Influence of Retention Policies on Employee Efficiency and Organization Productivity

2016 ◽  
pp. 124-149 ◽  
Author(s):  
Chandra Sekhar Patro
Keyword(s):  
Economic Growth ◽  
Employee Retention ◽  
Critical Issue ◽  
Technological Innovations ◽  
Developing Economy ◽  
Continuous Development ◽  
Public And Private ◽  
Labor Economic ◽  
Retention Policies ◽  
Real Assets

In the continuously developing economy, organizations should be able to anticipate the technological innovations and compete with other organizations worldwide. This need makes an organization's ability to evolve through its employees' learning and continuous development. In this context employee retention has become a most critical issue for all the organizations as a result of the shortage of skilled labor, economic growth and employee turnover. Employee retention refers to the various policies and practices which let the employees stick to an organization for a longer period of time. The employees are the real assets of any organization, so the management should exert some effort to determine the non-monetary interests and preferences of its key employees, and then attempt to meet these preferences in action. This study is an attempt to identify the various retention policies practiced in different public and private organisations, and evaluate the effectiveness of these policies on employees' efficiency and its influence on the overall productivity of an organisation.

A Study on the Impact of Employee Retention Policies on Organisation Productivity in Private Sector

2014 ◽  
Vol 5 (3) ◽  
pp. 48-63 ◽  
Author(s):  
Chandra Sekhar Patro
Keyword(s):  
Private Sector ◽  
Employee Turnover ◽  
Employee Retention ◽  
Descriptive Study ◽  
Critical Issue ◽  
Retention Strategies ◽  
Labor Economic ◽  
Research Findings ◽  
The Impact ◽  
Retention Policies

During the last decade, employee retention has become a most critical issue for all private sector organisations as a result of the shortage of skilled labor, economic growth and employee turnover. Retention of employees is an important function of the Human Resource Management. Employees are the assets of any organization. The organizations have to strive to retain the talents of the employees by implementing effective retention strategies. These strategies would subsequently have an impact on productivity and sustainability of the organization. Employee retention refers to the various policies and practices which let the employees stick to an organization for a longer period of time. Organisations use different HR techniques for retention. In this paper a brief overview of literature from various research findings are employed using a descriptive study technique. The present study is an attempt to identify the various retention policies practiced in different private sector organisations and evaluate the effectiveness of these policies on productivity and sustainability of the organisation.

scholarly journals Multi-faceted insights of entrepreneurship facing a fast-growing economy: A literature review

2020 ◽  
Vol 3 (1) ◽  
pp. 25-41 ◽  
Author(s):  
Quan Hoang Vuong ◽  
Viet Phuong La ◽  
Thu Trang Vuong ◽  
Phuong Hanh Hoang ◽  
Manh Toan Ho ◽  
...  
Keyword(s):  
Economic Growth ◽  
Literature Review ◽  
Emerging Economies ◽  
Research Output ◽  
Middle Income Country ◽  
Developing Economy ◽  
Middle Income ◽  
Entrepreneurship Research ◽  
Rapid Economic Growth ◽  
Growing Economy

AbstractThis study explores entrepreneurship research in Vietnam, a lower-middle-income country in Southeast Asia that has witnessed rapid economic growth since the 1990s but has nonetheless been absent in the relevant Western-centric literature. Using an exclusively developed software, the study presents a structured dataset on entrepreneurship research in Vietnam from 2008 to 2018, highlighting: low research output, low creativity level, inattention to entrepreneurship theories, and instead, a focus on practical business matters. The scholarship remains limited due to the detachment between the academic and entrepreneur communities. More important are the findings that Vietnamese research on entrepreneurship, still in its infancy, diverges significantly from those in developed and emerging economies in terms of their content and methods. These studies are contextualized to a large extent to reflect the concerns of a developing economy still burdened by the high financial and nonfinancial costs.

scholarly journals Economic Growth, Public and Private Consumption in Cameroon: A Multivariate Analysis

2018 ◽  
Vol 11 (1) ◽  
pp. 26
Author(s):  
Honoré Samuel NTAVOUA
Keyword(s):  
Economic Growth ◽  
Multivariate Analysis ◽  
Empirical Research ◽  
Private Consumption ◽  
Causal Link ◽  
Vector Model ◽  
Public And Private ◽  
Public Consumption ◽  
The Relationship

<p>The nature of the link between economic growth, public and private consumption in theoretical and empirical research is not well known in Cameroon. The objective of this study is to examine the nature of the relationship between economic growth, public and private consumption in Cameroon from 1980 to 2015. In order to achieve our goal, the data from the CENUCED were collected and tested in the autoregressive vector model (VAR). The delay selection statistic for VAR allowed us to have the following causality results: in Cameroon, there is a unidirectional relationship between economic growth towards public consumption and economic growth towards private consumption. Meanwhile, there is no causal link between public and private consumption, from public and private consumption to economic growth. Thus, the recommendation is that the Cameroonian government should create an incentive framework conducive to the improvement of public and private consumption to stimulate investment and economic growth.</p>

scholarly journals Higher Education and Economic Growth in Africa

2014 ◽  
Vol 1 (1) ◽  
Author(s):  
David E. Bloom ◽  
David Canning ◽  
Kevin Chan ◽  
Dara Lee Luca
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
International Development ◽  
Poverty Reduction ◽  
Tertiary Education ◽  
Sub Saharan Africa ◽  
Public And Private ◽  
Sub Saharan ◽  
Développement Économique ◽  
Education And Economic Growth

Enrollment rates for higher education in Sub-Saharan Africa are by far the lowest in the world at 6%. Yet because of conventional beliefs that tertiary education is less important for poverty reduction, the international development community has encouraged African governments’ relative neglect of higher education. This article challenges beliefs that tertiary education has little role in promoting economic growth and alleviating poverty. First, we review recent evidence that higher education can produce significant public and private benefits. Next, we analyze the relationship between tertiary education and economic growth. We find evidence that tertiary education improves technological catch-up and, in doing so, may help to maximize Africa’s potential to achieve more rapid economic growth given current constraints. Investing in tertiary education in Africa may accelerate technological diffusion, which would in turn decrease knowledge gaps and help reduce poverty in the region. We also review new developments and trends in the higher education scene in Africa. Le taux d’inscription dans l’enseignement supérieur en Afrique sub-saharienne est de loin le plus faible du monde, atteignant seulement 6%. Pourtant, parce que l’enseignement supérieur est perçu comme moins important que les enseignements primaire et secondaire pour lutter contre la pauvreté, la communauté internationale a encouragé les gouvernements africains à moins y prêter attention. Cet article conteste l’idée que l’enseignement supérieur joue un rôle peu important dans le développement économique et la lutte contre la pauvreté. Tout d’abord, nous nous intéressons à de récents résultats qui montrent que l’enseignement supérieur crée des bénéfices publics et privés. Ensuite, nous analysons la relation entre l’enseignement supérieur et la croissance économique. Nous montrons que l’enseignement supérieur permet de rattraper le retard technologique et, ce faisant, pourrait aider l’Afrique à maximiser sa capacité à accélérer sa croissance économique dans les conditions actuelles. Investir dans l’enseignement supérieur en Afrique pourrait permettre une diffusion plus rapide des avancées technologiques, qui pourrait à son tour réduire la disparité de savoir et participer à la réduction de la pauvreté dans la région. Nous passons aussi en revue les nouveautés et tendances dans l’enseignement supérieur africain.

Public and Private Investment and Economic Growth: An Empirical Investigation

2018 ◽  
Vol 63 (2) ◽  
pp. 87-106 ◽  
Author(s):  
Garikai Makuyana ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Public Investment ◽  
Private Investment ◽  
Current Debate ◽  
Annual Data ◽  
Public And Private ◽  
Long Run ◽  
Short Run ◽  
Crowd Out

Abstract This paper provides new evidence to contribute to the current debate on the relative impact of public and private investment on economic growth and the crowding effect between the two components of investment in South Africa. Using annual data from 1970 to 2017, the study applies the recently developed Autoregressive Distributed Lag (ARDL)-bounds testing approach to cointegration. The study finds that private investment has a positive impact on economic growth both in the long run and short run, while public investment has a negative effect on economic growth in the long run. Further, in the long run, gross public investment is found to crowd out private investment, while its infrastructural component is found to crowd in private investment. The results of the study also reveal that both gross public investment and non-infrastructural public investment crowd out private investment in the short run. Overall, the study finds private investment to be more important than public investment in the South African economic growth process and that the importance of infrastructural public investment in stimulating private investment in the long run cannot be over-emphasized.

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