Employee Retention: A Review of literature

Abstract

Employee retention has become a big concern for corporations in the current global competitive environment. An organization invests time and money in grooming an individual so that he is ready to work and understands the corporate culture. It is critical for the organization to keep those individuals who work really hard and are critical to the system. The most difficult task that organizations face today is not only managing but also retaining these resources. Employee competencies are critical to a company's ability to be economically competitive, so attracting and maintaining skilled people is critical for every firm. Furthermore, managers face another issue today: maintaining employee satisfaction. The current study examines the numerous available literatures and analyses the contributions of various researchers on employee retention from the year 2012 to 2021. Based on a comprehensive review, the study's findings suggest that leadership, training and development, and the work environment are crucial for keeping personnel in the organization. Over the last decade, the way people are managed and developed at work has come to be acknowledged as one of the most important variables in improving organizational success.