Impact of Employee Retention Strategies on Employee Productivity

Name of Author : Dr. Renu Bala & Mr. Rajesh Bhardwaj

Abstract:  Employee retention strategies play an important role in an organization to enhance employee productivity. The purpose of this study is to identify the various employee retention strategies that can increase employee retention rate and also understand the role of employee retention strategies on employee productivity. A model is proposed that illustrates the various employees retention strategies namely employee recognition & appreciation, create open communication, congenial work environment., career advancement opportunity, foster employee training and development program, freedom to choose rewards, employee empowerment, fair pay structure, healthy employees and employers relationships and job security that affects employee retention rate in an organization and also demonstrates the relationship between employee retention strategies and employees performances. The study argued that employee retention strategies such as employee empowerment, employee training, job security, employee motivation and employee-employers relationship are essential for an organization to enhance employee retention rate and increase employee performance.

Keywords : Employee Productivity, Work Environment, Career Advancement, Opportunity, Employee Performance

DOI :