Abstract:
“This project is done on human resource management topic in the area of” “A study on
employee retention techniques in the InoGigz Company”. “The most challenging job for any
present manager is to retain their employees. Employee retention involves taking measures to
encourage employees to remain in the organization for the maximum period of time.
Corporate is facing a lot of problem in employee retention these days. Hiring knowledgeable
people for the job is essential for an employer. Employee recruitment and retention are one of
the major issues facing the IT Sector. But retention is even more important than appointment.
There is no end of opportunities for talented person. There is ample number of choices
around employees. In olden days salary was all that matters, but today it’s just one among the
components. Some of the other essentials are like work environment, relationship, freedom to
work etc.”Due to high level of attrition it is important to know whether the employees are
satisfied with their job and organization, if not the reason for leaving. This project will
specify the effectiveness of various retention practices used retain the employees. The study
also includes various trends of practice followed by the organizations and its effect on the
problem of attrition. “Retention is a top business priority for more than one third of the
administrations. More than one third of HR professionals in the company views retention as
one of their pressing issues. It is not very often that the management would be aware of the
true reason as to why an employee would be leaving their organization. To be positive in
knowing the reason, an effective exit interview procedure is very essential. This would help
the organization to an extent to get a clear picture of what is going wrong. Thus, this study is
directed to find out directly from the employees the factor that does not inspire them to
continue employment with their organization. With help of a self-developed questionnaire
few factors are taken into consideration for the study. With the help of the study, an attempt
is made to find out the effectiveness of the follows and how practical is it to retain the
employees.””
Description:
“Human Resource Management (HRM) is the strategic and coherent technique to the
control of an employer's maximum valued assets – the human beings operating there, who
personally and collectively make contributions to the fulfilment of the goals of the business.
The terms "human resource control" and "human resources" (HR) have in large part replaced
the term "personnel control" as an outline of the processes worried in dealing with people in
corporations. “Human Resource Management is evolving rapidly. Human Resource
Management is both an academic theory and a business practice that addresses the theoretical
and practical strategies of managing a workforce.”
“The Human Resources Management (HRM) function includes lots of sports and key
amongst them is finding out what staffing needs exist and whether or not to use unbiased
contractors or hire employees to fulfil these wishes; recruit and educate the excellent
employees, make sure they're excessive performers; handling recital issues; and ensuring the
employees and management practices conform to various regulations.” Activities also include
handling the approach to employee blessings and compensation, worker facts and personnel
policies. Usually, small businesses (for earnings or non-income) must carry out these
activities themselves due to the fact they can't but afford element or full-time help.
“However, they need to always make certain that employees have and are aware of –
employee’s guidelines which conform to present day regulations. These regulations are often
inside the form of employee manuals which all employees should have.”
“HRM is seen by way of practitioners within the area as an extra modern view of workplace
management than the traditional method. Its strategies pressure the managers of an
organization to specific their dreams with specificity – in order that they can be understood
and undertaken with the aid of the workforce – and to offer the sources needed for them to
successfully accomplish their assignments. As such, HRM strategies, when nicely practiced,
are expressive of the desires and running practices of the corporation overall. HRM is also
visible via many to have a key role in chance reduction within organizations.”