International Scientific Journal of Engineering and Management

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A Study on the Causes of Employee Turnover and Different Retention Tactics Developed by Business

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A Study on the Causes of Employee Turnover and Different Retention Tactics Developed by Business

Ms Thushara Sojan

Research Scholar

Department of Management Studies

St. Berchmans College, Changanacherry

 

Abstract

The paper on the topic “A study on the causes of employee turnover and different retention tactics developed by businesses” is mainly concentrate on various causes that result in the resignation of an employee in this present scenario. The term resignation is defined as “the movement of the employees beyond organizational boundaries” or it can also be “rotation of the workers around the labour market; between firms, jobs and occupation; and between states of employment and unemployment”. This paper deals with the various causes that result in this great resignation drive. In organizational point of view, replacing an experienced employee is costly as it required training. In order to overcome this, the firm must try to retain experienced employees. Here, this paper also look into various strategies that the firm can adopt to reduce attrition rate. It also include various ways to implement motivational theories in an organization to reduce employee turnover rate and retain them.

Key words

Employee resignation, employee turnover, employee turnover rate, employee retention, Retention Strategies


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