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ISSN 2063-5346
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EXPLORING THE IMPACT OF HRM PRACTICES ON EMPLOYEE RETENTION

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Dr. Jyotsna Eveline Reuben1, Gerald Vijay Reuben2, Janet Mahima Cocker 3
» doi: 10.48047/ecb/2023.12.si12.098

Abstract

This review research paper aims to examine the impact of human resource management (HRM) practices on employee retention. The purpose is to understand how various HRM practices influence the likelihood of employees staying with an organization for an extended period. The study is grounded in the theoretical frameworks of HRM and employee retention. It explores the relationship between HRM practices, such as recruitment and selection, training and development, performance management, compensation and benefits, work-life balance, and employee retention. A comprehensive review of existing literature and research studies is conducted to gather insights into the relationship between HRM practices and employee retention. Various scholarly articles, journals, books, and relevant publications are analyzed to present a comprehensive overview of the topic. The findings of this review research paper indicate that effective implementation of HRM practices positively influences employee retention. HRM practices such as providing opportunities for career development, recognizing employee contributions, offering competitive compensation packages, and promoting a positive work-life balance play a significant role in enhancing employee retention rates. The research implications highlight the importance of aligning HRM practices with employee retention strategies for organizations to foster a loyal and committed workforce. The practical implications emphasize the need for organizations to invest in comprehensive HRM practices to increase employee retention, leading to reduced turnover costs and improved organizational performance. Socially, the study underscores the significance of creating supportive work environments that value and nurture employees, promoting overall well-being and job satisfaction. This review research paper provides a comprehensive synthesis of existing literature and research, consolidating knowledge on the impact of HRM practices on employee retention. It contributes to the understanding of the relationship between HRM practices and employee retention and provides valuable insights for both researchers and practitioners in the field of HRM.

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