EMPLOYEE RETENTION AND ITS IMPACT ON ORGANISATIONAL PRODUCTIVITY

EMPLOYEE RETENTION AND ITS IMPACT ON ORGANISATIONAL PRODUCTIVITY

Gayathri B

RNS First Grade College, Channasandra, Bangalore – 560 098

INTRODUCTION
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 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 objective of the study was to measure the perception of employees for employee retention. For this purpose the investigator selected 70 employees working in government and private sector from Delhi region. Employee retention scale given by Walker (2001) was used. The collected data were processed by applying ‘t’ test. The result of the study reveals that there was no significant difference among male and female employees for employee retention also there was no significant difference between the perception of government and private sector employees.

Employee retention is a strategic tool for the success of the firm. Having the best and the most talented employees is not the only answer but it is equally important to retain them for long term

benefits to both the organization and employees. Encouraging employees to remain in the organization for a long period is known as employee retention. It is a process in which the employees are encouraged to remain with the organization for life time or maximum period of time. To manage top talent it involves a constant balance between the human desires and the strategic and financial needs of the business. 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. Long-term health and success of any organization depends upon the retention of key employees. To a great extent customer satisfaction, organizational performance in terms of increased sales, satisfied colleagues and reporting staff, effective succession planning etc., is dependent upon the ability to retain the best employees in any organization. This paper is an attempt to find out difference in the perception of employees.