Title: Mastering the Challenge of Dissertation Writing on Employee Retention Strategies
Embarking on the journey of writing a dissertation is akin to setting sail into uncharted waters. It's a formidable task that demands unwavering dedication, extensive research, and exceptional writing skills. Among the myriad of topics, one that stands out in its complexity is employee retention strategies. In the dynamic landscape of human resources, crafting a comprehensive dissertation on this subject requires a deep understanding of organizational dynamics, human behavior, and strategic management principles.
The intricacies involved in dissecting employee retention strategies cannot be overstated. From analyzing the factors influencing employee turnover to evaluating the effectiveness of various retention initiatives, every aspect demands meticulous attention and rigorous investigation. Moreover, synthesizing existing literature, conducting empirical research, and presenting coherent findings add layers of complexity to the dissertation-writing process.
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Employee retention can help in retaining the skilled employees and as a result increasing the overall organizational performance thereby benefiting both the employer and the employees. The chapter provides a review of available literature in the area of employee turnover and puts in place a sound strategy for improving staff retention For most. An effective Human Resources team can contribute to the successful running of a business. In the research on analysis of the implementation of strategic HRM for enhancing the employee retention in the leisure industry market, random sampling technique has been implemented for selection of 20 respondents for the research survey. It was also found that these factors make a significant impact on thesatisfaction of teachers. Recognize the different types of benefits offered in most organizations. Statistical techniques such as correlation and regression analysis, descriptive analysis, t test, ANOVA and z test have been implemented. Try re-evaluating what’s being offered to your employees. Losing such employees can cause a little bit of discomfort for the organization. Both the chosen organizations in this study must follow and implement proper strategic human resource management in order to retain their valuable employees in the organization. And this level of customer satisfaction is only possible due to the presence of a dedicated team of employees. The literature on employee turnover is divided into three groupings: sources of employee turnover, eff- ects of turnover and the strategies to minimize turnover. Elijah Ezendu Managing Conflicts in Departments, Cross-Functional Teams, Committees and B. Organizations can achieve employee retention by developing four strategies. Yes, you really can make an impact, and TeamBonding is here to help. Managing Conflicts in Departments, CrossFunctional Teams, Committees and B. Both are essential, but employee retention improves with additional rewards such as: Stock options or financial rewards or bonuses for exceeding goals. The concept of strategic human resource management is closely integrated with the traditional approach of human resource management for achieving various kinds of strategic planning and implementation of the strategy (Domsch and Hristozova, 2006). This inquiry, however was delimited to one of the branches of a fast growing private college which offer health science programs wherein all the teaching and non-teaching personnel are the respondents. Rewards and recognition coupled with employee training and development play a significant role in the retention of employees. Do not hesitate to contact us for more information. Most vacation policies usually call for one-week after one year and two-weeks after two years. Here is where the human resource department comes to play their part. Three types of talent people decide the corporate development Key talent people: decide the development in the near 3-5 years Talent people of existing source: decide the profit. Broad-based strategies Broad-based strategies are directed at the entire organization or at large subsystems and are intended to address overall retention rates. Moreover the success of the leisure industry could be ascertained from the yearly turnovers and the revenue it generates as compared to the other industries. This study is conducted to know the major factors which influence the teachers to remain in any management institution. The overall survey has been based upon the well designed and structured sets of questionnaire consisting of questions that are open ended and mailed to the respondents. The various policies and regulations of HRM practices for improving better relationship with the employees in organization also have been evaluated throughout this research paper that are quite important for HR managers of leisure industries for improving employee retention within the industry. Therefore if the employees are not retained, a chaotic situation can emerge due to lack of adequate employees.
Group incentives shared among members of a work unit, such as an operating department. In general, there are some specific research philosophies that are used or implemented in a research. The literature on employee turnover is divided into three groupings: sources of employee turnover, effects of turnover and the strategies to minimize turnover. An Intro to Talent Development and Talent Analytics An Intro to Talent Development and Talent Analytics Talent Development Workshop
IAD15 Talent Development Workshop IAD15 Case study IHRM Case study IHRM Mars Case Study: BITC Workwell Model in Practice Mars Case Study: BITC Workwell Model in Practice Case study hrm Case study hrm Human resorce management. However every team member wants to feel that their input is welcome and will be taken seriously without ridicule or condescension. Eye Opening Statistics. 29% of employees are actively engaged in their jobs 54% are not engaged. Read on to also find out who you can contact in case you need help in completing outstanding assignments. In order to undertake this thesis following are the objectives that have been formulated by the author. To learn all four major conclusions, continue reading. The payoff is maintaining a steady, loyal workforce. Factors Affecting Employee Retention: A Comparative Analysis of two Keywords: Retention Strategies, Employee Retention, Retention Management 1. Retention of employees can be a vital source of competitive advantage for any strategy Based on a review of the literature, many studies have investigated. Lacking a well planned and definite research methodology it is considerably complicated to carry out the undertaken research project on analysis of the implementation of strategic HRM for enhancing the employee retention in the leisure industry market. But if the new employees also get the chance to interact with the top management at times, a sense of importance can be conveyed to them. Impact of motivation on employee retentionKwame? pdf You’ll save money Estimates vary, but the cost to replace a talented team member is high. Employees stay and leave their organization for various reasons. Therefore the work needs to be distributed correctly so as to be done with precision. This research, therefore, recommends some appropriate strategies for the development of a proper talent pool. Subscribe to our blog for useful tips, tricks and insights. Therefore it trains and grooms that individual and makes him capable enough to fulfil his duty properly. When a company hires someone, it hires the person for a long term. And To determine the impact of the current implicit retention strategy on the perceptions of the teachers. This is based on your organizations ability to pay 6 I. Being in touch will give you the opportunity to talk to any employees who are having second thoughts about working for your company. Boasting an impressive range of designs, they will support your presentations with inspiring background photos or videos that support your themes, set the right mood, enhance your credibility and inspire your audiences. The employees feel motivated if they receive recognition in the company. Strategies need to be in place to ensure successful communication and to build teamwork among employees. It is based on this and the disposition a person is likely to bag a decent job in the leisure industry (Samuel and Chipunza, 2009). Therefore if the employees are not retained, a chaotic situation can emerge due to lack of adequate employees.
Our new CrystalGraphics Chart and Diagram Slides for PowerPoint is a collection of over 1000 impressively designed data-driven chart and editable diagram s guaranteed to impress any audience. We also use third-party cookies that help us analyze and understand how you use this website. These practical HR strategies for employee retention will help you retain your top talent and simultaneously improve customer and team relationships. These motivations include both monetary and nonmonetary motivations. The reasons might simply be more attractive jobs elsewhere or chances for lifestyle reshapes, in which case it might be out of your hands to retain these employees. Dissertation Report Employee Retention dissertations, research proposals, lab reports, etc). One division comprised of the close ended questions and the second division held the variables. Other studies indicated that effective communications improve employee Identification with. It has also been identified that it will be very important for the Kuwait MNC to lay down proper planning concerning retirement planning of their employees for keeping them satisfied and retained within the organization. One thing to note is virtual St Patrick’s Day team building activities are just as fun as getting together in person. You have a chance here to make some changes and prevent them from leaving. The secondary sources which have considered for this specific purpose includes the past journals, researches and observations or articles conducted previously on a similar research area and are widely available over the internet. This area could prove to be a highly sensitive one between employer and employee, so extreme caution is suggested in all instances. Therefore it trains and grooms that individual and makes him capable enough to fulfil his duty properly. Keywords: Retention Strategies, Employee Retention, Retention Management 1 The list of retention factors and literature review is not meant to be. Various previous studies on this topic have been analyzed in this research for identifying the best practices and policies of human resource management for improving the employee retention within leisure industry (Swanson and Holton, 2001). As long as you know where your managers stand, you’ll be able to step in and avoid further issues from arising. This includes enhancing benefits packages, fixing inflexible schedules and providing a path for growth within the company. The younger group of employees should be well appreciated to increase their morale to. Alexandria, VA: Society for Human Resource Management (SHRM). Study on Determining Factors of Employee Retention -? pdf. It’s essential to the health of your organization for you to do what you can to reduce turnover. Flexibility in scheduling and benefits is another key attribute in employee retention. However, team engagement activities can be a great way to make a shift in your culture for the better. The benefits of the use of simple random sampling lies in the fact it proficiently enables easy sampling of the respondents for the research survey, along with facilitating the gathering of mixed or varied response and feedbacks through the survey, which in turn essentially leverages up the accuracy of the data analysis and hence the research findings and results. The chapter of the research methodology has offered a comprehensive design concerning the diverse kinds of procedures and research techniques that has been included for fulfilling the purpose of collecting research relevant data and information from a variety of genuine and dependable data sources. Spectrum of Collective Leadership by Elijah Ezendu Spectrum of Collective Leadership by Elijah Ezendu Leadership Development Strategy and Strategic Planning: The Chicken and Egg. In that case the other duties of the individual get neglected. However, determining the needs of select groups of skilled employees can be difficult to determine in today’s markets. The data shows that the amount of turnover accounted for by retirement is relatively minor when compared to that associated with other factors, such as teacher job dissatisfaction and teachers pursuing other jobs.
KEYWORDS: Retention Factors, Retention Management Model, Job Retention Download Free PDF View PDF EMPLOYEE RETENTION IN A HIGHER EDUCATION INSTITUTION: AN ORGANISATIONAL DEVELOPMENT PERSPECTIVE Anton Grobler, Melissa du Plessis Talent retention and employee turnover are major concerns for higher education institutions (HEIs) because they are losing highly qualified staff to the private sector and to other HEIs that are able to offer better rewards and benefits. These policies are often in the form of employee manuals, which all employees have. Once the employee is accustomed to the work environment and delivers a quality work, the company will never want to lose the person. An Intro to Talent Development and Talent Analytics An Intro to Talent Development and Talent Analytics Talent Development Workshop IAD15 Talent Development Workshop IAD15 Case study IHRM Case study IHRM Mars Case Study: BITC Workwell Model in Practice Mars Case Study: BITC Workwell Model in Practice Case study hrm Case study hrm Human resorce management. Therefore attracting and retaining skilled employees have become an important aspect for institution. Reprinted with permission of Academy of Management. Spectrum of Collective Leadership by Elijah Ezendu Spectrum of Collective Leadership by Elijah Ezendu Leadership Development Strategy and Strategic Planning: The Chicken and Egg. Explain why employee engagement is important, and how to foster such engagement. But more importantly team member want supervisors whose clear performance expectations, deliver timely feedback on performance, live up to their word and promises, and provide an environment where the employee can grow and succeed. The SHRM also helps in developing strong relationship between the various levels of workers and managers within organization This St Patrick’s Day, TeamBonding has great ideas for your remote team’s enjoyment There are different ways through which SHRM could accomplish its motive (Milman, 2013). Employee Turnover. Types of Turnover. Voluntary. Employee Initiated. Involuntary. Organization Initiated. By proper use and implementation of the positivist philosophical approach, it has been possible to gather proper and accurate or real time data and information from different primary and secondary data sources which in turn significantly enhanced the overall accuracy of the data analysis. This is where implementing employee retention strategies can help. Dawley Jeffery D. Houghton Neil S. Bucklew Business, Psychology The Journal of social psychology 2010 TLDR This study is among the first to examine job fit and personal sacrifice as mediators within the POS-turnover intention model, and indicates that job fit partially mediates the relationship between PSS and POS, and that personal sacrifice partially mediating the relationship Between POS and turnover intention. The Gale Group 2006 states organizational benefits of personal recognition are priceless, yet statistics supports that the impact of verbal praise has the ability to enhance company loyalty, motivation, and perseverance at no extra charge. The Career Alchemist - Transforming Challenges into Professional Gold - Rober. In this context, it can be said that the undertaken research on of strategic HRM for enhancing the employee retention in the leisure industry market have incorporated the implementation of both inductive as well as deductive research approaches. It involves a lot of money and time of the organisation behind each of its employee. According to Monsen and Wayne Boss, (2009), the training and development programs serve as a bridge resulting in the increased satisfaction of the employees and thereby ensuring an increased rate of employee retention in the company.
Unemployment Compensation Provides compensation payments to individuals who are unemployed due to layoffs or downsizing A state enforced mandatory benefit the rate paid to most states is based on claims experience HR managers enforce strict policies concerning involuntary separations from the organization and zealously defend the company in compensation claims disputes. 20 Mandatory Benefits3. However, employees do not know how their work reflects in the. It's more important that new employees fit the organization than that they have the skills to fit the job. Well trained managers are less likely to have negative feedback from employees. Our mission is to connect and equip schools and community organizations to deliver quality summer learning programs to our nation’s youth to help close the achievement gap. To manage their work skilfully and adeptly the department needs to implement some strategic moves to ensure fruitful outcomes. With the help of different statistical tools and techniques such as IBM SPSS, regression, frequency analysis, ANOVA and graph
chart the findings have been analyzed. It has provided 2.6 million job offers to people according to the survey of BISL. More mental resilience, which improves productivity and creativity at home and work.
The objectives to be achieved for conducting this study are: To determine if the current implicit retention strategy is effectively retaining the teachers. Instead of managing with tight controls on employees, foster employee involvement and self-management. Simple random sampling is that specific sampling technique or process in which specific samples or group subjects are selected from a larger population or sap le size. And this is a major truth in the environment of any work culture or organisation. These organisational climate factors were found to explain approximately 30% of the variance in the employees’ intent to stay in or to leave the organisation Some organizations provide for 3-or-4 weeks of vacation for long tenure, such as five or ten years of service to the organization.
29 Voluntary Employee Benefits5. With the help of this particular research study, key stakeholders associated with the leisure industries also can be managed that can help to maintain strong bonding between the different stakeholders. Retention defined as “an obligation to continue to do business or exchange with a particular. Therefore the study has made an attempt to present faculty retention as a major HR issue. Reprinted with permission of Academy of Management. In the business world, leisure industry hugely demands the requirement of fulfilment of customer satisfaction and for that retention of the employees is very necessary which could be achieved by following the recommended factors. But opting out of some of these cookies may affect your browsing experience. The strategic human resource mainly concerns with the long term human capital issues within organization such as culture, structure, quality, commitment, values and managing needs of the human resources. Eye Opening Statistics. 29% of employees are actively engaged in their jobs 54% are not engaged. COBRA Benefits The Consolidated Omnibus Budget Reconciliation Act (a federal law) Provides for extension of health insurance coverage to employees who are eligible for qualifying events (circumstances surrounding an employees situation after leaving an employer) Former employees who are eligible for extended insurance coverage for a period of 90 days, must pay the full premium plus a 2 percent administrative cost to the former employer. 22 Mandatory Benefits5. Now if the employees are contented in the organisation, they will give their best shot to maintain the name of their company at the top of the charts. If you start off by hiring the right people, you’re bound to see those people stay for a longer period of time. Sep 2012 Thequestionnaire The Second part elicited retention strategies factors, an extensive review of the literature on employees intention for the. The numerical data thereby obtained has been analyzed statistically for obtaining of the desired results and outcomes. Promote from within and have clear succession paths to create a compelling incentive for employees to stay with your organization. KEYWORDS: Retention Factors, Retention Management Model, Job Retention Download Free PDF View PDF EMPLOYEE RETENTION IN A HIGHER EDUCATION INSTITUTION: AN ORGANISATIONAL DEVELOPMENT PERSPECTIVE Anton Grobler, Melissa du Plessis Talent retention and employee turnover are major concerns for higher education institutions (HEIs) because they are losing highly qualified staff to the private sector and to other HEIs that are able to offer better rewards and benefits. The data reveals that equal opportunity is not being given to all employees to attend the. The SHRM also focuses on a set of practices and policies for enhancing skills, knowledge and ability of the employees within workplace. Research indicates that the total cost of employee turnover is about 150% of an the literature reviewed as a significant factor in the employee retention efforts. Relax the tight controls on employees, relax the close monitoring of employees. Employee Turnover. Types of Turnover. Voluntary. Employee Initiated. Involuntary. Organization Initiated. However, determining the needs of select groups of skilled employees can be difficult to determine in today’s markets Anything less can contribute to them leaving the company earlier than you’d like Dini Arifiani 2014021021 Gloria Audrey 347 LEARNING OBJECTIVE Describe a comprehensive approach to retaining employees. It saves your time and decrease your efforts in half.
This Management report will look at the Recruitment Processes with an NHS Acute Trust and identify if E recruitment can help with the d. This chapter also highlights the various objectives of the research study with the help of different secondary sources such as books, articles, magazines, journals and website sources. The opinions regarding the friendliness and approachability of managers seem varied. Almost. To find out more, including how to control cookies, see here. Plan administrators seek the most inexpensive means to provide medical care. Training provided should be at par with industry standards. Employee Retention: The Case study of Mwanza Regional Secretariat, in partial. Moreover, these programs can also help in the nurturing of the psychological conditions of the employees by making them feel that they are an integral part of the organization and their part of contribution is very important for the overall success of the business and the organization they are working for (Ramlall, 2013). This research provides a real world solution for this problem that would be helpful for different kinds of organizations especially in the leisure industry. Creating effective employee retention strategies can go far toward helping your business meet its goals. Dissertation Report Employee Retention dissertations, research proposals, lab reports, etc). This paper studies the job retention in education sector. They automatically gets involved with the company and do not want to leave their jobs. This chapter also focuses on the research design and sampling technique for analyzing of this research. On the other hand if the interests and benefits of the employees are looked after, it also boosts them to work diligently for the organisation. As a Montreal accounting and finance recruitment agency, Exceleris can assist you in your recruitment process for accounting, taxation, and finance positions. This research, therefore, recommends some appropriate strategies for the development of a proper talent pool. The inner desires of a person act as the driving force for doing a work.Such desires include. Unsatisfied workers are looking for new opportunities as the country reopens and the economy recovers. This is where the Work recognition programs have come into existence and proved popular. Armstrong Myria W. Allen Margaret F. Reid Computer Science, Sociology DATB 2006 TLDR A causal map was developed that indicated women's actual turnover was linked to their views of their family responsibilities, the stresses they face within the workplace, various qualities of their jobs, and the flexibility they were given to determine their work schedule. Our mission is to connect and equip schools and community organizations to deliver quality summer learning programs to our nation’s youth to help close the achievement gap. These policies are often in the form of employee manuals, which all employees have. But that motivation goes one step beyond if he receives some award for the same. Indirect Compensation Perks Employee benefits and perquisites Perks luxury items intended to reward employees for organizational membership Company cars Country club memberships Access to recreational facilities When work is consistent with employees’ values and needs, job satisfaction is likely to be high. Figure 7.4 How Job Satisfaction Leads to Quitting. The close-ended questionnaire has been established for this purpose Depending on the role you’re trying to fill, you may also face additional expenses from paying overtime wages. 2. You’ll strengthen your company’s culture When you have a stable team, your employees establish bonds based on trust, respect, and knowledge of each other. TalentWise has transformed one of the most critical tasks that every company depends upon for success: hiring new employees. Achieving Competitive Advantage Through Strategic Corporate Social Responsibi.
Challenge team members to take risks (and accept failure). Employees should be rated correctly according to their performance and paid accordingly. The employees feel motivated if they receive recognition in the company. It’s essential to the health of your organization for you to do what you can to reduce turnover. The performance based and other allowance and the bonus given by the organisation in addition to the salary definitely act as the extra motivation that anchors the employee to the organisation. Keywords: Retention Strategies, Employee Retention, Retention Management 1 The list of retention factors and literature review is not meant to be. The writers there are skillful, humble, passionate, teaching and tutoring from personal experience, and exited to show you the way. Elsafty Mahmoud Oraby Business, Education International Journal of Business and Management 2022 Human resource is an important asset in any organization. Bibliography 65 NIT
KURUKSHETRA Employee Retention In Private sector ABSTRACT Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the project. Hard to hold: Conquer the tight labor market by retaining valuable. Hence, it is no surprise that more and more companies are concerned with retaining talent. The strategic human resource mainly concerns with the long term human capital issues within organization such as culture, structure, quality, commitment, values and managing needs of the human resources. Employer and Employee Relationship Versus Future of Work Employer and Employee Relationship Versus Future of Work Speaking to Influence Executives Speaking to Influence Executives Performance Wingspan Optimization Approach by Elijah Ezendu Performance Wingspan Optimization Approach by Elijah Ezendu Creative Selling Model for Boosting Sales Performance During Recession and Tu. Impact of motivation on employee retentionKwame? pdf. Employee retention strategies help organizations provide effective employee communication to improve commitment and enhance workforce support for key corporate initiatives. Explain why employee engagement is important, and how to foster such engagement. Provide final expenses and provide a small portion of income for remaining family members. To retain the good talent who are new to the industry, they must be given a pay package. You must be more than willing to have open lines of communication at all times so you have an idea about your employees thoughts on working for your company. Moreover, 37% were neutral about this and were not positive or negative about this. Now if the industry is generating such a huge amount of revenue per year, it has the support of the customers, which is again dependant on the satisfaction provided to them through the service of the employees. The employee usually pays nothing for the life insurance premium and 100 percent of the discounted rate for any disability coverage. Therefore it is important to retain these talented people in the organisation for the betterment of the company and the prospective future of its business. And if the person is going to any other firm of the same industry, then there is always a risk of the leakage of the trade secrets of the company, if essentially the employee resigning is an integral part of the management. Adjunct Faculty (MBA Programme), Ladoke Akintola University of Technology; Editor-in-Chief, Cost. The organisation has to implement various strategies for retaining its human capital. This research study also helps to identify how the different complex problems of managing human resource can be solved through effective implementation of strategic human resource management. McKee Ryan, Zhaoli Song, Connie Wanberg, and Angelo J. Health Maintenance Organization (HMO) Provide preventative care to individuals before they became ill. Elijah Ezendu Future of Work by Dr Elijah Ezendu, FRSA.
