Review paper study on employee retention and commitment. Objective of the project the main objective of doing this study was to understand the nature of work, employment, and labour relationships in call centres bpo and its. Bibliography 65 nit kurukshetra employee retention in private sector abstract 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. Employee retention a project report submitted in partial fulfillment of the requirement for the award of the degree of.
The employee retention is one of the hottest topics of the modern human resources management. Employee retention is a process in which the employee s are encouraged to re main with the organization for the maximum period of time or until the completion of the project. To achieve worthwhile results, iecruiting and retaining good employees should be treated the same way. A jobs retention project agreement helps you to negotiate as a regular negotiation. This guide will help inspire an effective retention. A term of the agreement is one of the most important. Employee retention through employee engagement a study. Effective employee retention is a systematic effort by employers to create and foster an environment that encourages current employees to remain employed by having policies and practices in place that address their diverse needs. Retention practices give more importance to factors affecting to cause employee turnover career opportunities. Sydenham college of commerce and economics employee retention.
Retention of employees with due compensation and reward system leads to commitment at work place, job satisfaction and motivation of employees. According to peltokorpi, allen and froese 2015, the employee turnover is the rotation of employees around available job position. I need guidelines to prepare questionnaire for this. The study findings were applicable to safaricom limited only. Review paper study on employee retention and commitment dr. The influence of employee benefits on retention at. Based on theoretical aspects, 200 employees were surveyed and took their opinion pertaining to retention of employees. With your download, get the 20 best papers relevant to this one, including 20 top related papers. Employee retention project employee retention human. The study is conducted in the context of factors affecting employee retention with reference to ramesh hospitals in vijayawada. This is mba project on employee retention strategy in bpo industry and this project is undertaken to understand the various strategic initiatives adopted by different companies towards the retention of their employees. Examples of effective employee retention programs skillgigs. Employee retention is crucial for the long term health and success of the business. A guide to analyzing and managing employee turnover reducing turnover at american home shield american home shield, the major appliance warranty arm of servicemaster, is based in.
Employee retention in private sector project report by rajesh. In todays dynamic business environment, increased globalization, with social, economic and technological developments has resulted with a fierce competition among companies. Even though all types of the organizations are now a days, found to be technology driven, yet human resources. For this proposed study on employee retention strategies ers the following objectives were formulated. To develop a comprehensive measure to assess current employee retention strategies of it companies with special reference to chennai city. A strong retention strategy becomes a powerful recruitment tool. Pdf effectiveness of employee retention strategies in. The study majorly focuses on the increasing employee turnover, its causes and impact. Employee retention strategies an empirical research.
A study of employee engagement, job satisfaction and. Examples of effective employee retention programs august 31, 2017 retaining top employees at your company has benefits beyond the extra output you get from a top performer staying longer than average. A study of employee engagement, job satisfaction and employee. According to workforce planning for wisconsin state government 2015, employee retention is a systematic effort to create and foster an environment that. Project on employee retention by sanjay gupta issuu. You can either talk to the company management, or you. To gather information on problems generated due to high turnover. The cost of replacing an employee if often larger than 100k usd, taking into account the time spent to interview and find a replacement, placement fees, signon bonuses and the loss of productivity for several months.
In todays job market, power lies in the hands of employees and leaders must work harder than ever to retain their workforce. Factors influencing employee retention in the state. This is a research report on employee retention in private sector project report by rajesh sekar in human resource management category. Mita mehta1 symbiosis institute of management studies sims symbiosis international university siu, range hills road, khadki, pune 411 020, maharashtra india aarti kurbetti2 symbiosis institute of management studies sims symbiosis international university siu. Employee retention through employee engagement a study at.
Sonal kumar submitted to the national college of ireland, september 20. Talent shortage being identified as a salient issue globally. The research project entitled employee retention is an attempt to understand the opinion and attitudes of the various categories of employees of. Abstract human resources are the livelihood of all types of an organization.
Objective of the project the main objective of doing this study was to understand the nature of work, employment, and labour relationships in call centres bpo and its impact. Further chisquare test is used to establish the relationship. Managers readily agree that retaining best employees ensures customer satisfaction, product sales, satisfied coworkers,goodwill of the organization etc. Project on employees retention employee retention turnover. Educational background higher secondary level iti diploma holder bachelor others 4. Doc project report on employee retention neha sharma. Good managers use a process approach to solving problems. The study also concluded that giving employees educational subsidies influenced the retention to a great extent and that their level of adoption at. Employee retention project employee retention human resources. Employee retention is the systematic effort to retain the current employees by. They are not the ones who dont have good opportunities in.
There is evidence that performance can decrease if the employee retention is bad and there is a possibility of stagnation if employee turnover is too dejected. Most businesses are great when it comes to attracting and hiring new employees, but they fail in the retention practices. The ultimate aim of employee retention is to make both the stakeholders. Many researchers approached employee retention using a group of individual factors such as employee motivation 4, job satisfaction 1, and organizational culture 5. Employee retention refers to all those practices which let the employees stick to an organization for a longer time. While this is easier said than done, it is a worthwhile cause since the main purpose of retention is to save money. Further the banks implementation of training and skill development for employee growth, their empowerment and environment of trust gives a competitive advantage due to the implementation of best hr. The organization has to attract, hire and retain talents.
The influence of employee benefits on retention at safaricom. Employee retention is beneficial for the organization as well as the. Abstractour study is related to the concept of employee retention which is heavily dependent on job training. However, the study analyzed retention on the basis of individual factors basis. 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. The impact of employee benefits as retention strategy in a. 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. Project report on employee retention by sanjay gupta issuu. Search and upload all types of employee retention in private sector project report projects for mbas on.
May 07, 2012 a project report submitted in partial fulfillment of the requirement for the award of the degree of masters of management studies employee retention 1 xyz signature of student employee. A project report submitted in partial fulfillment of the requirement for the award of the degree of masters of management studies employee retention 1 xyz signature of student employee. Employee retention is beneficial for the organization as well as the employees. Job training is one of the most important factors in retaining employees in the organizations. Employee retention effective employee retention is a systematic effort by employers to create and foster an environment that encourages current employees to remain employed by having policies and practices in place that address their diverse needs. The study recommends that further research should be done on the effects of employee. Instead of letting talent walk out the door, do something by implementing a retention program that becomes part of your company culture. Project on employees retention free download as word doc. This project contains surveys done to understand what bpo companies are doing. Employee retention goals and objectives hrm handbook. It can also be called as a process, in which the resources are motivated and encouraged to stay in an organization for a longer period of time for the sustainability of the organization. Introduction longterm health and success of any organization depends upon the retention of key employees.
There is fierce competition not only in the industry but also across categories. Retention strategies helps organizations provide effective employee communication to improve commitment and enhance workforce support for key corporate initiatives. The objectives for this project is to know the reasons for employees to leave an organisation. Mita mehta1 symbiosis institute of management studies sims. Pdf retention of employees is an important function of the hrm. Pdf effectiveness of employee retention strategies in industry. They are not the ones who dont have good opportunities in hand. Besides recruitment and employee retention, the labor relations can also. All of the content of this project paper has been submitted as a part of partial fulfilment of master of human resource management programme.
A retention strategy should specify a quantified prtjblem and measurable objectives. Aug 29, 2017 employee retention project questionnaire pdf 1. Proper date and addressing of the employee in the agreement. Mba project on employee retention strategy in bpo industry. Employee retention is a technique adopted by businesses to maintain an effective workforce and at the. Employee retention techniques go a long way in motivating the employees for them to enjoy their work and avoid changing jobs frequently. Employee retention strategies an empirical research by dr. In todays business, retention of valuable employees is one of the most critical issues facing employers, this study therefore focuses on measuring and managing of employee retention. S economy saw a steady rise in 2018, with unemployment dropping to just 3. In fact, even replacing a lowlevel employee can cost more than two months of his salary. It looks at various methods to improve employee retention in the organization. Employee retention in private sector project report by. Employee retention models and factors affecting employees. The study finds that the employee retention can be improved by increasing the level of employee engagement and focusing on few nonfinancial drivers.
A study of employee engagement, job satisfaction and employee retention of michigan crnas capstone project donna carnahan crna, ms drap student presented to the faculty at the university of michiganflint in partial fulfillment of the requirements for the doctor of anesthesia practice program winter, 201s first reader. Employee turnover and retention essay example 936 words 4 pages. Pdf the intention of the proposed study is to know the significant difference in the. Summer internship project report entitle to study factors affecting employee retention at sanraj polyprinters is a result of my own work and my indebtedness. Employee retention is defined as an organizations ability to retain its employees.
Such companies do not realize high costs of the turnover. Study on determining factors of employee retention. As mentioned before, employee retention at the age of uncertainty is one of the most discussed issue in the area of hr management. Human resources, employee retention, job satisfaction, literature. Jun 27, 2014 employee retention effective employee retention is a systematic effort by employers to create and foster an environment that encourages current employees to remain employed by having policies and practices in place that address their diverse needs. The project is worked based on the openended responses taken from the employees. Employee turnover is a very costly problem for companies. In fact, many of the other key drivers of attrition identified in this report fall under the wheelhouse of middlemanagement.
Employee retention is beneficial for the organization as well as the employee. The relationship between employee engagement and employee retention is examined from the response to separate questionnaires from 185 employees who are chosen based on random sampling. It 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. A study of employee retention issues in the hospitality industry abstract the purpose of this study is to investigate employee retention problems in the hospitality division of a corporate operation and to relate those findings to nationally published industry reports. A successful company often has a high employee retention rate. An employee retention program erp is said to be effective when a systematic effort is made to create and foster an environment that encourages and supports employees to remain employed by maintaining strategies and practices in place that addresses their diverse needs. An investigation into the high turnover of employees. The study finds that the employee retention can be.
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