ASSIGNMENT: FINAL PROJECT PROPOSAL The problem of low employee retention Employee retention is very vital in the formulation as well as accomplishment of objectives and goals of an organization. This has been a critical issue in a number of organizations because currently they find it very hard as well as challenging to manage employee retention and keep the employee turnover ratio below the industry target and norm. This issue contributes to the sudden loss of the organization’s investment training and the experience of such outgoing employees. This turnover culture of employees leaving the organization quite often usually lowers the productivity as well as the competitive advantage of the organization (Dundon, et al. 2004).
The main reason I have chosen this topic is because employees are the cornerstone of an organization and their retention is often a crucial competitive advantage for any given organization. The study into such an issue may help in the identification of the key factors that can contribute to the retention of employees (Zajkowska, 2012). The second reason is that the success of any organization is shown by their capability to understand the perspectives of employee as well as measuring their retention factors. This helps in establishing major factors that bring about their satisfaction and motivation so as to tackle the issue.
The HR problem is helpful in reducing the selection and recruitment costs that are very crucial to the organization. A research into the problem would benefit and assist most of the firms to lower the turnover rate so as to save the costs associated with hiring and time for retraining such new employees. The organization will also be able to retain high-skill and talented workers to perform a better work thus improving their productivity (Macey and Schneider, 2008).
Dundon, et al., 2004. The meanings and purpose of employee voice. International Journal of Human Resource Management, 15, 6, 1149–1170.
Macey, W. and Schneider, B.,
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