Introduction and Overview
Employee attrition and workforce turnover are major challenges that companies are facing in contemporary business environment. A large percentage of qualified, skilled and experienced workforce switch their jobs frequently, which resulted in financial and skills loss for the companies. Employee turnover is associated with the recruitment cost that involved in hiring replacement, training & development of new recruits, and productivity loss till new replacement becomes as productive as old worker. High employee turnover rate not only demotivate other employees but also adversely impacts the image of the company (Yucel, 2012). In competitive business environment, it is important for the companies Continue reading...