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An organization is a type of social entity comprised of a group of people working together towards a common goal. And organization or firm is nothing but just a name without its most valuable asset, its employees as the employees are what allows the company to achieve its goals and hit target results. Not only will a group of employees make an organization, but they will also provide a good competitive edge.
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The employees can be on the higher tiers such as the likes of managers or something more humbler like foremen, but its these employees are what allows an organization have the ability to dominate other organizations. These employees contain all the necessary skills, behavior, knowledge, capabilities, efficiency and etc that organizations can employ to execute in-depth strategies and move forward with all their goals. An organization won’t be able to achieve anything without its employees, starting from the lowest position to the very top, so it’s a great idea that they are to be retained.
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Employee retention literally means the company, organization, or firm’s ability to keep or retain its employees. Employee retention requires certain strategies to follow. What this means is that organizations need plans and proper policies to keep their employees. So in order for an organization to be able to keep its employees, it’s good to know why they would want to leave in the first place.
Reasons why employees leave:
Pay grade -A very obvious reason as to why someone would want to get out of an organization or firm is money. The main reason why somebody would want to work is money. People work jobs to get money and this is why an employee would want to get out of an organization in favor of another one with better pay or if they feel like they are working to much for so little.
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Lacking Motivation: Motivation is what drives and encourages employees to work hard to achieve targeted goals. Employees need motivation to boost morale, be it monetarily or through other means. Morale and an employee’s passion to work is very important. Motivation provides exactly that.
Lack of Proper Management: Management is very important when it comes to employee retention Lack of managerial skills will only cause the number of employees drop down at a constant rate. Managers don’t need to be very stern and strict 24/7, there are situations where politeness is required. Its absolutely necessary for managers to hear the voice of the employees, listen to their problems and help provide a better solution.
These are just common reasons as to why employees, there are other personal reasons as to why an employee might want to leave and go about looking for another job.
Retaining employees is hard, but its 3 times as expensive to have them replaced so it’s better to keep them.
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