Effectiveness of strategic human resource management practices on employee retention- A case study with reference to educational institution
Ramyashree MG, Dr. Ishwara P, Sanjaya Kini, 4 Preethi
Employee retention is important for firm performance. If the organization is not able to retain its employees, it will not be able to capitalize on human assets developed within the organization. Employee retention is of great importance these days. The retention of employees is important in every company. It is not only important to select the right employee for the organization, but also to retain these employees. So, retention is possible only if the employees are given proper training in respect to their employment, good working environment, career development opportunities, work-life balance, proper incentive and benefit policies, grievance policies and supervisor policies. This research has been conducted to study the impact of HRM practices on employee retention among the employees of the educational institution in the Dakshina Kannada District. The data will be collected from some of the respondents through questionnaire. The study will show that there is a positive relation between HRM practices and employee retention. If the HRM practices applied by the organizations are well organized, then the employees like to work in such organization. This is because they get good environment to work and have full freedom to work. Hence, retention of employees is in the hand of the organization.