Incentive Program for Retention of Employees Research Proposal

Incentive Program for Retention of Employees - Research Proposal Example substitute a staff worker is app bently costly on top of that, a companys reputation is also threatened. As it is, nobody feels confident when dealing with a business firm that is incapable of keeping their employees intact. It implies volatility, mediocre management and lack of effectual planning. Notwithstanding the reasons why a worker leaves his/her job, more(prenominal) often than not the employee departs with a sour taste in their mouth. Such reaction and sensitivity atomic number 18 taken with them together with the skills they learned and accumulated and these sentiments are frequently repeated to future employers and within their personal network. Evidently, losing friendshipable and competent individuals can smash up a companys reputation for eld to come. Finally, continuous high turnover generates strife and psychological instability within a workforce, for one, positions made vacant create bigg er workloads for other staff workers, workloads which are usually outside of their position profiles or job descriptions. This sense of shakiness and aggravation can trigger work log jams which correspondingly slow bug out productivity. More importantly, workers lack of faith in an organization increases when they see their co-workers depart and such pass on definitely influence productivity work levels in implausibly depressing ways (Lake, 2000, pp. 65-72 Smith, 2000, p. 22). There is a considerable economic effect when an organization loses any of its vital workers, especially with the knowledge that is lost with the employees departure. It will become notably more important in the years ahead to be aware of the commitment of individuals to an organization, as well as the organizations need to produce an environment where one would be willing to stay. In essence, it is imperative for organizations to either create an intellectual capital environment where the diffusion of knowl edge come about right through the system or keep on losing significant individual knowledge that has been built up during the length of service.