Business operations can be successfuly run when sufficient numbers and best workforce will be retained by the organizations . In the race of competitive advantage, organizational generally fail to retain and motivate its workforce. As a result, they loose success in the marketplace.
Any HRD interventions like training, motivational programs, career progression policies, programs and employees welfare initiatives offer a number of benefits to the organization.
Retention strategies should be incorporated as per business goals and policies of founders of the organization . It is most important challenge throughout the corporate world organizations that to retain people across the disciplines of marketing, board level positions, other departments and at the services desks.
Ultimately, HRD interventions help in reducing differences and difficulties of people working for the organizations and it will lead to a stronger retention management system in place.