Importance of Employee Retention Strategies

Introduction

Employee Retention Strategies are needed to keep the skilled workforce. The importance of employee retention strategies are significant for taking care of skilled workforce. Retaining a positive and motivated staff is vital. It is the very difficult task for an organization’s success. High employee turnover increases expenses and also has a negative effect on company goodwill. Implementing an employee retention program is an effective and efficient way of to remain employed while maintaining job performance and productivity.

Importance of employee retention strategies in the current global competitive market

Manage Employee Turnover

Employers implement retention strategies to manage employee turnover and attract quality employees into the organization. Retention programs mainly focus on the relationship between …