Employee retention factors of route to market international limited

Abstract

Employee retention is an effort made by an employer to retain its key employee. The success of any organization largely depends on its employees. The more employees spend years in an organization the more they become loyal towards the organization that is why employee retention is so important for any organization. Excessive turnover may incur costs to the organization including advertisement cost, recruitment cost, training cost, and many more. So retention of an employee for a longer period helps the organization to save this cost. The whole report explains the factors that affect employee retention. As the working environment plays an important role in the retention of key employees, maintaining a communicative working environment helps in retaining those employees. In good working environment employees share healthy bonding, maintain a supportive relationship between superior and subordinate that fosters employee retention in the organization. Most of the employees feel frustrated and leave the job due to job stress, imbalance in work life, conflict in job roles. This problem can be solved if employees are provided with better facilities. Proper reward and recognition, promotion policy, competitive salary can help in retaining key employees. In the study, it is found that employees are unhappy with their career growth through organizations invest a lot in training and development programs but employees can’t see growth in their career and this ultimately raises the turnover level and to retain these employees organization should develop training programs depending on employees need and knowing about employee’s criteria. Here it can say employees are the key assets of any organization if they get frustrated that will affect their job and they will think about leaving the job so to retain their organization should come up with some new ideas by creating job engagement, by providing extra facilities and flexibility.