Employees Retention Strategies adopted by the Management of the Selected Companies in Indian Telecom Sector
Keywords:
Employee Retention, Retention Strategies, Employees Satisfaction, Indian Telecom SectorAbstract
Every organization is using resources i.e. men, machine, money and material. Out of these resources, human resource is a live and most important resource. It utilizes the other resource to generate other. Its availability, skills, development, motivation and commitment only make the optimum utilization of human resource. Only the problem comes when the employees are not acquired, developed, and motivated properly. These create sense of dissatisfaction among them and may think to change over their jobs. This is called employees attrition or turnover. This attrition adversely affects the availability, motivation, commitment and satisfaction of employees to a great extent. Therefore, it is to be taken care of employees so that they remain satisfied at their jobs. The Employee Retention has gained importance in recent years. At present it is the need of the companies to design suitable strategies for their retention so that the employees remain satisfied at their jobs and attrition rate may be reduced to a good extent, and employees are available at workplace. The combination of strategies work in this direction and not one strategy is suitable. This paper tries to find out the gap between the strategies required and strategies followed, and highlight the feelings of employees regarding the retention strategies used by the selected companies in Indian telecom sector.
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