An Expedition into Employee Job Retention Strategies

Abstract

Establishment of employee retention strategies is crucial for organizations looking to reduce costs, improve productivity, foster a positive work environment, retain valuable knowledge, gain a competitive edge, and enhance customer satisfaction. The study would examine various aspects of employee job retention, including training, career growth, effective communication, team building, performance appraisal, superior support, salary and other benefits, congenial work environment and job security. Effective retention strategies can contribute to competitive advantage by reducing turnover costs, foster a skilled and motivated workforce. Employing a survey method, the research sought to identify employee job retention strategies within the company. The study's sample size comprised 101 respondents. The statistical tools facilitated meaningful interpretation and reporting of the research results. The findings were that there is no significant association between the gender and job training given to them and there exists a significant relationship between the different age groups in the company with regards to overall satisfaction. The factors of employee retention strategies are exhibiting a significant correlation among themselves with a strong positive correlation between training and career growth; training and performance appraisal.