Many organizations are faced with the problem of retaining employees and according to.docx - Many organizations are faced with the problem of retaining

Many organizations are faced with the problem of retaining employees and according to.docx

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Many organizations are faced with the problem of retaining employees and according to Amstrong (2001), it is expensive to replace employees who leave for greener pastures or are lured away by other organizations. With the exit of an employee, new employees have to be recruited, selected, oriented and trained. In fact, it is estimated that it costs an organization approximately 1½ times the salary of the vacated position to replace an employee (Lips-Wiersma & Hall 2007). Employee turnover can have a demoralizing effect on an organization, and it may also severely impact the overall efficiency of the organization. This becomes even more critical in organizations which are service-oriented, for example law enforcement and firefighters, and require highly developed skills and competencies. Traditionally, it has been assumed that every employee wants, or should want, the same thing in a career, usually a direct path up the organizational ladder (Fink, 2012). Lack of retention has contributed to direct costs such as recruitment and training of new employees and indirect costs such as poor
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  • Spring '17
  • Kitakuyi Fred

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