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Introduction:
Change is one of the dominant theme affecting organizations. Effects
of global different information technology, increased industrial
effectiveness, economy and new generation employees will affect
organizations in a significant way1
He also reveals that the managers should be very smart and careful in
handling conflicts regarding the employee because it is very
sensitive. The various elements like recognition, rewards, grievance
mechanism, Progress in carrier and ego troubles, should be taken
care with sensitively,
Rynes and colleagues 2003, suggests that financial incentives can act
as a motivator due to an individual being driven by the aspire to have
a salary which is larger than that of their colleagues. They also
suggests that differentiation of pay is the largest motivator for this
reason. According to them high salary alone is not sufficient but
differentiation according to achievement is crucial for retaining staff.
The high achievers may not wish to work in a organization, where
achievement is not recognized through reward. So any company that
does not engage in pay-for-performance schemes may lose desirable
employees.
After
reviewing few literatures, what found generally are range of factors
like job satisfaction, alternative opportunities, organizational
commitment and intentions to quit.
Tenure, personal characteristics of members appears to have little
relationship to turnover.
References: