Effective Strategies for Employee Retention and Business Performance

Methodologies
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Abstract
Employee retention is a very crucial concept for organisations in order to maintain the overall
productivity and profitability n long run. With changing times there is need to develop some
effective employee retention strategies so that there can be optimum utilisations of resources.
Further present report is based on analysing the way effective strategies can be formulated to
analyse the relationship between employee retention and higher business performance.
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Table of Contents
Abstract............................................................................................................................................2
Aim: To analyse different strategies of employee retention to retain talented employees in
organisations. A case study on Boots UK........................................................................................4
Introduction......................................................................................................................................4
Question:..........................................................................................................................................4
Justification of research topic:.........................................................................................................5
Literature review..............................................................................................................................5
Research methodology.....................................................................................................................7
REFERENCES..............................................................................................................................13
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Aim: To analyse different strategies of employee retention to retain talented
employees in organisations. A case study on Boots UK.
Introduction
The aim of the report is to identify different ways that can assist in retaining of talented
employees at the workplace for a longer duration of time. Employee retention is basically a
concept where different policies and practices are used by the human resource department so that
employees can be retained for a longer time period. Boots UK is a British health and beauty
retailer pharmacy chain that is having presence in United Kingdom and other different countries
that includes Itlay, Norway, Netherlands, Thailand and Ireland. Present report is based on
making an analysis of the concept of employee retention. Further, there is an analysis of the ways
these strategies can be used by organisations (Nayak and Singh, 2021). For which various
associated benefits of employee retention and its relationship with the over or performance of
business is analysed. There is application of various research methods and research design
approaches in order to develop a scenario. Further there is time scale prepared to ensure that the
research is timely completed. Information there is analysis in order to reach to relevant
conclusions.
Aim: “To identify the ways for retaining talented employees at workplace for longer time
period”. A study on Boots UK
Objectives:
 To develop basic understanding regarding employee retention in context of Boots UK.
 To examine the ways for employee retention at workplace of Boots UK.
 To determine benefits of employee retention in improvement of business performance of
Boots UK.
Question:
1. What do you understand by the concept of employee retention?
2. What are some of the ways of employee retention that can be used by Boots UK?
3. What are the associated benefits with employee retention and its relation with the overall
business performance at Boots UK?
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