Study on Turnover and Retention Strategies Identifying Causes and Implementing Solutions

Study on Turnover and Retention Strategies Identifying Causes and Implementing Solutions

Shinjan Rajpurohit

MBA (Pharma management and HR) student, NIMS University, Jaipur, Rajasthan, India

1-shinjanrajpurohit@gmail.com

ABSTRACT- The purpose of this study is to comprehend staff retention tactics and the reasons behind employee churn. Important research findings show that a variety of factors, including work-related stress, job satisfaction, job security, work environment, motivation, pay, and benefits, can cause individuals to quit their jobs. Furthermore, because of the costs involved, staff turnover has a significant effect on an organization and can have a negative influence on its productivity, sustainability, competitiveness, and profitability. To increase employee performance and lower turnover, firms can implement various tactics by first understanding the demands of their workforce.  Consequently, putting solutions into practice will boost people's and organizations' motivation, job happiness, and productivity—all of which can reduce absenteeism, employee turnover, and employment issues.

KEYWORDS- Turnover intention, job stress, job satisfaction, work environment, retention strategies.