Impact of Staff Retention Policies on Interlinked's Performance

This report examines the impact of staff retention policies on Interlinked, a UK-based company in the construction sector. The study investigates the importance of talent management in the face of increasing competition and the need for effective strategies to reduce staff turnover. It explores the background of the study, the aim to discuss the impacts of staff retention policies, and the objectives which include understanding the core concepts of staff retention, analyzing its impact on staff turnover, and suggesting strategies for increasing staff retention rates. The research questions address the concept of staff retention policy, its impact on staff turnover, and the best strategies for increasing retention rates. The rationale highlights the business issues that can arise from staff retention, and the scope of the research includes academic and corporate levels. References to relevant books and journals are included to support the analysis of the topic.

Staff Retention in Interlinked

TABLE OF CONTENTS
TOPIC: To identify impacts of staff retention policy for better talent management.......................3
INTRODUCTION...........................................................................................................................3
Background of the study..............................................................................................................3
Aim and objectives......................................................................................................................3
Research questions.......................................................................................................................4
Rationale......................................................................................................................................4
Scope............................................................................................................................................4
REFERENCES................................................................................................................................5

TOPIC: To identify impacts of staff retention policy for better talent
management.
INTRODUCTION
A constant procedure of attracting as well as retaining high quality of employees for
increasing skills and improving performance is known as talent management. This study is based
on Interlinked that supplies specialist covering mechanical, plumbing in construction sector all
over the UK. Companies in technological solution fields are facing problems due to increasing
competition (Pandita and Ray, 2018). It becomes important for companies to make use of
strategies that can increase staff retention rate. It is possible with an effective staff retention
policy and other strategies. There are some ways by which companies can increase staff retention
rate such as: motivation, rewards, policies like safety policy and others.
Background of the study
Talent management can be defined as strategic process of getting the right talent onboard
and help them out in retaining with the company. This present study us going to discuss
effectiveness of staff retention policy for helping out company in reducing staff turnover rate (De
Sousa Sabbagha, Ledimo and Martins, 2018). It will further discuss impacts that staff retention
policies and other strategies can have and ways as how it can improve overall performance of
company. There are several ways by which Interlinked company can retain its skilled workforces
and can take competitive advantages. All these strategies that this study will show are:
motivation, rewards, performance appraisal and others.
Aim and objectives
Aim
“To discuss impacts of staff retention policy in reducing staff turnover rate. Study on
Interlinked company”.
Objectives
 To understand the main concept of staff retention policy.
 To analyse impacts of policies of staff retention on staff turnover of Interlinked.
 To suggest the best way or strategy for increasing staff retention rate at Interlinked
company.
Research questions
1. What is the main concept of staff retention policy?

2. What impacts does staff retention policy can have on staff turnover?
3. Which is the best way or strategy of increasing staff retention rate?
Rationale
Staff retention is one of the main business issue that can create several problems and
affect image. The main aim behind conducting this research on staff retention is to make
companies able in taking competitive advantages. It may help them out in the future in building
their companies productive. All sectors of companies can make use of staff retention policies and
it is beneficial for both employees and employers. It is interesting topic and I wanted to gather
data related to this because it can increase knowledge and skills regarding ways of making
employees able to retain (Johennesse and Chou, 2017). So, as per the wide scope and
advantages, it can be said that selected topic can make beneficial to companies in making itself
productive.
Scope
It has wide scope at academic level as students can also identify strategies of decreasing
staff turnover rate. It is also beneficial for companies and can help them out to the great extent at
corporate level. By knowing ways of increasing staff retention, companies can take competitive
advantages and can also increase employees' satisfaction level. So, it can be said that it has great
scope and can help in the future to employers.

REFERENCES
Books and Journals
De Sousa Sabbagha, M., Ledimo, O. and Martins, N., 2018. Predicting staff retention from
employee motivation and job satisfaction. Journal of Psychology in Africa. 28(2). pp.136-
140.
Johennesse, L.A.C. and Chou, T.K., 2017. Employee Perceptions of Talent Management
Effectiveness on Retention. Global Business & Management Research. 9(3).
Pandita, D. and Ray, S., 2018. Talent management and employee engagement–a meta-analysis of
their impact on talent retention. Industrial and Commercial Training.