Critical HR Retention Strategies: A Proposed Model

Long, Choi Sang and Ajagbe, Akintunde M. and Perumal, Panniruky (2013) Critical HR Retention Strategies: A Proposed Model. International Accounting Business Conference (IABC). pp. 1-10.

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Abstract

Purpose – The purpose of this paper is to develop a conceptual framework on strategies in retaining employees in an organization. Design / Methodology /Approach – This paper discusses extensively on the Human Resources management (HRM) practices that have possible impact on employees turnover intention by citing several previous studies from Asian and western countries. Findings – Based on the review, it is found that all HRM practices such as compensation management, training, career development and performance management are related to employee turnover intention. These practices will enable organizations to improve job commitment and reduce tendency of employees leaving the organization. The research findings are very similar in Asian and western countries. Research Limitation – The paper is limited to review of literature and proposed model should be empirically tested comparatively in various industries / sectors. Practical Implication – All four HRM practices that have been reviewed in this paper should be implemented in workplace. Originality / Value – The paper looks at the importance of HRM practices as a strategy which is often neglected for reducing turnover rate of employees.

Item Type:	Article
Uncontrolled Keywords:	Turnover intention, career development, performance management, compensation, human resource management, organization
Subjects:	H Social Sciences > H Social Sciences (General)
Divisions:	Faculty of Law, Arts and Social Sciences > School of Humanities
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	14 Apr 2015 10:58
Last Modified:	14 Apr 2015 10:58
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/4963

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