MBA HR Presentation

  Importance of Employee Retention Any organization needs to focus on employee retention. It speaks to an organization's capacity for long-term staff retention. In other terms, it refers to an organization's capacity to maintain employee satisfaction and engagement to prevent turnover. Retaining employees is essential for an organization's expansion and success. The significance of employee retention and the factors that affect it will be covered in this article. (Lin, 2012) Cost-effectiveness is among the most important advantages of staff retention. Retaining current personnel is more cost-effective for a company than recruiting and onboarding new ones. It might take a long time and be expensive to hire and train new personnel. Additionally, it may take some time for new workers to get accustomed to their workplace, comprehend the company's culture and policies, and acquire the necessary skills. An organization can cut money on hiring, onboarding, and training by keep...

Importance of Psychological Contract The psychological contract is a term used to describe the unspoken promises and commitments made by an employer to an employee. The two parties shared knowledge of what they will each bring to the relationship and what they can anticipate in return. The psychological contract is crucial in determining how both the employer and the employee behave, and it has a big impact on how well the working relationship goes. (Akbarabadi, 2018) One of the psychological contract's most important advantages is that it can support the development of a supportive and effective workplace. Understanding one another's obligations and expectations will increase the likelihood that the employer and employee will collaborate to achieve their shared objectives. The two parties may begin to appreciate and trust one another as a result of their shared knowledge, creating a more favourable work atmosphere. Increased job satisfaction can result from this supporti...

  Effects of Employee Relationships The achievement of goals and objectives is the ultimate goal of every organization. Every business has unique aims and objectives, which can be summed up as the following. *          Improved employee training; *          Higher profit margins; *          Greater efficiency; *          Greater market share; *          Better customer service; etc. Without having a good and strong employee relationship, achieving the aforementioned goals and objectives is not that simple. It implies that strong and positive employee relationships are absolutely necessary for an organization to succeed. The most crucial element for an organization's performance and employee pleasure is human relations. Employee relations typically concentrate o...

  Advantages of Employee Engagement of an Organization Today, employee engagement is crucial to the success of the company. The organization cannot accomplish its goals and objectives without strong employee involvement.Employees can provide an excellent result if they become more invested in the company. In other words, employees with high levels of employee engagement are more productive and capable of producing exceptional results than those with low levels of engagement. Employee engagement is a gauge of how well-adjusted workers are to their positions and work environments. Achieving organizational goals and objectives requires raising staff morale more than anything else. staff engagement helps to improve staff morale. Different authors have defined employee engagement differently and have also emphasized key elements of employee engagement. Kular et al (2008) explored five key areas; what does employee engagement mean? How can engagement be managed? What are the conseq...

Training and Development We are aware of the worth and significance of human resources to the company. It is entirely dependent on the skills and expertise of the organization's current staff. Training and development can help keep a skilled and competent personnel within the firm, which is not a simple undertaking because it is a continual process. Different authors have different definitions of training. Training is delivered by the organization or an external service. According to Henderson (2017) A set of planned activities on the part of an organization to increase job knowledge and skills, or to modify attitude and social behavior to achieve specific ends which are related to a particular job or role. According to (Ibid) development has been defined as "the continuous improvement of an individuals effectiveness  in term of their role or profession beyond the immediate task or job" According to the Armstrong (2001), training is systematic dev...