HOW THE COMPANIES KEEP THEIR VALUABLE EMPLOYEES. AN EMPIRICAL STUDY
Autor (i): Abrudan, Denisa Bogdana
JEL: M12, M50, M52
Cuvinte cheie: compensation, motivation, satisfaction, performance
Abstract:
Employees will leave organizations if they are not happy with various factors related to the company. Regarding the main reasons why employees leave, we can mentioned : lack of recognition, low pay, unfulfilling jobs, limited career advancement, poor management practices, untrustworthy leadership and dysfunctional work cultures. In this context, a coherent compensation and benefits system is considered one of the main advantages of an interesting job offer and has the purpose not only of bringing talented employees to the company but also of keeping them as long as possible. However, as long as a system, as good as it looks from the outside, is not adapted to the needs and specific nature of each business, it can be a simple waste of resources. The present paper work aim is to identify and analyze the compensation and benefits system implemented within one of the largest retail networks in Romania and prove that a possible solution for keeping the valuable employees is to have an adapted C&B system to the needs and specific nature of this business.
Employees will leave organizations if they are not happy with various factors related to the company. Regarding the main reasons why employees leave, we can mentioned : lack of recognition, low pay, unfulfilling jobs, limited career advancement, poor management practices, untrustworthy leadership and dysfunctional work cultures. In this context, a coherent compensation and benefits system is considered one of the main advantages of an interesting job offer and has the purpose not only of bringing talented employees to the company but also of keeping them as long as possible. However, as long as a system, as good as it looks from the outside, is not adapted to the needs and specific nature of each business, it can be a simple waste of resources. The present paper work aim is to identify and analyze the compensation and benefits system implemented within one of the largest retail networks in Romania and prove that a possible solution for keeping the valuable employees is to have an adapted C&B system to the needs and specific nature of this business.
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