Home⇛Psychology and Education: A Multidisciplinary Journal⇛vol. 9 no. 5 (2023)

Building Bridges to Commitment: Investigating Employee Retention Practices and Its Influence on Employees’ Retention Intention

Janine Pinca

Discipline: Education

 

Abstract:

This study aims to explore various personnel retention practices and its influence on employees’ retention intention. This mainly focuses on identifying the effective employee retention practices that managers utilize in retaining key people in the organization. This study employed the usage of correlation-quantitative descriptive research method with convenient selection of participants. The primary gathering tool was a modified survey questionnaire. The data obtained from the survey questionnaire were analyzed and interpreted using an interval data measurement scale, specifically a Likert scale ranging from 1 to 5. The study discovered that employee retention practices such as giving financial rewards, coaching and mentoring programs, telling clearly what is expected of employees, personalized voice mails/ messages from management team, fair overtime practices, employee empowerment and engagement, listening well and showing interest to employee’s ideas, and fair employee treatment were noted to have a significant influence on the retention intentions of employees. It was highlighted that the influence of personnel retention strategies to employees’ retention intention was in great extent. The result of Pearson r correlation coefficient shows that there is a statistically significant relationship between these two variables. Consequently, implementing these retention strategies may lead to attaining productivity benchmarks, retaining skilled and productive employees, and fostering the desired behaviors.These strategies should be applied consistently across all employees, regardless of their position, to ensure fair and impartial management practices. It is expected that the results of this study may help managers in taking proactive measures encouraging employee retention.



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