Retention: Tag, You're It!

Topics:
Talent Management
Tags:
American Society For Training & Development,
Employee,
Human Resources,
Recruitment & Selection,
Workforce Management
Source:
American Society for Training & Development

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Overview: From the executive summary: ‘Retaining key employees is one of the major problems faced by corporate world today. A solution means more profitable companies, more productive employees, and more satisfied customers. Losing employees is also expensive. Researches suggest that the cost of replacing lost talent is probably more than the salary earned by the newly recruited employee.’ Thus, companies must devise a strategic hiring policy to make sure best talent is employed and retained. As a result, HR has to lead retention efforts by making managers responsible and accountable for keeping good employees. The paper throws light on the concept employee retention.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 43KB | Date: Apr 2000 | Pages: 5

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