Employee retention is the effort by an employer to keep desirable workers in order to meet the business objectives by keeping the right people on the right jobs frank, finnegan and taylor. Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the project. Quality topic help for a dissertation on employee retention. Managing retention by engaging employees in a case company. Employee retention, information technology sector, hr practices, employee engagement 1. Retention and turnover employee retention and turnover are actually the opposites of the same thing. The impact of rewards on job satisfaction and employee. Crna employee engagementjob satisfaction and retention abstract introduction.
A study of employee engagement, job satisfaction and. It attempts to relate some of the factors discovered to major theories such as the employee equity model, herzbergs twofactor theory and the job embeddedness theory. Irshad 11 carries out a literature study on factors affecting employee retention. The harvard business essentials 2002 defined retention as the converse of turnover being voluntary and. Prior to this period, most of the employees used to enter the organization and worked for the same company for a. The organization is always invested in the form of. Thesis on talent management and employee retention.
Many researchers approached employee retention using a group of individual factors such as employee motivation 4, job satisfaction. Employee retention is the effort by an employer to keep desirable workers in order to meet the business objectives by keeping the right people on the right jobs frank, finnegan and taylor 2004. A dissertation submitted in partial fulfilment for the ma. An investigation into the high turnover of employees. It can be represented mathematically in percentage such as retention level is 87%, which means the. Retaining employees is an important goal of every organization. Assumptions of the study there are four primary assumptions. The effects and levels of emotional intelligence on. Public sector leaders strategies to improve employee retention michael d. Chapter ii will gather and enumerate industry leaders findings concerning employee retention. Employee retention strategies an empirical research. Employee retention strategies in trinidadian small.
Employee retention can be represented by a simple statistic for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period wikipedia. By pursuing this research, the relationship between wages and employee retention in an organization will be identified. There are many factors in the hospitality industry which affects the employees work but there are some major factors which influence them to leave the organisation. Public sector leaders strategies to improve employee. The concept of employee retention is quite recent as it emerged in 1970s. Employee retention is a critical issue for business leaders. The pespective of mwanza regional secretariat by lilian stanford shao a dissertation. With your download, get the 20 best papers relevant to this one, including 20 top related papers. The business management concept of employee engagement has been around since the early 1990s.
He summarized the findings of many researchers and highlighted their. Employee retention is an important issue that companies should focus on by identifying influencing factors and move strategically towards improving and implementing necessary. The main objective of this study was to identify the influence of five factors namely training and. A study of the financial sector in malaysia a thesis submitted in fulfilment of the requirements for the degree of doctor of. Employee retention is defined as an organizations ability to retain its employees. A successful company often has a high employee retention rate. This thesis explores the factors that can significantly impact employee retention in an organisation. Although employee engagement is a new term in social work, it has been familiar to those in the management community for almost two decades hobel, 2006. The main aim of the dissertation is to understand the aspects that are important for multinational companies in kuwait for having a verity in its employees structure while operating under a. An exploration of employee turnover and retention of front. Industrial product and service provider masters thesis. Introduction a study stated in his study that one of the most critical challenges now a days. The impact of recognition on retention of good talent in the workforce article pdf available in journal of governance and regulation print 44 october 2015 with 3,928 reads. Retention interviews allow you to personalize your retention strategy to each individual employee and have oneonone dialogues that are open, honest and productive.
Employee retention creates organization from falling in a pit hole of unfinished tasks and goals. Doc project report on employee retention neha sharma. Employee retention in private sector dissertation report 2010submitted for the partial fulfillment of the. An analysis of the factors affecting employee retention and turnover. The impact of rewards on job satisfaction and employee retention sharon ruvimbo terera department of industrial psychology, university of fort hare cell. It is a strategic decision that should be made after research and understanding the. Employee retention strategies in nonprofit organizations. This thesis addresses critical questions regarding employee turnover and employee retention, which are. The purpose of this dissertation is to analyse the factors affecting employee retention and turnover in the hospitality industry.
Employee retention can be defined differently as per the context of its usage. An analysis of the factors affecting employee retention. In this descriptive phenomenological study, i explored the evidencebased best practice strategies in employee. This dissertation is brought to you for free and open access by the walden dissertations and. Employees surveyed have various employment needs and concerns.
Impact of employee retention on performance of a company. Employee retention strategies for generation y nicholas w. A case study of accra brewery company limited, accra. Employee retention, employee turnover, unfolding model of voluntary turnover. Pdf one of the biggest challenges faced by companies is the retention of employees. This study compares the employee retention information obtained from the surveys with the trade journal articles on employee retention as discussed by industry leaders from across the country. Employee retention through employee engagement a study.
Managing retention by engaging employees in a case. Strategies for retaining employees in the hospitality industry. Factors contributing to employee turnover intention at a selected company in the cape town clothing industry by nqwenelwa ncede dissertation submitted in. If you were looking for a suitable dissertation topic on. Those chapters will help answer the research questions and to create the overall theoretical. Thompson claremont mckenna college this open access senior thesis is brought to you by. There are many factors in the hospitality industry which.
It can also be called as a process, in which the resources are motivated and encouraged to stay in an. Employee retention means the level of employees staying in the organization, and. Impact of employee retention on performance of a company explains that. Pdf the impact of recognition on retention of good. The effects and levels of emotional intelligence on leadership styles and employee morale this dissertation has been approved and accepted by the faculty of the.