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The article “Managing Employee Retention as a Strategy for Increasing Organizational Competitiveness” by Sunil Ramlall focuses on employee turnover understanding based on surveys, interviews, and observations. The first issue I have learned from this article is that several potential factors may force an employee to leave their work. Among the key reasons, it is possible to note low salary, a lack of promotion opportunities, and the inability to develop one’s career. The interviewed employees also noted the location of a company or an organization as a significant factor affecting their decision to change their job. Most importantly, I have discovered that a lack of job security and organizational culture were marked as the options making people leave their workplace. Ineffective management and failure to establish teamwork decrease employees’ job satisfaction. These factors make employees look for other positions in the labor market.
Another issue I have learned from the given article is associated with employee retention strategies. First, the article makes it apparent that employee turnover reduction requires essential investment. Second, since the respondents selected a company location more frequently than other factors, it becomes evident that organizations should give preference to those people who live nearby to ensure their workplace satisfaction and build long-term relationships. I have also learned that employees value the opportunity to grow both personally and professionally. To promote this growth, organizations should offer relevant training, courses, and any other tools to help employees to accomplish their career goals. At this point, it is also critical to ensure that employees comprehend their duties and responsibilities. Taken together, the mentioned strategies are likely to significantly decrease employee turnover rates.
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