Rate of attrition among the learners pursuing other professional and non-professional programmes; iii) Percentage of retention and attrition among male and female, rural and urban students; iv) Factors that cause the attrition rate among the learners pursuing the professional and non-professional programmes. For the purpose of finding the retention and attrition rate of the learners who had opted to pursue their study through distance mode, the admission data of selected degree programmes from selected districts in Punjab was collected and analyzed. After analysis of the data, it was found that the attrition rate was high among the learners pursuing the non-professional programmes in comparison to those pursuing the professional programmes. The number of dropouts among rural learners was larger in comparison to those of urban students. For uncovering the factors that cause the retention and attrition rate among the distance learners pursuing these programmes, a questionnaire was developed for collecting feedback from the learners of the mentioned districts. It was found that factors like the non-receipt of counselling schedule in time from the learner support centre, writing of the study material in tough language, non-availability of self-instructional material in local language, delay/non-receipt of study material, non-receipt of the evaluated assignments in time, inadequate guidance at the study centre level, and delay in updates of student data on the website are the factors responsible for the high attrition rate among the learners.
Attrition
Receipt
Retention rate
Affect
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