HRM Issue: Employee Retention - Analysis, Recommendations & Conclusion

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Added on  2023/06/17

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This presentation provides an overview of employee retention as a critical issue in Human Resource Management (HRM). It highlights the importance of retaining employees to minimize turnover and maximize organizational effectiveness. The presentation touches upon the organizational life cycle theory and offers recommendations such as providing competitive pay, fostering a fun work environment, and conducting regular performance reviews to improve employee engagement and loyalty. The conclusion emphasizes that employee retention is a core function of HRM and essential for sustained organizational growth. The document also provides a list of references for further reading on the topic. Desklib is a platform where students can find similar assignments and study tools.
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INTRODUCTION TO HRM
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TABLE OF CONTENT
Introduction
Main Body
Explore the HRM issue of your choice
Recommendations
Conclusion
References
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Introduction
Human resource management is basically known as the personnel
and professional development or management within the
organisation. Within many of the organisation, HRM is one of the
formal way to manage the people.
This presentation includes about the detail of one of the
significant HRM issue that is Employee's retention. In last
recommendations and a conclusion will be discussing for the
completion of report.
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Explore the HRM issue of employee’s retention
Hiring the employees is not only the challenge that the HRM department
faces retaining them for the longer time is also the one.
Retention of the employees within an organisation is very important to
minimize the employee's turnover rate and make major effective challenges
for the HRM.
One of the significant theory which a company work is to provide an
organisational life cycle theory that are related to work and make significant
approaches in external environmental circumstances.
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Recommendations
The company should provide a competitive pay that would be
beneficial for paying an effective relationship that can start work
effectively and strongly.
Another recommendation is to allow the employees to have fun at
work and build a camaraderie, helps in increasing productivity and
build loyal employee's relationship.
In last, it can be suggested that holding a regular performance review,
and provide a chance to their manager for finding ability to help the
employees to do better performance at their jobs.
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Conclusion
From the above presentation, it has been concluded that the use of employee's retention and make
significant growth to work effectively is the main task of HRM department.
Furthermore, It is analysed that retaining an employee within the organisation is one of the significant
task for the company.
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References
Barry, M. and Wilkinson, A., 2021. Employee voice, psychologisation and human resource
management (HRM). Human Resource Management Journal.
Islam, M.A., Hack‐Polay, D., Haque, A., Rahman, M. and Hossain, M.S., 2021. Moderating role of
psychological empowerment on the relationship between green HRM practices and millennial
employee retention in the hotel industry of Bangladesh. Business Strategy & Development.
Parng, Y.J., Kurrahman, T., Chen, C.C., Tseng, M.L., Hà, H.M. and Lin, C.W., 2021. Visualizing the
hierarchical sustainable human resource management under qualitative information and complex
interrelationships. Management of Environmental Quality: An International Journal.
Vardarlier, P. and Ozsahin, M., 2021. Digital Transformation of Human Resource Management:
Social Media’s Performance Effect. International Journal of Innovation and Technology
Management, 18(03), p.2150005.
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