Strategies to Retain Good Employees Essay by JPWrite

Strategies to Retain Good Employees
An essay discussing what employees can do to minimize employee turnover rates.
# 65389 | 1,223 words | 9 sources | MLA | 2006 | US
Published on May 08, 2006 in Business (Management) , Business (Human Resources)

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This paper examines and discusses several articles on strategies for retaining good employees. The paper concludes, after review the articles, that motivation more than money is the best strategy for retaining employees. The paper lists what factors in a job employees find most motivating and then suggests specific strategies for managers to implement that can help them hold on to their good employees.

From the Paper:

"In the movie "Jerry Maguire" the line everybody soon yelled was "Show me the money!" But, the fact of the matter is that many employees, even those working at minimum wage, don't consider money the first and only means to be motivated. In a recent article dealing with problems of employee retention it was argued that merely paying them more may not be a solution. "By employing a full range of the following management levers, companies can solve their retention problems in a cost-effective way. 1. Opportunity for advancement. 2. Empowerment. 3. Challenging and interesting work. 4. Job security. 5. Respectful treatment and 6. Employer recognition." (Weiss, p. 1). Retaining good employees means motivating them."

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