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Retention

Submitted by shivers on December 13, 2006

Category: Business
Words: 3277 | Pages: 14
Views: 238
Popularity Rank: 42,558
Average Member Grade: N/A (Add a Comment / Grade this Paper)


The topic I chose to research was “Employee Retention.” The reason I chose this topic was because I wanted to know what keeps employees happy in today’s workforce. I wanted to learn more about the reasons as to why and how employee retention started to become an issue in organizations today. Companies and/or organizations depend on their employees’ individual performance to become a successful organization. Employees attribute to an organization’s main strategic objectives and goals. The way employees perform their job responsibilities affects organizational productivity and performance. If it were not for an employee the job would not get done. In order for an organization to receive excellent individual performance, employees need to be physically and mentally satisfied with the people they work with and their surrounding work environment. Managers truly feel it’s all about the money they pay their employees as the reason why employees stay in organizations. Now a day, money will not keep employees in a company. Managers have the power to greatly influence talented employees’ decision about staying in a company, by showing them that they care about them and their needs, remembering them, noticing them, listening to them, and thanking them for their talents and efforts (Kaye & Jordan-Evans pg. 14). In order for organizations to retain the best working employees, managers need to give effective communication, rewards and recognitions, benefits, and promotions from within the company.
One way to retain employees is by providing effective communication concerning company goals, objectives, and/or conflicts about the organization. “An effective management by objective (MBO) system starts with communicating clear expectations to employees. A manager needs to set specific goals, guidelines and standards for an employee. Managers are responsible for providing resources for staff members to meet goals and to perform the work assigned....

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