Human ressource practices in improving employee retention
Diana Ivana
Abstract
Open-access reader
Diana Ivana
Abstract
Open-access reader
In modern business, many organizations are facing employees' turnover loss. In order to prosper in the competitive environment the retention of skillful employees is critical. This paper explores the influence of HR practices (recruiting and selection, induction, training and development, performance review and compensanstion management) on employees' retention by proposing a strategic model. The proposed model could be a best practice guide for both academics and managers to implement specific actions and manage talented workforce.
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In modern business, many organizations are facing employees' turnover loss. In order to prosper in the competitive environment the retention of skillful employees is critical. This paper explores the influence of HR practices (recruiting and selection, induction, training and development, performance review and compensanstion management) on employees' retention by proposing a strategic model. The proposed model could be a best practice guide for both academics and managers to implement specific actions and manage talented workforce.
Key concepts: Employee retention, Business, Knowledge management, Computer science, Process management, Marketing