Employee Retention - An innate Management Call & Goal!

The stories of employee retention were not mysteries of life! They are real work-life incidents happened daily. Employers have been consistently seeking employee retention contemporary strategies for it reduces the costs of turnover, assist in control of information knowledge base of company, reduces cracks on good will of the company and facilitates strong sense of communication and relationships with customers. The focus on employee retention is unchanged though the organizations are large or small in operations. For some employers, employee retention is a way of gaining social capital for companies. Strong company cultures, better communication of corporate vision and missions can be linked with employee retention. Another way of linking importance of employee retention to organization lies with increased performance and organizational efficiency. 

This, employee retention is today, an innate management call and goal. The idea of employee retention is no longer yet out dated. but one must believe that employee leave is unstoppable. It is more than a nature call for employees to be attracted with higher compensation packages and offers from other employers and thus these are unknown to existing employer! 

Management mindset to strive and drive employee retention in the organization by any means, perhaps, forceful means will bring much harms to the organization epistemology & structure. Contemporary employee retention shall be a mutual exchange of values between a management (employer) and employee. Employee retention should not be a firm management goal, but it can be a management culture! Retaining employees at their refusal, verily hinders motivation elements at work place and replaces the comforts to discomforts, decelerates work productivity and creates confusion. An employee can perform work-life balances properly, when employee retention becomes a voluntary work of management and employees themselves.   

No one can advocate a specific rate (such as 80%, or lower , 70%) as employee retention rate is a good rate for the company. Hiring right people for right jobs will enable and facilitate or reciprocates employee retention rates in this high labor turnover work places due to unveiling opportunities for employees to be in frictional unemployment.