A Study on Employee Retention and Process of Update Color Process Pvt Ltd., to Pallipalayam

Abstract

Employee Retention is a challenging concern of the organization. This study stressed on Employee Retention strategies. Employees are the assets of the organization. To retain skilful and committed employee in the organization management should take care of employee satisfaction. Find out the reasons employee turnover and overcome this. The purpose of this study in prove how employee retention is essential in this days and age and if the organizations are not wake to the situation and immediate action are not taken to that effect what repercussions lay ahead and how they would affect the organization and the industry. .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. It is a strategic tool for the success of the firm. Employee Retention is beneficial for the organization as well as employee. Employees today are different. They are not ones who do not have good opportunities in the hand. As soon as they feel dissatisfied with the current employer or the job they switch to over the next job. A good employer should know how to attract and retains its employees.