Abstract:
This research aims to understand the causes of employee turnover and
retention strategies in an organization. Key research findings indicate that
employees have several reasons to leave their workplaces, such as job stress,
job satisfaction, job security, work environment, motivation, wages, and
rewards. Furthermore, employee turnover has a huge impact on an
organization due to the costs associated with employee turnover and can
negatively impact the productivity, sustainability, competitiveness, and
profitability of an organization. However, the organization must understand
the needs of its employees, which will help organizations, adopt certain
strategies to improve employee performance and reduce turnover. Thus,
implementing strategies will increase job satisfaction, motivation and the
productivity of individuals and organizations, which can reduce employment
problems, absenteeism, and employee turnover.