Homework answers / question archive / The work is to be 7 pages with three to five sources, with in-text citations and a reference page

The work is to be 7 pages with three to five sources, with in-text citations and a reference page

Writing

Share With

The work is to be 7 pages with three to five sources, with in-text citations and a reference page. When an employee leaves the organization, he along with him also takes the knowledge, company policies, and strategies along with him to the competitor. Moreover, selecting another candidate and aligning him to company culture adds another cost to the organization. Although the problem of employee retention has been in existence for a long time, the problem is getting grimmer and serious with time. In this context, it is important for companies to retain their employees. This has led to an increased interest in research in the area of Employee Retention. This paper does a literature review of the various research papers that have been published in this area.

The research focusing on reasons for the voluntary turnover by employees has mainly pointed out two categories of reasons: family (personal) reasons or professional reasons. Often, employees leaving the organization leave it because they do not find a fit between the organizational goals and their own goals. One of the propositions on why employees leave is based on the fact that employees are having a psychological contract with the organization where each has a set of expected outcomes from the other party. If an employee feels that the organization is not fulfilling its duty in terms of what it owes to the employee, he is more likely to quit the job (Vos and Megank, 2007). Job dissatisfaction among an employee may be the result of job stress, repetitive work, ambiguous role or excessive workload. Economic factors such as pay, rewards, bonuses&nbsp.and other benefits also play an important in influencing the job satisfaction of the employees. Besides, unfair rewards is another reason, an employee may leave an organization (Rashid et al.,2009). &nbsp.At the same time job alternatives available in the market also lead to employee turnover.&nbsp.