Volume : IV, Issue : IV, April - 2014

Facing Global Competitiveness – The Retention Way

Smt. Rashmi Kumari

Abstract :

 In today’s context, most of the Indian business organisations are facing a paradoxical problem so far as employment of their human resources is concerned. On the one hand, they are facing the problem of overstaffing and are busy to pruning the surplus staff through voluntary retirement and other schemes. On the other hand, they are facing the problem of employee turnover and are busy in developing retention strategies. Employee turnover (also known as employee attrition) is defined as the rate of change in the working personnel of an organisation during a specified period. It signifies the extent to which old employees leave and new employees enter into service in a given period. Against this background, a modest attempt has been made to pin point the necessity, factors and present strategies adopted to retain human capital. Further, the paper highlights about the importance of motivation to retain employees.

 

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Smt. Rashmi Kumari Facing Global Competitiveness - The Retention Way Indian Journal of Applied Research, Vol.IV, Issue. IV

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