UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 10 Issue 10
October-2023
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2310670


Registration ID:
527191

Page Number

h561-h569

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Title

Employee Retention Issues in Retail Industry: A Review of Literature

Abstract

Abstract: Retention comprises taking measures to encourage employees to stay in the organization for the utmost period of time. There are enormous opportunities for a talented person in the global competitive environment and the retail sector is in its growth phase so opportunities for retail employees are even more. Retailers are facing a lot of problems in retaining talented employees these days. Recruiting knowledgeable people for the job is essential for retailers. There are various competitors that are looking for such a workforce. Hiring and keeping good employees significantly reduces costs for retailers, which in turn affects their competitiveness and profitability. In today’s environment, it has become very imperative for organizations to retain their employees. In an organizational setting, the goal of employers is to cut employee turnover, training costs, and loss of talent. Recruiting the right contender is a time-consuming process. An organization spends a lot of time and money in grooming an individual and makes him all set to work and understand the corporate culture. It is essential for the organization to retain those employees who really work hard and are crucial to the system. The biggest challenge that organizations are facing today is not only controlling these resources but also retaining them. According to Kathy Mance (Mance K. (2011)), Executive Director of NRF, the National Retail Federation institution develops programs and encourages retailers to make young people more aware of the less observable career paths in a retail environment. This study reviews the different available literature and analyzes to study on a variety of researchers' contributions on employee retention. Over the past decade, the approach in which people are managed and developed at work has come to be acknowledged as one of the crucial factors in retaining talent in an organization.

Key Words

Employee Retention, HRM, Retail Organization, attrition, Turnover

Cite This Article

"Employee Retention Issues in Retail Industry: A Review of Literature", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 10, page no.h561-h569, October-2023, Available :http://www.jetir.org/papers/JETIR2310670.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Employee Retention Issues in Retail Industry: A Review of Literature", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 10, page no. pph561-h569, October-2023, Available at : http://www.jetir.org/papers/JETIR2310670.pdf

Publication Details

Published Paper ID: JETIR2310670
Registration ID: 527191
Published In: Volume 10 | Issue 10 | Year October-2023
DOI (Digital Object Identifier):
Page No: h561-h569
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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