Effect of organizational employee retention strategies on project completion the case of civicon limited –Mombasa County, Kenya

Abstract

Retention of employees is an important function of the Human Resource Department. Employee retention is the foremost problem which all organizations are now facing in the global competitive environment as employee retention is a major challenge faced by the companies globally. Unless there is a deliberate and serious effort from the management towards this direction, the competitors in the industry are likely to attract and snatch the talent already nurtured in the company over a period of time. Careful strategies for crafting and implementing employee retention strategies are a skill and should be given top priority by the management. The purpose of this study was to empirically examine employee retention strategies and their effect on project completion at Civicon Limited. The study would benefit other companies which may wish to retain their talented employees. From the analysis of past studies, it was clear that retention of employees is very important and more so retention of key staff. Concerted action is thus required to retain talented people. The study adopted descriptive survey research design with questionnaires being the data collection procedure. This study involved a target population of 120 employed staff working in this organisation and a sample size of 90 employees representing 75% of the target population. The study revealed that it is more profitable for organizations to put in place appropriate employee retention strategies such as organisational commitment, financial rewards inform of wages, promoting training and career development on employees and improving the working environment. The researcher recommended that the reward package should be restructured to motivate the employees more. This could be done by comparing and implementing using those of best practices in the industries. Also the management of the organisation should address employees concerns on time and improve the working conditions. This can be done by putting the employee’s suggestions in action and act on them immediately they are expressed