Importance of Employee’s Satisfaction

Abstract

A high employee’s turnover can be a hard blow to a business, because after investing money and time in a single or a group of employees, very often they end up jumping to another company. The main cause of this is the unsatisfaction of the employee with the company. In many cases management, know this can have a negative effect to the company, but do not know how to solve it. With different interviews and research it was found that all companies have different business structures and because of this, not all the employee retentions strategies can be used in all companies. However, a good retention strategy can be implemented and be cost effective to the company. Key Terms ⎯ Employee Retention Strategies, High Turnover, Cost, Employee.