Employee Retention Theories: Can You Share Insights or Resources to Help My Project?

Hi there,

I have been assigned a project on employee retention. Could you please provide me with information on employee retention theories?

Thank you.

Hi Nitika,

There are many ways to retain employees. You can engage them in your processes by giving jobs to their family members in your organization according to their qualifications and the organizational requirements of the particular individuals. Additionally, you can offer monetary and non-monetary awards.

Thank you.

Kindly find the following points in order to retain employees:

1) Attractive Salary & Perks
2) Status (Managerial Position/Privileged Treatment)
3) Offer Flexible Duty Hours
4) Recognition
5) Provide Motivation
6) Create a Learning Environment
7) Effective Leadership

It is a very abstract subject and depends on the sector, company, and job profile. So, if you are a student, you will have to scour different forums, and if you have work experience, you will understand retention better. Remember, attrition and retention are two different things.