Employee Retention and Turnover Reduction Techniques
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Employee Retention and Turnover Reduction Techniques
Omika saroj BBA 6 Semester
Abstract
Employee turnover is one of the most significant challenges faced by modern organizations. High turnover rates result in increased recruitment costs, loss of organizational knowledge, reduced employee morale, and productivity losses. This study explores effective employee retention strategies and turnover reduction techniques implemented in various industries. Using both primary and secondary data, the research investigates factors contributing to employee turnover, the impact of retention practices, and how organizations can build a sustainable workforce. Key findings suggest that strategic human resource management, employee engagement, recognition programs, competitive compensation, and career development opportunities play a vital role in reducing turnover.
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