A STUDY ON EMPLOYEE RETENTION IN AUTOMOBILE SECTOR

Authors

  • Damarsari Ratnasahara Elisabeth , Rahul Chauhan , Ishan Thakar , Joko Suyono

Abstract

Employee retention is a process in which the employees are encouraged to remain with the
organization for the maximum period of time or until the completion of the project. Employee
retention is beneficial for the organization as well as the employee. Employees today are
different. They are not the ones who don’t have good opportunities in hand. As soon as they feel
dissatisfied with the current employer or the job, they switch over to the next job. Is the
responsibility of the employer to retain their best employees? If they don’t, they would be left
with no-good employees. A good employer should know how to attract and retain its
employees. Most employees feel that they are worth more than they are actually paid. There is
natural disparity between what people think they should be paid and what organizations spend in
compensation. When the difference becomes too great and another opportunity occurs, turnover
can result. Pay is defined as the wages, salary, or compensation given to an employee in
exchange for services the employee performs for the organization. Employees comprise the most
vital assets of the company. In a work place where employees are not able to use their full
potential and not heard and valued, they are likely to leave because of stress and frustration. In a
transparent environment while employees get a sense of achievement and belongingness from a
healthy work environment, the company is benefited with a stronger, reliable work-force
harboring bright new ideas for its growth.

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Published

2020-11-02

How to Cite

Damarsari Ratnasahara Elisabeth , Rahul Chauhan , Ishan Thakar , Joko Suyono. (2020). A STUDY ON EMPLOYEE RETENTION IN AUTOMOBILE SECTOR. PalArch’s Journal of Archaeology of Egypt / Egyptology, 17(6), 11363 - 11373. Retrieved from http://mail.palarch.nl/index.php/jae/article/view/2931