AN OVERVIEW OF HUMAN RESOURCES PRACTICES FOR EMPLOYEE RETENTION WITH REGARD TO PSYCHOLOGICAL BONDING

Abstract

A key component of human resource management is employee retention, which refers to a company's capacity to keep its staff for a given amount of time. Retaining employees is now a primary issue for companies looking to keep a competitive edge in a labor market that is changing quickly and where talent is in high demand. With a focus on its significance, approaches, difficulties, and effects on businesses, this article tries to provide a thorough examination of the idea of employee retention. We will examine several definitions, backed by pertinent references, to give a thorough comprehension.

Employee retention is the process of keeping employees in a company for a long time in order to reduce staff turnover. It entails putting into action policies and procedures that foster an atmosphere at work where workers are inspired, engaged, and fulfilled, which encourages them to remain on board voluntarily.