[Employee Retention]

By

Acknowledgement

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

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ABSTRACT

In this study we try to explore the concept of Employee retention in a holistic context. The main focus of the research is on the employees of Tapal Dane-Dar Pvt. Ltd. Pakistan its relation with the HRM practices of the company. The research also analyzes many aspects of employee retention and tries to gauge it's the performance of a company. Finally the research describes various factors which are responsible for a company to retain its valuable employees and tries to describe the overall effect of the HRM practices of the company on the employees.

TABLE OF CONTENTS

ABSTRACTiv

CHAPTER 01: INTROUDUCTION1

Background1

Worth of the problem - Theoretical provisions1

Problem statement2

Objective of the research3

Research questions3

CHAPTER 02: LITERATURE REVIEW4

Employee's Turnover5

Importance Of Employee Retention7

Sources Of Employee Turnover8

Checklist Of Costs Of Turnover8

Effect Of Work-Life Balance Policies9

CHAPTER 03: METHODOLOGY11

Research Approach11

Data Collection11

Questionnaire Explanation12

Ethical Viewpoint12

CHAPTER 04: DISCUSSION14

The Emotional Salary17

The Relationship19

Recognition19

CHAPTER 05: CONCLUSION21

REFERENCES27

CHAPTER 01: INTROUDUCTION

Background

The economic sphere has itself very competitive-intensive and complicated in the course of the era. In the present situation, energetic macro environmental issues, the global financial crisis and dynamic job market is important, for every enterprise, to be prominent. One has to reduce their costs, investments in competitive advantage and work out a viable strategy. Formerly, Human Resource Departments were not in the mainstream in Pakistan and nearly all frequent attributes regarding employee's problems had been treated by Administration. However, Organizations are now getting awareness of the facet for a higher production to spend in the firm's main significant Asset - its workers. But the actual crisis reveals after companies spend massive amounts in jobs advertisement, selection process and employees training but after all these stages employees leave the companies. Employee's turnover is a difficult problem confronted by all the organizations. The challenge of this fluctuation can be solved only by efficient Human Racecourse management's methods and effective retention policies.

Worth of the problem - Theoretical provisions

Dilemma of excessive turnover rate and less retention ratio of the staff has harmful consequences on the productiveness (Bernards & Anderson 2008, 61). Analyzing the literature constrain that importance of the worker's retention is extensively studied. It should be generally understood that the supreme objectivity of the research remains the formulation of rational remedy for the crisis of staff turnover. One more fact that brings to front is recognizing the riddle of employee's constant and endless transition. This idea has been discussed by (Edward, 2009) debated who states that executives became supposedly smoggy about the question of the employee retention almost simply they accept being a staple" of the business. The sharpness of the problem can be ...