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Retaining and Rewarding the Key Employees Analyzing and Managing Employees

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Author(s): Ratnadeep Kar

Journal: International Journal on Research and Development : A Management Review
ISSN 2319-5479

Volume: 2;
Issue: 1;
Start page: 103;
Date: 2013;
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Keywords: Key and talented Employee | turnover | separation | retention | rewarding | Human resource | Absenteeism | Salary | Bonus | Liberal | Appraisal | Motivation

ABSTRACT
The purpose of this paper is to present an overview of the Indian experience with the turnover and absenteeism of the key and talented employees who have the potential to grow up in the competitive market. It focuses the policies and schemes which the employees get from their respective HR Dept for the motivation and the appraisals. Employee turnover is giving sleepless nights to human resource managers in many countries in Asia. To stop this each and every employer must provide the exact salary, bonus, and must be liberal with the employees so that they get the exact space in the organization to work. This article will help you out how the employee’s turnover, separation and high absenteeism can be minimized by retaining them and providing the exact rewards so that they get the motivation. This article will also include the reason why the employees leave and why they stay and what the organization will do to retain the key employees. This article will be having three major objectives. First why turnover exist in organizations. Second, who are the key employee of the organization and third how to retain them. At the end of this article you will come to a conclusion that the employees are not satisfied who work with a high potential and this is the reason where there will be high rate of employee turnover and separation.
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