Overcoming Employee Turnover: Championing Employee Retention Programs

Abstract

Employee turnover, as part of human resources’ vocabulary is considered a taboo. If an HR practitioner will be asked regarding this phenomenon, he/she somehow considers this as a horror story, a bad dream,or a curse. But it’s the reality of the business. It is where the uncontrollable and unpredictable but normal reduction of work force due to voluntary or involuntary resignations, discharge, termination,or abandonment of any member of the organization within specified period of time (McQuerrey, n.a.). Employee turnover is one of the key issues in Human Resources and the Management alike towards the achievement of their long-term business objectives. That is why employers must ensure that through their Employee Retention Programs, they are able to take into account every aspect that truly matters to their current and future employees. This study aimed to identify employee turnover trends and profiles of employees who leave a certain organization; identify different frameworks being followed by companies on turnover; and enumerate different companies that championed employee retention programs on their respective industries.