Organizational Perspective of Employee Retention

Abstract

With the industry growing at a faster pace, getting business is not the business challenge but attracting and retaining talent is a problem. Scarcity of talent is a global as well as a organizational problem. Many a times employee leaves the organization for several reasons that are often unknown to their employers. These reasons could be mismatch between the job and person, lack of advancement opportunity, work life imbalance and loss of trust and confidence in seniors etc. Employer should listen to employees and implement retention strategy to make them feel valued and engaged. If the employer expects higher performance from their employees then they should be rewarded at a higher level. Organization should aim to reduce voluntary attrition of productive employee and encourage unproductive staff to leave its fold. This article tries to explore the ways that organization has practiced and implemented retention strategy to retain the employee and attain talent sustainability.