Employee retention is one the core problems of the modern era. As firms are facing difficulties to retain their best employees in current time, employees also have the best option for them to utilize their talent in different organizations. So in this environment firms have to spend a lot on employees to retain them.
If one employee leaves the organization then it can become very difficult for the organization to immediate fulfill that position. The irm has to hire the new employee after fulfilling all the procedure i.e hiring, recruiting etc. Training is also necessary for newly hired employees to became an active part of the organization and sometimes after doing lot of effort the firm does not even succeed to get the competent employees so therefore employee retention remains one of the biggest challenge for any organization to retain its best employees for the longer period.
In this case the firm has to increase the salaries of employees and other benefits from time to time, promotion and other incentive to retain its employees. Training and development for capacity building is also key figure to increase employee retention. So employee retention problems exist in the business industry. Apart from the government sector, in private sector employee retention is an even more serious problem as government sector employees are not easily willing to leave the organization because they have job security in government sector but in private sector employees can move easily when they get any better opportunity.
The objectives of this study are to find out: How capacity development influences and helps in retention; how emplyee empowerment effects on retention; and how promotion impacts retention.
Inhaltsverzeichnis (Table of Contents)
- CHAPTER 1
- 1.1 INTRODUCTION
- 1.2 RATIONALE OF STUDY
- 1.3 PROBLEM STATEMENT
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This study aims to analyze the existing research and literature on employee retention, focusing on factors that influence retention within organizations. It aims to identify key factors, such as capacity development, empowerment, and promotion, and their impact on employee retention.
- Factors influencing employee retention
- The impact of capacity development on employee retention
- The role of empowerment and promotion in employee retention
- Strategies for enhancing employee retention
- The significance of employee retention for organizational success
Zusammenfassung der Kapitel (Chapter Summaries)
Chapter 1 introduces the concept of employee retention and its importance for organizations. It discusses the challenges of retaining skilled employees in today's competitive job market, highlighting factors that drive employee turnover. The chapter also emphasizes the significance of employee satisfaction and the need for organizations to invest in training and development to improve employee skills and performance.
Schlüsselwörter (Keywords)
Employee Retention, Capacity Development, Empowerment, Promotion, Organizational Success, Training and Development, Job Satisfaction, Employee Turnover, Competitive Job Market.
- Quote paper
- MBA Shahid Durez (Author), 2016, The Impact of Capacity Development, Employee Empowerment and Promotion on Employee Retention, Munich, GRIN Verlag, https://www.grin.com/document/379391
