Retention of High Performing Employees

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Retention of High Performing Employees By Prof R.K.Saily, Professor in Bharati Vidyapeeth’s Institute of Management & Information Technology, Navi Mumbai And Research Scholar of JJTU ABSTRACT Keeping high-performing employees has become a top priority for today’s organizations for achieving cutting edge in the globally competitive environment. Managers, supervisors, and team leaders play the greatest role in employee satisfaction or dissatisfaction. Today’s employees want challenging and meaningful work, opportunities to learn and grow, the sense of being part of a group, and a good boss. This article describes the things that managers and supervisors can do to create these conditions and be “good bosses”. It is often said that employees do not leave the organizations, they leave the managers. Managers play a significant role in retention of high performing employees. Organizations therefore need to make retention of employees the key responsibility of managers besides making other strategies for minimizing the attrition of talented employees. INTRODUCTION Corporate world is facing a lot of problems in employee retention these days. Though hiring competent people for the job is essential but retention is still more important than hiring. There is no dearth of opportunities for talented and high performing employees and rather many organizations will be in race with each other looking for and poaching such employees. High rate of employee attrition is a warning signal for the management that something is wrong with the organization. In the present day of fierce global competitive environment it becomes very important for organizations to retain their high performing employees. The management should try to retain such employees because employee turnover involves huge costs. The management spends money on recruitment, selection,
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