A Study on Current Scenario of Employee Retention

The HRM function and HRD profession have undergone tremendous change over
the past 20-30 years. Many years ago, large organizations looked to the “Personnel
Department,” mostly to manage the paperwork around hiring and paying people.
Retention of employees is key to the long term health and success of any organization.
It is a known fact that retaining your best employees ensures customer satisfaction,
increased product sales, satis ed colleagues and reporting staff, effective succession
planning and deeply imbedded organizational knowledge and learning. Employee
Retention is a method of taking measures to encourage workers to retain back in
the company for the highest possible time duration. It is a process in which the
workers are motivated to stay with the completion of the particular project or long
term. Employee Retention technique is bene cial for the company as well as the
worker. The researcher discussed its importance, objectives, and scope and given
some suggestion to retains the employees inside the organization.