The Importance of Employee Retention Term Paper

The grandness of Employee Retention - Term Paper exemplificationThe variation in cultural values had a significant effect on the rates at which the newly hired employees voluntarily terminated employment. The relationship between the employees air performance and their retention overly varied significantly with organisational glossiness values. (Sheridan, 1992, p. 1036) Now when the subject of organizational, or more precisely, corporate floriculture is included in discussing the issue of employee retention, multidimensional analysis becomes imperative. This essay is a literature question establish analysis of the issue of employee retention in the global work environment. Sources from scholarly publishers have been utilized and plant life of reputed experts in the field have been referenced. Quality and Productivity Issue Employee Retention The term employee retention cannot be defined in a mien that does not emphasize on its multidimensional aspects. Employee retention is principally a human resources related issue, which is an integral part of the cultural analysis of the corporate world. Here, the word culture points to the work culture of the company, which further spans over the other important topics like business organization, strategic management, organizational behavior, etc. (Garavan, 2007) According to the experts of Management Study Guide (2012), Employee Retention refers to the techniques employed by the management to befriend the employees stay with the organization for a longer period of eon. Employee retention strategies go a long way in motivating the employees so that they stick to the organization for the maximum time and contribute effectively. So, sincere straining work must be done to ensure learning and growth for the employee in his/her current job assignments and help him/her to enjoy them. Contextually, Linley and Harrington (2010, p. 145) have stated that organizational theorists interested in the Happy/Productive actor Thesis almost exclusively concentrated on the role of job satisfaction in the prophecy of both employee job performance and retention decisions. In the modern competitive age of stricter labor regulations and more complex corporate cultures, employee retention thus emerges as a complicated problem. Employee Retention Extent and Importance Employee retention and organizational culture extensively affect each other. An organization has to invest funds and time to groom an individual, make him/her ready to understand its culture, and achieve his/her professional pursuits. A new employee is totally raw and the management truly has to effort hard so that he/she can be trained. It is an absolute wastage of funds, time and energy when the individual leaves the company all of a sudden. Consequently, the human resource department has to initiate the self-colored recruitment process once more for the same post, which is a sheer duplication of the employment processes requiring bills for the same task repeatedly. Finding the right member of staff for a company is a windy job and every effort merely goes waste at the instance the employee quits. (Slugoski, 2008 Garavan, 2007) Contextually, on the basis of the research results, Slugoski (2008, p. 6) writes, Indirect costs of replacing an experienced employee with an inexperienced employee included decreased organizational performance, potentially star(p) to decreased customer