STRATEGIC EMPLOYEE RETENTION: ENHANCING WORKFORCE STABILITY THROUGH EFFECTIVE HR MANAGEMENT

ICTACT Journal on Management Studies ( Volume: 11 , Issue: 1 )

Abstract

Employee retention remains a critical challenge in human resource management, directly impacting organizational productivity, stability, and overall success. High turnover rates contribute to increased recruitment costs, loss of institutional knowledge, and decreased employee morale. Organizations struggle to implement effective retention strategies that address job satisfaction, career development, work-life balance, and compensation. This study explores key factors influencing employee retention and evaluates strategic interventions that enhance workforce stability. A mixed-method approach was employed, combining surveys and interviews with HR professionals and employees across multiple industries. The analysis highlights the effectiveness of career advancement programs, competitive compensation packages, flexible work arrangements, and strong workplace culture in reducing turnover. Results indicate that organizations implementing comprehensive retention strategies experience a significant reduction in employee attrition and an improvement in overall job satisfaction. Findings emphasize the importance of proactive HR policies in fostering long-term commitment among employees. The study provides actionable recommendations for businesses to refine their HR frameworks and create an environment conducive to sustained workforce engagement.

Authors

J. Noorulkhathija, A. Jahir Hussain
Galgotia College, India

Keywords

mployee Retention, Workforce Stability, HR Strategies, Job Satisfaction, Talent Management

Published By
ICTACT
Published In
ICTACT Journal on Management Studies
( Volume: 11 , Issue: 1 )
Date of Publication
February 2025
Pages
2032 - 2037

ICT Academy is an initiative of the Government of India in collaboration with the state Governments and Industries. ICT Academy is a not-for-profit society, the first of its kind pioneer venture under the Public-Private-Partnership (PPP) model

Contact Us

ICT Academy
Module No E6 -03, 6th floor Block - E
IIT Madras Research Park
Kanagam Road, Taramani,
Chennai 600 113,
Tamil Nadu, India

For Journal Subscription: journalsales@ictacademy.in

For further Queries and Assistance, write to us at: ictacademy.journal@ictacademy.in