A Brief Rundown of

Employee Retention

A type of social entity that is composed of people with the same goal in mind is called an organization. An organization or firm is practically nothing without the single most important asset in its possession, its employees, the ones who allow the gears of the organization to turn. Not only will a group of employees make an organization, but they will also provide a good competitive edge.

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Higher tier employees like managers all the way down to the humbler ones such as foremen are what allows companies to have a great competitive advantage over other organizations. These employees have the skills, capabilities, behavior, efficiency, knowledge and etc required for any company to execute any plans. Thus, without the support of employees be it from the lowest position to the very top, an organization equates to nothing, so it’s the best that they are held on to and taken care of.

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A company, organization, or firm’s ability to retain or keep its employees is what’s called Employee retention. Employee retention requires certain strategies to follow. Thus, companies need proper plans and policies in order for them to retain their employees. As they say the best way to solve a problem is to work on its source, thus, to keep employees an organization should know why they want to leave in the first place.

Reasons why employees leave:

Pay grade -A very obvious reason as to why someone would want to get out of an organization or firm is money. The main reason why somebody would want to work is money. People work jobs to get money and this is why an employee would want to get out of an organization in favor of another one with better pay or if they feel like they are working to much for so little.

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General Lack of Motivation: Motivation is the psychological factor that drives and encourages an employee to work hard to achieve desired goals. Motivation is the main driving force thus it’s only proper that employees get motivated from time to time be it through monetary means or not. Morale and an employee’s passion to work is very important. And what better way to provide that than motivation.

Lack of Proper Management: Managerial skills is what makes employees want to stay. Inefficient managers will only cause employees to leave on a regular basis. Managers don’t have to always be strict and stern towards their employees at all times, there are some situations where politeness is best suited. Managers need to provide employees better solutions to problems, and to do so they need to hear them out.

The reasons above are just the common reasons as to why employees want to leave I’m sure there are other personal reasons that might drive an employee to leave the organization.

Retaining employees is hard, but its 3 times as expensive to have them replaced so it’s better to keep them.

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