How Important is employee retention, can employee happiness be a reason to retain good employees?

Retaining a positive and motivated staff is vital to an organization's success.  Employees are what’s known as an “appreciating asset”, meaning that they appreciate in value over time. The longer someone stays at a company, the more productive and valuable they are.

If  employees are not retain the  consider the costs of losing an employee:

·         Costs of hiring (posting a job and conducting interviews)

·         Costs of onboarding (time spent by manager training)

·         Learning curve (a new employee will take months before they’re as good as the old employee)

·         Emotional costs (lower productivity from the rest of the team)

Employee retention is extremely important for the company to keep its talent. And yes, employee happiness on the job is a key element to motivate and retain employees. 

Yes! Employee happiness is one of the primary reasons why he stays in the company.

Company should focus to decrease the turnover rate and retain its talents equipped with the proper knowledge how to do the work excellently, compared to new employees who shall need support from his workplace to be knowledgeable.  

Of course when an employee satisfied with working conditions and rewards will be happy. An employer has to make his employees happy to retain them

I think employer working on customer retention but they are not giving that much importance to employee retention. What i think is that customer retention has direct relation with employee happiness, the more the employee is happy the more the customer will be retain cuz he love to do work he love to be sincere.So companies should make their employees happy by extrinsic and intrinsic awards.

But If you are retaining employees and not training the new ones wont it become a bottleneck for future development of the organization as human capital is the most crucial resource, as much as retention is required new entrants too are the lifeblood.

Whats the favorable HR Strategy that can achieve both at the same time? How do you see employing new entrants for the reason that it would be cheaper than to pay an experienced existing personnel? Shahul Hameed Mohammad ,Nuridin Islam Diab , Randy Jumaquio 

 Employees that enjoy what they do and the atmosphere in which they work are more likely to remain employed with their company. Retention strategies are important because they help create a positive work environment and strengthen an employee's commitment to the organization.

 i do believe  Employee happiness is one of the primary reasons why he stays in the company.

sure as the important ant employees or as they call the knowledge employee considered as valued asset , so retain them kep this value to u

Talented Employee is an asset to the company, gaining the experience and knowledge of the company working rules, procedures and regulations is time consuming in addition to the company memory of tasks and jobs have been conducted and results, employee happiness is one of the primary factors to retain such type of employees and very positive motivation for innovation and loialty to the orgnization