Employee Retention-A global challenge for private sector

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AMIT SINGH

Employee Retention-A global challenge for private sector

Authors: AMIT SINGH

Unique Paper ID: 172069
Volume: 11
Issue: 8
PageNo: 1852-1858

Keywords: Employee retention talent management turnover compensation career development work culture leadership employee well-being work-life balance technology engagement personalized strategies employee expectations organizational success.

Abstract:
Employee retention has become a critical challenge for organizations in the private sector worldwide. As businesses face increasing competition for talent, evolving employee expectations, and shifting economic landscapes, retaining skilled employees has become an essential strategic priority. This project explores the global challenges of employee retention, identifies the key factors influencing employee turnover, and examines successful case studies from various industries. It also provides actionable strategies for improving employee retention, such as competitive compensation, career development opportunities, and fostering positive work cultures. Furthermore, the project highlights the growing importance of work-life balance, leadership, and employee well-being programs in influencing retention rates. The role of technology in employee engagement and retention is also discussed, along with the need for personalized retention strategies that cater to the diverse needs of the modern workforce. In conclusion, the project emphasizes the importance of adapting retention strategies to meet the changing demands of employees and the business environment. Organizations that invest in comprehensive and adaptable retention practices are more likely to build a loyal, motivated workforce that drives long-term organizational success.

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Cite This Article

ISSN: 2349-6002
Volume: 11
Issue: 8
PageNo: 1852-1858

Employee Retention-A global challenge for private sector

Available:https://ijirt.org/article?manuscript=172069

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

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