Effect of Employee Retention on Organizational Performance

Abstract

Employee retention continues to pose one of the greatest challenges facing organizations and managers today with the loss of valuable talent incurring heavy costs to the organization in terms of institutional know-how as well as the time, money, and efforts needed to recruit and train replacements. The purpose of this research is thus to observe the impact of retention on organizational performance. Career development, Supervisor support, Work environment and Rewards are the key variables employed in this research. The variables lead to reflecting how they influence employee retention that is how much impact they have on towards retaining the employees, which ultimately will have an impact on the organization’s performance. The findings of this study will help determine the key elements that lead to employee retention in business organizations in Pakistan.