Employees Turnover and Retention Strategies – A Conceptual Study
July 20, 2023 2023-07-20 13:26Employees Turnover and Retention Strategies – A Conceptual Study
AUTHORS :
S. N. Tripathy
DOI :
CP2020/OCT-MAR/ARTCL1
ABSTRACT :
The present paper with the help of secondary sources of data attempts to capture the major events that shaped the course of cooperative movements in Odisha. The paper portrays the prevailing socio-economic factors and key events which contributed to the development of cooperatives in different phases and its genesis and growth trend in Odisha in the national perspectives.
REFERENCES :
- Bengal under the Lieutenant-Governors, Vol. I. In C. Buckland – Northcok, S. (n.d.).
- Madras Provincial Banking Enquiry Committee Report, 5 Vols. Madras. – Government of Madras. (1930).
- Contractual Labour in Agricultural Sector. Discovery Publishing. – Tripathy, S. (2000).
- Co-operative Movement in Odisha: Highlights of Progress. Odisha Review, February – March, 51-54. – Senapati, S. (2012).
- Annual Activity Report 2018-19. Cooperation Department. – Government of Odisha.
KEYWORDS :
Cooperatives Movements, Rural credit, Money lenders, Farmers.
Previous Issues
Follow Us
AUTHORS :
Girish Mangleek
DOI :
CP2022/October-December2022/ARTCL9
ABSTRACT :
Higher attrition rates within a particular industry have forced companies to use some innovative strategies to retain employees. Research indicated that total costs of employee turnover are about 150% of employee’s salary. Retaining employees involves understanding the intrinsic motivators of them which many organizations unable to identify. Valuable human assets cannot be owned outright rather they have to be acquired and developed over a period of time by the organisations. Leaving of such employees cost dearly to the organisations. Reducing the attrition rate or retaining employees becomes a great challenge before the organisation, as the other organisations offering better prospects are always looking for the experienced and trained employees in the job market. Retention therefore is likely to be of central importance during acquisition implementation in knowledge-intensive firms.
While all aspects of managing human resources are important, employee retention continues to be an essential Human Resource Management activity of the prime importance that helps organizations in achieving their goals and objectives.
This calls for a strategic approach to the management of employees in order to motivate them to continue with the organisations. Employees Turnover has negative effects on productivity, product, service quality, profitability of the organisations.
Job satisfaction plays a vital role in retention of valuable employees. Job satisfaction brings involvement of employees, employees feels that their contributions and accomplishments are valued by their organizations, employees being able to take decisions that affect their job role and performance, having opportunities to grow in their career, having a flexible work schedule, working in a friendly and pleasant work environment and having good relationship with their leaders and colleagues (Branham, 2005).
REFERENCES :
☞ Dockel, Andreas, Johan S. Basson, and Melinde Coetzee. “The effect of retention factors on organisational commitment: An investigation of high technology employees.” SA Journal of Human Resource Management 4.2 (2006): 20-28.
☞ Kwenin, Daisy Ofosuhene, Stephen Muathe, and Robert Nzulwa. “The influence of employee rewards, human resource policies and job satisfaction on the retention of employees in Vodafone Ghana Limited.” European Journal of Business and Management 5.12(2013):13-20.
☞ Das, BidishaLahkar, and Mukulesh Baruah. “Employee retention: A review of literature.” Journal of Business and Management 14.2 (2013): 8-16.
☞ Goswami, Brijesh Kishore, and Sushmita Jha. “Attrition issues and retention challenges of employees.” International Journal of Scientific & Engineering Research 3.4 (2012): 1-6.
☞ Kemelgor, Bruce H., and William R. Meek. “Employee retention in growth- oriented entrepreneurial firms: An exploratory study.” Journal of Small Business Strategy 19.1 (2008): 55-68.
☞ Irshad, Muhammad, and Fahad Afridi. “Factors affecting employees’ retention: Evidence from literature.” Abasyn Journal of Social Sciences 4.2 (2007): 307 -339.
☞ L. M . Prasad – Human Resource Management, (2014) : 563 – 570
☞ Zineldin, M.(2000).TRM Total Relationship Management, Student litterateur, Lund .’
☞ Dr. G. Balamurugan,”A Study On Employee Retention Strategies In Leading It Companies At Trichy” Intercontinental Journal Of Human Resource Research Review Issn:2320-9704volume4, Issue 3, March 2016.
☞ Zhang Yanjuan,“A Review of Employee Turnover Influence Factor and Countermeasure” Journal of Human Resource and Sustainability Studies,2016, 4, 85-91
☞ Dr. K. Balaji Mathimaran & Prof. Dr. A. Ananda Kumar, Employee Retention Strategies An Empirical Research Global Journal of Management and Business Research : E Marketing Volume 17, Issue 1 Version 1.0 Year 2017, Online ISSN : 2249-4588 & Print ISSN : 0975-5853.
☞ Maqsood Haider.et al,“ The Impact of HumanResource Practices on Employee Retention in the Telecom Sector”, International Journal of Economics & Financial Issues ISSN : 2146-4138.
☞ Ian M. Taplin & Jonathan Winterton, “The importance of management style in labourretention” Inter, national Journal of Sociology and Social Policy Vol. 27 No. 1/2,2007pp.5-18q Emerald Group Publishing Limited 0144-333XDOI10.1108/01443330710722724.
☞ VictorOladapo,“The Impact of Talent Management On Retention”, Journal of Business Studies Quarterly 2014, Volume5, Number 3, ISSN 2152- 1034.
☞ Dr. V. Antony Joe Raja & R. Anbu Ranjith Kumar, “A Study On Employee Retention In Education Sector In India” Volume7, Issue3, March-April 2016, ISSN Print : 0976-6502 and ISSN Online : 0976-6510
☞ Atif Salmane t.al,“ Factors Affectingon Employees Retentionin Banking Sector: An Investigation from Karachi” ,European Journal of Business and Management www.iiste.org ISSN22221905 (Paper) ISSN 2222-2839 (Online) Vol.6, No.37, 2014
☞ Diwakar Singh, “A Literature Review on Employee Retention with Focus on Recent Trends” Volume 6, Issue 1, February-2019 IJSRST Print ISSN: 2395-6011, Online ISSN: 2395-602X DOI : https://doi.org/ 10.32628/IJSRST195463 425
KEYWORDS :
Employee Rewards, Job Satisfaction, Human Resource Policies, Employee Retention
