
Abstract: Turnover is one of the subjects with much research in the organizational sciences and economics. Turnover rate can be minimized by encouraging employee retention. Many studies on turnover and employee retention claim that employee retention can help in reducing significant costs on training and induction. As the current employees have adequate experience, they can work up to their full potential. Most companies follow strategies that help in retaining the existing staff. This research aims to find out about various retention strategies and the benefits of investing in employee retention techniques. This research seeks to investigate the causes of high employee turnover alongside the intention of recommending strategies for the retention. It also helps us to find the needs of employee retention and to contribute literature on employee turnover and its prevention. Keywords: Employee Turnover, Hospitality industry, Human resource management, Staff retention, Employee retention strategies, Job stress, Job satisfaction. Title: A STUDY ON EMPLOYEE RETENTION AND STRATEGIES IN THE HOSPITALITY INDUSTRY Author: Ms. Riya Susan Satish, Dr. J. Eugene International Journal of Novel Research in Education and Learning ISSN 2394-9686 Vol. 11, Issue 2, March 2024 - April 2024 Page No: 16-26 Novelty Journals Website: www.noveltyjournals.com Published Date: 27-April-2024 DOI: https://doi.org/10.5281/zenodo.11076599 Paper Download Link (Source) https://www.noveltyjournals.com/upload/paper/A%20STUDY%20ON%20EMPLOYEE%20RETENTION-27042024-1.pdf
Employee retention strategies, Hospitality industry, Job stress, Job satisfaction, Employee Turnover, Human resource management, Staff retention
Employee retention strategies, Hospitality industry, Job stress, Job satisfaction, Employee Turnover, Human resource management, Staff retention
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