The Importance Of Employee Retivation In The Workplace

A workplace where employees want to stay, grow and contribute their knowledge, experience and expertise is significant for an organization. An organization spends an amount of money and also time in seeking and appealing to responsible, motivated, and original employees who are willing to work. When an organization acquires such a person, the problem of how to maximize their satisfaction and performance occurs. Reduction of employee turnover is an essential goal for any organization. Employees leave organizations for numerous reasons. Organizations need to listen to their employee’s needs and implement retention strategies to make their employees feel valued and engaged in order to keep them. These retention strategies can have a significant

When an organization offers competitive pay, pension, health plans, tuition reimbursement, bonus programs, and paid time off, this sends a message to employees about their importance to an organization. The rewards given to employees must be meaningful in order to impact their perception of the organization and therefore have a marked influence on its retention efforts. Secondly, to retain an employee, there must be a presence of empowerment felt by the employee. Empowerment in the sense of the workforce is getting the employees to do what is needed to be done rather than being told what to do. When an employee feels a sense of ownership in their job, the employee will put the effort into their responsibilities. Empowered employees will take leadership roles in the organization and will transfer energy unto fellow employees to take care of their everyday tasks. Also when an employee feels empowered, they feel as though they a part of decision making processes and their voices are being heard and listened to. This will lead to a beginning of employee being fulfilled in their role which leads to improved organization’s image. Forbes.com states “…we still need to give employees the ability to make their own decisions and be responsible for their outcome. Surveys show that employees that are able to have control over their daily environment have a higher leve of job satisfaction and stay longer ("Motivating and Retaining the Best Employees", 2011).” Another factor in retaining employees’ is developing career advancement opportunities. When an organization shows supports in an employee furthering their education and developing career plans, an employee receives a sense of commitment and loyalty on behalf of the organization. By an employee developing a career plan this will help the employee develop their long- term goals. Career development plans are agreements between