A Study of Employee Retention Techniques at Care Hospital

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Synopsis

“A Study Of Employee Retention Techniques At Care Hospital”

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TITLE OF THE PROJECT
“A Study Of Employee Retention Techniques At Care Hospital”

INTRODUCTION

EMPLOYEE RETENTION:

Definition: “Employee retention is a process in which the employees are encouraged to remain in the organization for the maximum period of time.” Employee Retention involves taking measures to encourage competent employee to remain in the organization for the maximum period of time. Corporate are facing a lot problem in employee retention these days. Hiring knowledgeable people for the job is essential for an employer. But retention is even more important than hiring. There is no dearth of opportunities for a talented person. There are many organizations which are looking for such employees. If a person is not satisfied by the job he is doing, he may switch over to some other more suitable job. In today’s environment it becomes very important for organizations to retain their employees. The reason may be personal or professional. These reasons should be understood by the employer and should be taken care of. The organizations are becoming aware of these reasons and adopting many strategies for employee retention. There are various HR issues the a corporate deals

1. EMPLOYEE TURNOVER
2. ATTRITION
These basic needs other than routine and future HR tasks are to be taken care of on Priority before it becomes late.

CARE HOSPITAL:

CARE Hospitals is one of the fastest growing chains of corporate hospitals in India, engaged in providing primary as well as tertiary healthcare services, with a difference. It is a hospital chain that is founded and managed by Medical professionals with a mission and a passion for providing healthcare for the needy. CARE Nagpur has been acclaimed as a hospital par-excellence for its contribution to removing disease in the neighborhoods of Nagpur and Central India. The hospital is an ISO 9001:2000 certified Heart and Multi-Specialty Hospital with 105 beds. It was commissioned on the 19th of November 2006, has clinched the honor of being the best provider of quality healthcare of international standards at less than competitive prices. It serves better through cashless facility, they have joined hands with various TPAs, Corporate and insurance companies.

Research Methodology

AIM OF STUDY:

To carry out the study of the employee retention techniques adopted at CARE HOSPITAL in present competitive environment of Healthcare Industry to help knowing and reading of the minds of the current generation professionals regarding their compensation, Organizational Climate, Culture, Work atmosphere, management support and Career growth opportunities.

OBJECTIVES OF STUDY:

i. To understand the Human Resource Policy
ii. To study the causes of attrition, turnover and other related issues. iii. Hospitals are specialized sector, where demand of employees is high and supply is low, as expectations are very high because it’s a service sector. So it become challenging to retain old and experienced staff.

SCOPE OF STUDY:

• The Management will be in a position to work out the strategies in relation to the Human Resource Management. • It will help management use other available HR tools effectively.

HYPOTHESIS:

Null Hypothesis:
“A Retention technique is not effective”.

Alternate Hypothesis:
“Retention technique is effective.”

RATIONALE BEHIND THE STUDY:
Employees are the basis of every organization. Hiring knowledgeable people for the job is essential for an employer. But retention is even more important than hiring. To study various techniques of employee retention will be studied here.

RESEARCH DESIGN:

The project titled “A Study of Employee Retention Technique At Care Hospital, Nagpur” shall be the result of Exploratory research.

DATA COLLECTION:

The data used for the project is primary as well as secondary data, as follows:...
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