The labor factor is most impotent factor of
production factors, because it makes the difference. It makes the
difference in the businesses environment in all organisations to become more profitable
and sustained as completed ones. And also employee engagement becomes a popular
topic of the workplace which is approved to affect the organizational outcome.
Employee retention is a process in which the employees are encouraged to remain
with the organization for life time or maximum period of time. It is a
strategic tool for the success of the firm. Employee retention is a technique
adopted by businesses to maintain an effective workforce and at the same time meet operational requirements. Employees
are the greatest asset for an organization. Therefore, every organization must
treat their employees as ends and not means to ends, because they add value to the organization. The paper then shows how an
organization can find and retain talents as well as engaged. The objective of
the paper was to gauge the perception of employee’s retention and engagement, solution
in particular environment. The challenge of attracting and retaining talented
employees has always been a matter of concern to the companies, because
research showed time and again that while pay and benefits matter, one cannot
solely depend on money to attract and retain qualified employees, especially
those who get other employment opportunities. However, it is not that the
companies are oblivious of the key drivers of attracting and retaining
employees, like challenging and stimulating workplace environment, chance to
learn and grow, a good supervision, and great people to work with. However,
there is a gulf of difference between knowing and effectively applying that
knowledge, because that requires systematic approach to the issue and under the
present context of business environment, it is increasingly becoming difficult
to formulate a viable plan towards attracting and retaining quality employees.
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