Understanding Employee Retention: Processes, Best Practices, Myths, and Important Factors

Mehul Mehta

Abstract

The study describes the relationship between the human resource management practices and the employee retention. It has become essential to retain the best employees for the organisation’s performance. The research reviews relevant literature to identify HR practices that influence the employee retention and also the effect on the overall organisational performance by retaining the right and efficient employees. Therefore, it is important to have a productive and efficient workforce to collectively focus on the organisation’s success. In this paper we provide highlight the importance of employee retention in HRM, discuss the critical process and best practices in employee retention, briefly summarise the myths in the context, and provide a detailed discussion on the factors affecting employee retention.

Keywords   Employee Retention, HRM, Three R’s of Employee Retention, KEI Employee Retention Wheel

Journal   IOARP Journal of Business and Management
Volume   Volume 3
Issue   Issue 1, December 2023
Date Published   December 2023
Published in   IOARP Journal of Business and Management
Date Appeared in GDL   15 January 2024

Pages   11
Global Digital Library Number   GDL-IOARP-JBM03-004
ISSN  
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