Employee Retention: An Important Factor for Strategies Development

Employee retention is critical to an organization’s long-term stability, development, and profitability. Employee retention may be achieved by the implementation of four tactics. First and foremost, good communication should be emphasized. Second, make an effort to employ a diverse team. Third, recruit personnel with the necessary skills. Finally, provide staff with development and training opportunities. These elements are discussed in our study as they relate to employee retention tactics. The company may experience significant personnel turnover rates if employee retention methods are not adequately applied. The bottom line is that a longer stay of an employee is better for the overall success of the company. We present a set of suggestions to assist managers in increasing employee retention.