Strategies for Employee Retention in Indian Higher Education System

Authors: [1] Sachin Jadhav [2] Swati Jadhav. [3] Lavanya M

Pages: 1-5

Abstract:

Employee retention represents the methods employed by the management to help the employees to work with the organization for a long time. "Great vision without great people is irrelevant." Jim Collins This statement clearly brings out the necessity of good people in the organization and thereby underscores the need for introducing better retention policies. Employee retention is a business management term referring to efforts by employers to retain current employees in their workforce. Effective employee retention is a systematic effort by employers to create and foster an environment that encourages current employees to remain employed by having policies and practices in place that address their diverse needs. In Indian education sector employee retention is a big challenge in front of every promising organization. This study observes that job satisfaction and challenging work proves significant in retaining key employees. Through this study we have attempted to focus on various reasons of faculty turnover and strategies that management can implement to retain good faculty members.