By: noina dodo
Submitted: 2010-06-21 01:34:57 | Word Count: 630
STRATEGIES TO RETAIN HUMAN RESOURCES
INTRODUCTION
The Indian economy has been probing a huge transition and transformation process. Restructuring and the process of mergers and acquisitions that had taken a toll of the employment are now giving manner to growth of employment. Finally firms are increasing their advertising budgets and there is a gentle growth in employment. The appointment columns are now getting thick and also the Net sites are wooing folks to place in their resumes to attempt their luck for brand new careers. While this is often indeed a welcome development for the HR professionals, moving to different locations to interview prospective candidates, it's also brought in its sweep the problem of employee turnovers.
In all industries, the problem of employee turnover has continuously been an issue.
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Human capital is one in every of the most critical components of strategic success for several companies.
EMPLOYEE TURNOVER
Employee turnover has been defined as, “the rate of change within the operating workers of a priority during a definite period” in other word sit signifies the shifting of the workforce into and out of an organization.
Employee turnover is that the cause and effect of instability of employment, apart from being a live of the morale and potency or otherwise of workers.
CAUSES OF EMPLOYEE TURNOVER
Employee turnover is the outcome of resignations and dismissals. Resignations may be thanks to such causes as dissatisfaction with working conditions, insufficient wages, unhealthy health, sickens, previous age, and family circumstances and thus on. Dismissals on the opposite hand, could occur thanks to participation in strike or union activities, misconduct, insubordinate and inefficiency. But dismay could be a lesser cause of employee turnover.
MEASURES TO CONTROL EMPLOYEE TURNOVER
A high rate of turnover is unhealthy each for the employees and also the industry. Hence efforts ought to be made to reduce it or to retain the current workforce. Employee retention plays a key role to prevent employee turnover.
TOP TEN WAYS TO RETAIN AN EXCELLENT EMPLOYEE
Employee retention is one of the first measures of health of the organization. Exit interviews with departing staff offer valuable information, which can be used to retain remaining staff. Heed their results. The more important supply of information regarding the health of the organization is existing interviews.
CONCERN FOR THE HUMAN RESOURCES
There should be bound non-standard strategies or systems whereby, cordial industrial relation in an organization will be secured and human resources will be managed better for attaining the retention objective of the organization. Some of the methods, that will be of Human Resource" could be as follows which can, establish the fact that the management very cares for their
employees and are concerned.
1. Introduction of presenting memento
2. Sharing of knowledge with the unions
3. Appreciation note
4. Discharging bound 7 social obligation
5. Meeting with the Unions'
6. Tea-together
7. Award to the most effective worker
8. Birthday and marriage gifts
9. Barakhana
Author Resource:-
Noina has been writing articles online for nearly 2 years now. Not only does this author specialize in dating,Relationship
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