Retention
Why is retention such a major focus for human resource managers? How does focusing on retention add strategic value to the organization?
Sample Solution
Retention is a major focus for human resource managers because it is essential to the success of an organization, both in the short and long term. Retaining key employees helps ensure that the company has access to qualified and experienced personnel who understand how things operate within their sector, and are able to contribute effectively toward achieving organizational goals. In addition, retaining staff also leads to greater employee morale which can lead to increased productivity and better customer service (Truitt et al., 2017).
Focusing on retention adds strategic value to an organization in several ways. First, it can help reduce hiring costs by reducing the need for replacement staff or training new hires; this can save organizations time, money and resources otherwise spent on recruitment processes such as conducting interviews or developing job postings (Allen & Meyer 2020). Second, increased employee retention leads to improved knowledge management due to reduced knowledge loss from staff turnover (Barney 1991). Thirdly, having a loyal workforce correlates with higher customer satisfaction rates—as satisfied employees tend be more engaged with their work leading better outcomes —which in turn enhances brand reputation strengthens competitive advantage (Hsieh et al., 2011) . Finally , since individuals remain employed longer , employers are less likely have pay severance packages upon termination therefore reducing labor costs associated with replacing them altogether .
In conclusion , focusing on retention provides substantial benefits organizations ranging from lower operational costs highest levels customer loyalty brand recognition —all factors make up effective strategy should addressed carefully order maximize returns.
My Earliest Memory
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First recollections of oneself can be effortlessly mistaken for manufactured recollections made by seeing old pictures, films, and hearing stories identified with one's very own history. This is the situation for me: I have seen such a significant number of home films, heard such huge numbers of tales about myself, and seen such a significant number of pictures about my youth, I don't know for certain what my first memory is in reality. Since I can't pinpoint my first memory precisely, I will unfurl a progression of recollections that were the most punctual in my adolescence.
trees in windI recollect around evening time glancing through the huge glass windows of our front room at the tremendous pine trees and douglas fir trees, which brushed against our white fence. The trees would influence once in a while fiercely in the breeze, as it was basic in Seattle around evening time. I would watch the trees move, accepting to see many alarming and unusual shapes framing in obscurity, as though the trees were alive in a cognizant manner. The trees would move into the kinds of beasts my creative mind conjured up. I would inform my mom concerning the shapes and structures, yet as a typical mother would do, she attempted to quiet me down rather than cooperate with my ghostly obsession.
Another sharp early memory of mine was the point at which I analyzed my body. I was interested, as most kids may be, about the surface and type of the body we are given during childbirth. Since the beginning, I had four activities: two open heart medical procedures, and two hernia medical procedures. I would feel my scars, which scale up my chest and travel close to my crotch as though they were scenes, consumed into my skin until age would blur them away. Other than scars, I would savor over the littlest of points of interest about my eyes, which have hazel lines dashing away from the understudies. I would look at my life state through my eyes: I could perceive how I was all in all through them. My hands were likewise a state of interest for me: my left hand is altogether littler than my correct hand in light of medical procedures. Looking at them was and still is somewhat of a fixation of mine.
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I figured out how to ride a bike very early, however I don't recollect the specific age. My dad was an expert cyclist at a certain point, and he needed his child to be sharp in the game too. Be that as it may, I recollect my first endeavor to ride a bike without preparing wheels finishing shockingly and entertainingly. Out on the central avenue alongside our home, where there were basically no vehicles driving around in those days because of less populace, I began OK on a little kid bicycle. My equalization was fine from the beginning, however then I got overexcited and lost my parity, in the long run crushing into our post box. In spite of the fact that my father was worried about my wellbeing from the start, after he saw that nothing genuine had transpired, he chuckled decisively and was making jokes about me. I didn't feel disheartened—actually, I was snickering along following a couple of moments.
I have a lot progressively dispersed recollections that could consider first recollections, despite the fact that they are blended in with my impressions from watching home films, seeing pictures, and hearing anecdotes about my adolescence. We may not know our first memory for certain, yet once we attempt to uncover it, the world we lived in as a youngster pours through the perspective of visual idea, bringing back the air of this time into the present minute, similar to an incense smoke that delicately twists around our present detects.
exposition about existence, article design, chronicled essa