Employee Retention Essay

In today’s world of intense competition organizations are facing a lot of problems regarding turnover rate. That employee’s dissatisfaction is found threatening factor for high employee turnover rate (Dr R Akila, 2012). Excessive turnover is often a symptom of fundamental problems within the business. It is critically important to retain them; to do this one must know how an employee can retain in particular company (Madiha et al,2009).So the costs of employee turnover are skyrocketing and seriously impact an organization’s bottom line Sullivan, (2009). Human Resource Management practices are gaining more importance with the passage of time it is becoming equally important in the organizations because the employees are considered as the most important asset of the organization (Safwan, Anis & Ashfaq, 2012). So, the organization needs to foster those demands of employees which actually boost their motivation level. Retention means to keep something in your possession so; employee retention is the practice by the organization to motivate employees by implementing various policies and procedures which let the employees to stick to the organization for longer period of time. If the company is not able to retain employees then it can’t be successful (Raikes & Vernier, 2004). Today employees are different, their attitude are changing with time, if they are not satisfied with their jobs, benefits, job security or work setting consequently they will dissatisfy and they switch their jobs as they are having good opportunities in their hands. Employer should know how to retain their prolific employees and if they don’t they would be left with no good employees. So, to find out how an organization can make their employees stay with them, we have examined different factors that can be helpful for the organization in retaining their employees. The most important determinants

Thus there is the need to provide career opportunities, work life policies, rewards , good supervision and support in the private schools. Under this research, useful information of relationship between employee retention, work life policies, growth opportunities, rewards, supervisors’ support will be provided. This study will help the reader to better understand the importance of employee retention in private sector (schools) and also he/she get to know those factors that help to retain employees. Hence, it enables many private institutions to identify the major determinants that are to be used in retaining employees through better knowledge of the inspirational aspect towards improving our education