A STUDY ON EMPLOYEE RETENTION AND STRATEGIES IN THE HOSPITALITY INDUSTRY

Abstract:  Turnover is one of the subjects with much research in the organizational sciences and economics. Turnover rate can be minimized by encouraging employee retention. Many studies on turnover and employee retention claim that employee retention can help in reducing significant costs on training and induction. As the current employees have adequate experience, they can work up to their full potential. Most companies follow strategies that help in retaining the existing staff. This research aims to find out about various retention strategies and the benefits of investing in employee retention techniques. This research seeks to investigate the causes of high employee turnover alongside the intention of recommending strategies for the retention. It also helps us to find the needs of employee retention and to contribute literature on employee turnover and its prevention.

Keywords: Employee Turnover, Hospitality industry, Human resource management, Staff retention, Employee retention strategies, Job stress, Job satisfaction.

Title: A STUDY ON EMPLOYEE RETENTION AND STRATEGIES IN THE HOSPITALITY INDUSTRY

Author: Ms. Riya Susan Satish, Dr. J. Eugene

International Journal of Novel Research in Education and Learning

ISSN 2394-9686

Vol. 11, Issue 2, March 2024 - April 2024

Page No: 16-26

Novelty Journals

Website: www.noveltyjournals.com

Published Date: 27-April-2024

DOI: https://doi.org/10.5281/zenodo.11076599

Paper Download Link (Source)

https://www.noveltyjournals.com/upload/paper/A%20STUDY%20ON%20EMPLOYEE%20RETENTION-27042024-1.pdf