Employee Retention & Engagement Solution

Abstract

The labor factor is most impotent factor of production factors, because it makes the difference. It makes the difference in the businesses environment in all organisations to become more profitable and sustained as completed ones. And also employee engagement becomes a popular topic of the workplace which is approved to affect the organizational outcome. Employee retention is a process in which the employees are encouraged to remain with the organization for life time or maximum period of time. It is a strategic tool for the success of the firm. Employee retention is a technique adopted by businesses to maintain an effective workforce and at the same time meet operational requirements. Employees are the greatest asset for an organization. Therefore, every organization must treat their employees as ends and not means to ends, because they add value to the organization. The paper then shows how an organization can find and retain talents as well as engaged. The objective of the paper was to gauge the perception of employee’s retention and engagement, solution in particular environment. The challenge of attracting and retaining talented employees has always been a matter of concern to the companies, because research showed time and again that while pay and benefits matter, one cannot solely depend on money to attract and retain qualified employees, especially those who get other employment opportunities. However, it is not that the companies are oblivious of the key drivers of attracting and retaining employees, like challenging and stimulating workplace environment, chance to learn and grow, a good supervision, and great people to work with. However, there is a gulf of difference between knowing and effectively applying that knowledge, because that requires systematic approach to the issue and under the present context of business environment, it is increasingly becoming difficult to formulate a viable plan towards attracting and retaining quality employees.