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What is the Employee retention management?
Retention of employee indicates that how an organization retain its employees. A fundamental strategy is used to grab the perfect retention. The strategy explains that an organization kept its 80 percent employees in a given time. However, sometimes a lot of issues can create an undesirable symptom known as Employee turnover. A lot of factors can be seen as the reasons of turnover. These are –
- Low employee confidence.
- Lack of a clear career path.
- Lack of acknowledgment.
- Poor employee-manager relations.
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What are the various Retention Programs to enhance the retention?
- Career Development.
- Executive Coaching.
- Motivating across Generations.
- Orientation and Onboarding.
- Women’s relationship programs.
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What are the various retention tools and resources?
The various retention tools and resources are as follow –
- Employee Surveys.
- Exit Interviews.
- Employee Retention Consultants.
What are the best practices of employee retention?
- Recruitment.
- Socialization.
- Training and development.
- Compensation and rewards.
- Effective Leaders.
- Employee Engagement.
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