Employee
Retention Towards Engagement
Retaining more talented
employees in the organizations is very important and this directly link with
organizations performance and productivity further this created the positive
mindset among the general public and customers which lead the competitive
advantage (Durand H. Crosby, 2014). Younger generation employees are expecting meaningful
jobs which can help employees to develop knowledge and gain opportunities in
global market and employees will change the companies if employer unable to
understand and fulfil the requirements hence understanding the employees needs
and retain them is very crucial in current situation (Sara Jacobs et al,
2014).
Video02:
Employee Retention
(Source:
Gregg, 2018)
Above video
comprehensively explain the employee retention towards engagement, employee
retention is most important factor of an organization as its directly link with
organizations’ performance, productivity, cost and customer satisfaction
further organizations conduct survey and then take necessary strategic
decisions to retain employees through engagement activities (Gregg, 2018).
Employee retention is considered
as a heart of organizations success, hence encouraging employees to stay long
time period or until complete the given task or objective further engaged
employees hardly leave the organization and this reduce the cost of the organization
such as absenteeism, recruitment, training and development (Komal Khalid,
Samina Nawab, 2018). Employees are assets In any organizations’, as per
corporate leadership council highly performing organizations keep 87% of
employees in other words employee retention level is 87% further to maintain
this level organization has to recruit appropriate candidates and provide
proper training and development which enable discretionary performance and
employee engagement which link with employee retention (Balachandran, C et al,
2013).
Employee
Recruitment
Recruitment and selection
is very crucial part of an organizations, an effective recruitment practice can
help organization to enhance the competitive advantage further in current
business context most of the organizations are initially do the internal
recruitment as this will improve employee engagement as organization give the
first preference to internal employees and employees knows about the
organization’s culture and system hence less time for adoption (Janes, 2015).
Customer satisfaction is more important to retain and gain the business, in
order to satisfy customers organizations should have trained and experienced
employees hence organizations must recruit suitable person and that is the
foundations of employee engagement further in order to select right person
organizations must do psychometric test rather than recruiting people by
looking at the person or skills (How
to Engage Employees During the Recruitment Process - Engage for Success, 2020).
Training
and Development
Training &
development is a unique activity in organization, recruiting a suitable person
is not enough for organization’s success hence organizations should provide
proper training and develop employees to get engage, in addition engaged
employees retain and deliver over the expectations (Siddiqui and Sahar, 2019). In global context retention level
reflect the organizations performance, in globally 2%-3% of retention is
acceptable, further in the competitive environment organizations must keep high
performers to gain competitive advantage hence organizations should give proper
training and develop employees as training and development will increase the
engagement and people will retain the organization(Waleed Hassan et al, 2013).
Applying the theory to the organization which I
work for
The organization which I work for is a leading company in
telecommunication industry in Sri Lanka, I observed that last 10 years this
organization keep the number one position in the telecommunication industry
further to maintain the position, organization retain the employees and give
proper training moreover recruiting proper candidate to right position and
right time. Organization continuously maintaining the retention level which is
3% and as mentioned above this is globally accepted, further employee retention
will be evaluated monthly and this included from line managers to senior
managers’ monthly evaluation which exhibit that all the managers are
responsible for employee retention as such organization perform well
continuously.
Moreover organization initially publish the vacancies to internal staffs
and employees can select suitable position once staffs completed two years of
existing position, as per my observation employees get motivated as staffs
think organization help employees’ development in horizontally and vertically
and this shall enable employee engagement and also innovations, currently
organization practicing 70/20/10 rule which is zero defects, learning and
innovations and this is directly link with organizations tag line which is “The
future today” means introducing new technology to customers at first time further
organization does psychometric test during interview and not
immediately appointing employees instead observing employees during on the job
training period for two weeks and this will give the clear picture about
employees whether employee is suitable for organization’s culture as recruiting
proper employee is a foundation of employee retention.
Organization provide vas
range of training to employees through digital platform and this will be
evaluated of employees monthly evaluation hence all the employees are force to
do the on line trainings, I observed this will improve employees knowledge and
skills, providing training is very crucial in current business context as
environment change rapidly, in other word organization is responsible of
employees knowledge and ensure employees are updated the latest technology,
some employees are giving opportunities to go abroad for special training and
this is link with organization’s objective further I observed that all these
practices are engaging and retain employees as result organization perform well
in the industry continuously.
List
of Reference
Balakrishnan, C., Masthan,
D., Chandra, V. (2013) Employee Retention Through Employee Engagement- A Study
at An Indian International Airport. International Journal of Business and
Management Invention, 2(8), pp.09-16 [Online]. available at < https://pdfs.semanticscholar.org/edd1/b3dc2cfaf845312f3da3e569cb50db8cc3e0.pdf.>.
[Accessed on 20th June 2020].
Crosby, D., 2014. Improving Employee Retention in the Public Sector by
Increasing Employee Engagement. SSRN Electronic Journal, [online].
available at <https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2555709.>.
[Accessed on 19th June 2020].
Engage for Success. 2020. How to Engage Employees During The
Recruitment Process - Engage For Success. [online] available at: < https://engageforsuccess.org/how-to-engage-employees-during-the-recruitment-process.>.[Accessed 21 June 2020].
Gregg (2018) employee
retention [Video]. available at< https://www.youtube.com/watch?v=jbT-KrrXkYQ.>.
[Accessed on 20th June 2020].
Janes O Samwel. (2015)
Influence of Recruitment, Selection, Retention and Motivation on Performance of
Manufacturing Companies. International Journal of Science and Research, 78(96),
[Online]. available at < https://www.ijsr.net/archive/v6i11/3111703.pdf.>.
[Accessed on 20th June 2020].
Komal Khalid, Samina
Nawab. (2018) employee participation and employee retention in view of
compensation. Sage journals, [Online]. available at < https://journals.sagepub.com/doi/full/10.1177/2158244018810067.>.
[Accessed on 20th June 2020].
Sara Jacobs, Robin John Snelgar,
Michelle Du Toit Nee Renard. (2014) Intrinsic rewards and work engagement in
the South African retail industry. [Online]. available at <https://www.researchgate.net/publication/267765041_Intrinsic_rewards_and_work_engagement_in_the_South_African_retail_industry.>.
[Accessed on 19th June 2020].
Siddiqui, D. and Sahar, N., 2019. The Impact of Training &
Development and Communication on Employee Engagement¬ – A Study of Banking
Sector. Business Management and Strategy, [online] 10(1), p.23.
Available at: < https://www.researchgate.net/publication/332526740_The_Impact_of_Training_Development_and_Communication_on_Employee_Engagement_-_A_Study_of_Banking_Sector. >. [Accessed on 21st June 2020].
Waleed Hassan, Amir Razi, Rida Qamar, Rida Jaffir and Sidra Suhail.
(2013) The
Effect of Training on Employee Retention. Global Journal of Management and
Business Research Administration and Management, 13(6), [Online]. available at
< https://globaljournals.org/GJMBR_Volume13/3-The-Effect-of-Training-on-Employee.pdf.>.
[Accessed on 20th June 2020].




