Retention in It Sector
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- Date Submitted: 04/06/2011 09:27 AM
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SYNOPSIS
ON
“RESEARCH ON EMPLOYEE RETENTION POLICY IN INDIAN PRIVATE SECTOR”
SUBMITTED TO:- SUBMITTED BY:-
MR. ASHWIN ANISHA
M.B.A-4 SEM
HINDU INSTITUTE OF MANAGEMENT,SONEPAT
(MAHARISHI DAYANAND UNIVERSITY,ROHTAK)
Introduction
Employee retention:-
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 is beneficial for the organization as well as the employee.
Employees today are different. They are not the ones who don’t have good opportunities in hand. As soon as they feel dissatisfied with the current employer or the job, they switch over to the next job. It is the responsibility of the employer to retain their best employees. If they don’t, they would be left with no good employees.
A good employer should know how to attract and retain its employees. Most employees feel that they are worth more than they are actually paid. There is a natural disparity between what people think they should be paid and what organizations spend in compensation. When the difference becomes too great and another opportunity occurs, turnover can result.
Pay is defined as the wages, salary, or compensation given to an employee in exchange for services the employee performs for the organization. Pay is more than "dollars and cents;" it also acknowledges the worth and value of the human contribution. What people are paid has been shown to have a clear, reliable impact on turnover in numerous studies. Employees comprise the most vital assets of the company.
OBJECTIVE OF STUDY:-
To know about various tactics used by the organization to retain their efficent employees.
Manager’s role in employee retention.
Need of the retention strategy by the organizations in today’s scenario.
To analyze the major factors affect the...
ON
“RESEARCH ON EMPLOYEE RETENTION POLICY IN INDIAN PRIVATE SECTOR”
SUBMITTED TO:- SUBMITTED BY:-
MR. ASHWIN ANISHA
M.B.A-4 SEM
HINDU INSTITUTE OF MANAGEMENT,SONEPAT
(MAHARISHI DAYANAND UNIVERSITY,ROHTAK)
Introduction
Employee retention:-
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 is beneficial for the organization as well as the employee.
Employees today are different. They are not the ones who don’t have good opportunities in hand. As soon as they feel dissatisfied with the current employer or the job, they switch over to the next job. It is the responsibility of the employer to retain their best employees. If they don’t, they would be left with no good employees.
A good employer should know how to attract and retain its employees. Most employees feel that they are worth more than they are actually paid. There is a natural disparity between what people think they should be paid and what organizations spend in compensation. When the difference becomes too great and another opportunity occurs, turnover can result.
Pay is defined as the wages, salary, or compensation given to an employee in exchange for services the employee performs for the organization. Pay is more than "dollars and cents;" it also acknowledges the worth and value of the human contribution. What people are paid has been shown to have a clear, reliable impact on turnover in numerous studies. Employees comprise the most vital assets of the company.
OBJECTIVE OF STUDY:-
To know about various tactics used by the organization to retain their efficent employees.
Manager’s role in employee retention.
Need of the retention strategy by the organizations in today’s scenario.
To analyze the major factors affect the...