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WHAT IS EMPLOYEE RETENTION? What is retention? |      remuneration|     Growth|     Support|      descent|     Environment|  Importance Of Employee memory board|  What makes employees leave?|   Employee Retention Strategies|      modest Level|      Medium Level|      High Level|  Retention myths| * Is Attrition Always Bad * | Employee retention is a change in which the employees argon encouraged to remain with the organization for the supreme period of time or until the completion of the project. Employee retention is just for the organization as well as the employee. | | Employees today are different. They are not the ones who dont have smashing opportunities in hand. As soon as they feel dissatisfied with the current employer or the job, they switch over to the next job. It is the righteousness of the employer to detain their best employees. If they dont, they would be left with no good employees. A good employer should know how to attract and retain its employees. Retention involves five major things: Compensation Growth and Career Support Importance of kind in Employee Retention Program Organization Environment Compensation: Compensation constitutes the largest variance of the employee retention process.

The employees always have high expectations regarding their compensation encases. Compensation packages vary from industry to industry. So an attractive compensation package plays a critical role in retaining the employees. Compensation includes stipend and wages, bonuses, benefits, prerequisites, stock options, bonuses, vacations, etc. While setting up the packages, the succeeding(a) components should be kept in mind: Salary and periodical wage: It is the biggest component of the compensation package. It is also the most familiar factor of comparison among employees. It includes * Basic wage * House rent allowance * valuableness allowance * City compensatory allowance Salary and wages... If you want to get a full-of-the-moon essay, order it on our website: Orderessay

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