RETENTION

Qualitative Research Understanding Factors Relating To The Retention



Qualitative Research Understanding Factors Relating To The Retention

Problem Statement and Study Purpose

To evaluate the different methods of retaining employees, their problems and requirements for better job satisfaction, the underlying reasons behind employee turnover, assessing the organizational offerings and its impact on potential employees especially with respect to compensation mechanisms, their morale and influences on the morale, their overall performance and general apprehensions, their need to be given job security, and other such problems.

Research questions

Employee retention is a fairly difficult phenomenon if the organization does not know what it should do. Few of the research questions enlisted below will develop our understanding about the aspects involved in employee retention:

How training and development influences an employee decision to remain with the organization.

How a reduction in employee turnover positively influences an organizations financial outlook.

What are the factors that lead an individual to quit jobs?

What are the measures that can be taken to ensure higher job satisfaction?

What are the measures for recognizing superior performance and how these affect the organizational strategies?

How can employees be influenced to improve rather than quit?

What are the reasons behind employee turnover?

What should the organization be doing to inculcate a spirit of loyalty among employees?

How can an organization ensure its best employees remain loyal and satisfied?

How do monetary and non-monetary compensation plans helpful in retaining the best employees?

Hypothesis

H0 = Employees leaving an organization, take the step because of the lack of motivation of work from the management.

H1 = Employees leaving an organization, take the step for personal motives and personal success factors.

Study Variables

The independent variable in this study is:

Management.

The dependent variable in this study is:

Wish to leave the organization.

Conceptual Model

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 defined project. Employee retention is beneficial for the organization as well as the employee. According to documents present in literatures around the world, we see that there are six key concepts behind employee retention and in turn, employee satisfaction. These are: recruiting, communications, training, job satisfaction, pay, and benefits (Breaugh, James, Starke, 2000).

Review of Related Literature

Recruiting

The best way to retain employees starts off from the phase of recruiting. Attracting new employees and then retaining them may not be two similar things, but each one reinforces the other in real sense. These functions require creating a repute of the organization internally as well as externally so that good employee generation is possible and once employees are hired, they may be so satisfied that they do not want to leave (Davies, Paul, 2002). If the organization represents itself more realistically, it will create an impression on the employees and will result in positivity all the way. However, employees too have to be honest while passing through the recruitment phase. They must be true in whatever they say about their expectations, culture, and demands and about the organization ...