Business Research Report: HRM Strategies for Employee Retention

This business research report explores employee retention strategies within the Australian business context, focusing on the role of Human Resource Management (HRM). The research emphasizes the importance of quantitative methods and empirical data to understand employee turnover and the effectiveness of HRM practices. The report highlights how HRM strategies, including employee development, training, and fostering job satisfaction, contribute to improved employee retention rates. It delves into the evolving role of HRM, extending beyond talent acquisition to encompass employee engagement, career development, and alignment of individual needs with organizational goals. The report also addresses challenges in implementing HRM strategies, such as understanding diverse employee needs and ensuring that employees are motivated and satisfied. The research underscores the significance of aligning employee career goals with organizational objectives and recognizing employee productivity as a measure of successful HRM implementation. The report concludes by emphasizing the importance of HRM in achieving organizational goals through a satisfied and engaged workforce.

Running head: BUSINESS RESEARCH
Business Research
Name of the Student
Name of the University
Author Note

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Table of Contents
Answer 1..........................................................................................................................................2
Answer 2..........................................................................................................................................3
Bibliography....................................................................................................................................5

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Answer 1
The research method used in this research focuses on getting information based on the
quantitative research based on empirical methods. The research in this context takes into account
quantitative feedback from a data pool or sample. The human resource and the management of
the Australian scenario relating to the employee retention shows that the HR practices use more
embeddedness of the training and the employee development helps in the better retention of the
employees. The HRM has a basic function of embedding the employee turnover with the with
firm performance and high-performance work systems. The modern HRM strategies take into
account a number of factors to improve the interaction between the employees and the employers
for a better employee recruitment and retention policy which also ensures job satisfaction among
the employees
The implementation of the different strategies will help in the development of a number
of plans for the overall training and the training management of the different employees. In this
research the importance of the different Human resource practices is taken into account and how
these practices help in the overall interaction with the employees ensuring job satisfaction. in the
future the role of the HR is not limited to the different talent acquisition and the employee
management but ensuring the overall involvement and understanding of the employee with the
needs of the organization. the role of the HRM will not only be talent acquisition but their
training and development to nurture them according to the needs of the organization. on the other
hand, they will also make sure that the different employees have their needs and their relative
hopes in terms of their environment to be fulfilled. The HRM will have a number of important of

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important roles from ensuring the job satisfaction of the employees their overall communication
with the management.
To retain the employees on a long-term basis it is extremely important to understand by
the HRM, their needs and requirements in the different fields of operations relating to the fair
development of the job satisfaction among the different employees. The HRM needs to follow a
number of different aspects and heed on a number of factors relating to the organizational
structure and behavior along with the knowledge and fore sight of the future plans of the
company. The jobs need to be appealing for the different employees and the work should be
given and assigned to each employee according to their proficiency. On the other hand, they also
have to make sure that the new employees are recruited and trained according to needs and the
policies of the organization so that they have job satisfaction and the organization has high
employee retention level.
The reaching of the modern form of the successful HRM strategy can be understood with
the growth of the company and when the company needs to recruit employees to diversify and
expand and not recruit them to fill positions vacant due to attrition. The job satisfaction of the
employees and their productivity in the organization also shows us how the different employees
and their ambitions related to the company are fulfilled. The success of the Human Resource
strategy also lies in the overall achievement of the organizational goals which is only possible
when the people working in the organization are satisfied in every way and relate\ their
individual growth to the achievement of the organizational objectives. The overall growth due to
this cause shows how the different people relate to the organization and their willingness to
loyally fork for the success of the organization which in turn is the success of the HRM
strategies.

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Answer 2
There are a number of problems faced in the implementation of the different plans and
strategies of the Hunan resource management. There are a number of problems which the HRM
faces while making sure of the overall wellbeing of the work environment. One of the most
important issues to be heeded on in this context is the making sure of the needs of the different
needs and the requirement of the different employees in the organization. It is extremely difficult
for the HRM to understand the need of the different people in the organization.
 One of the most important works of the HRM is to ensure job satisfaction of the different
employees along with making sure that their performance is not hampered. One of the
most important job is also to ensure that the employees WANT TO WORK IN THE
ORGANIZATION’
 Motivation of the employees to ensure job satisfaction is one of the best ways to
enlighten us on the success of the hr. strategies that are implemented. The HRM also
faces the employees new to the organization need to alight their career goals with the
needs of the organization so as to achieve the maximum output and success.

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Bibliography
Smith, A., Oczkowski, E., & Smith, C. S. (2011). To have and to hold: modelling the drivers of
employee turnover and skill retention in Australian organisations. The International
Journal of Human Resource Management, 22(02), 395-416.