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Employee retention refers to policies and practices companies use to prevent valuable employees from leaving their job. It involves taking measures to encourage employees to remain in the organization for the maximum period of time. Hiring knowledgeable people for the job is essential for an employer. But retention is even more important than hiring. This is true as many employers have underestimated costs associated with the turnover of key staff. Turnover costs can incur with issues such as reference checks, security clearance, temporary worker costs, relocation costs, formal training costs and induction expenses. Other invisible costs and hidden costs such as missed deadlines, loss of organizational knowledge, lower morale, and client’s negative perception of company image may also take place.
Keywords:
Employee, Retention.
Cite Article:
"“A STUDY ON EMPLOYEE RETENTION STRATERGY - WITH REFRENCE TO M.D.C.C BANK LTD MANDYA”", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 9, page no.b183-b191, September-2025, Available :http://www.ijrti.org/papers/IJRTI2509125.pdf
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000350
ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator