Quantitative Data Analysis Report on Employee Retention

Employee Retention

Executive Summary
The following report present the criteria of Employee retention that is the plan of action that are
created by the business to justify the candidates employee turnover risk. It is a crucial aspect of the
contemporary human capital organisation plan.
Contents
Executive Summary...........................................................................................................................2
Contents.............................................................................................................................................3
INTRODUCTION.............................................................................................................................4
Literature review................................................................................................................................4
Identification of a dataset sourced...............................................................................................8
CONCLUSION................................................................................................................................10
RECOMMENDATIONS.................................................................................................................11

REFERENCES................................................................................................................................12
Visualisations of data drawn from your quantitative analysis..................................................13

INTRODUCTION
Employee retention is the ability of an organisation to prevent their employees turnover
and the number of the employees who want to leave their company. A business need to keep best
employees around to the thrive. Employee retention is the strategies which is developed by the
organisation to mitigate the employees turnover risk (Degbey and et.al., 2021). It is a critical
aspect of the modern human capital management program. Losing the performing workers can
impact the team’s productivity and the employee morale. So it requires the adjusting to daily
functioning and department workflows. The following research has following aim and objectives–
Research aim – To analyse the Impact of employee retention strategy on the overall
performance of a firm. A research work on Marks and Spencer
Literature review
As per the views of Ekhsan, Parashakti and Sudiro (2020), To succeed, businesses must keep
their finest people on board. Employee retention aims to achieve this. Employee retention refers to
an organization's strategy for reducing employee turnover and the processes it implements to keep
its most valuable employees. Today's enterprises and HR departments face a major challenge:
employee retention. People leave their occupations for a variety of reasons. Some are voluntarily
undertaken, such as changing jobs, while others are not, such as being laid off. Employee retention
methods are generally focused on preventing harmful voluntary departure, rather than the loss of a
bad performer. It also emphasizes the need of turning. There are a few things to keep in mind
when it comes to recruiting:
Identification of selection processes: determining the skills and competences required is critical.
According to Marks & Spencer's experience, the most effective strategy for recruiting new staff is
to use an assessment process that includes interviews and selection activities.
Outsource/in-house recruiting: MSSSL hired an established recruitment agency with large-
campaign management experience as an extension of the company. For the initial recruitment of
the 80 positions offered, this proved to be an extraordinarily successful strategy. MSSSL
maintained ties with a small number of recruitment companies in the beginning, but since the
Manchester centre opened, there has been a shift toward in-house recruitment. As a result, Marks