Research

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Strategic Planning for Retaining Employees

Background

Among Muslims, Saudi Arabia is a well-known country that is religiously famous, so that various people are preferred to go there and work there. But there are some problems faced by the employees, and they are frequently retaining their jobs. SMEs are facing various problems when the employees are retaining their jobs. On average, 36 percent of employees feel neutral or dissatisfied (Mohammed, 2015). Thus, organizations mainly stand for the traditional investigation style, which primarily focuses on financial value only. The reasons for a job change will vary; more money, a promotion, a new challenge, less stress, a healthier lifestyle, the ability to contribute, or for another day, you cannot face that office or that boss. Some clarify the consequences of losing employees since it is replacing a good employee is costly and time-consuming. More often than not, businesses will offer a generous pay increase, additional perks (such as more holidays), and an abundance of praise in (Mohammad, 2015)desperate attempts to keep people engaged and satisfied at their jobs. But is it enough to inspire your best talent in the long term? Probably not. Both financially and strategically, the costs to firms of losing returning expatriates are high. Employees typically understand the workings of the company and its operations, which is of great importance to managing these operations

Statement of the problem

Retention is one of the major issues which is facing among employees also for the organizations. Because those employees who are retaining their jobs frequently make both employees and organizations lose their times, and both of them suffer a lot.

Literature review

Retaining employees is frequent in Saudi Arabia because they are trying to find out better solutions, so that various studies are discussed about employee retention in Saudi Arabia. Employees are the most critical asset to any company (Achoui & Mansour, 2007). Without the excellent performance of workers in a company, the organization cannot be successful. On this superb performance, the companies need to fulfill the employees' requirements and introduce such strategies that can help them retain the employees in Saudi Arabia employees are working for a long period. Still,(Mohammad, 2015) now some Saudi men and women are planned to work in Saudi Arabia for three years. Recruitment processes are still seeking the applications for those seats which are vacant from the previous employees. Deshpande and Golhar in 1994 were suggested that all the small businesses (O’Byrne & Al Sanousi, 2014)and large businesses need to change their recruitment method.

One of the reasons that the companies cannot retain the employees is that they lack their strategies' practicality (Mohammed, 2015). The implementation of a strategy is very significant. This means that the companies have made strategies regarding employee retention and satisfaction, but there is a huge gap between them. Which causes these strategies? The researcher also added that if the companies succeed in making effective strategies for satisfying their employees, this will help the companies attract talent. Every employee moves towards the companies that have provided them a better environment and facilities (Achoui & Mansour, 2007).

Objectives

This study's major objective is to make some strategies to find out the plan and techniques for the retaining of employees because it is noir feasible for employees and organizations for the retention of employees.

Methodology

Proposed methodology:

According to the proposed methodology, the quantitative data method is used to for find the results from all the analysis. Quantitative method is that type of method which used according to the study and finds the possible results.

Proposed analysis plan:

Quantitative data analysis method is used to find out the results. This data method is proposed for find out the most appropriate results because quantitative analysis is very appropriate technique for the data extraction. The analysis plan will show the appropriate results accordingly.

Proposed data collection technique

The quantitative analysis method is used to find out the data from the employees. All that data collection technique is used based on the primary data. By using that primary data make quantitative data collection is used by using the questioner approach. The data was about 20 to 30 people and used to analyze the employee's retention from their organization. The technique describes the complete data analysis and the methods which are used in the study to explain the survey results.

References

Achoui, M., & Mansour, M. (2007). Employee Turnover and Retention Strategies: Evidence from Saudi Companies. International Review of Business Research Papers, 3(3), 1–16.

Mohammad, A. (2015). Employee Recruitment , Selection and Retention in Saudi Arabian Family Owned Small and Medium Scale Enterprises ( SME’s ). Kuwait Chapter of Arabian Journal of Business and Management Review, 4(6), 30–45. https://doi.org/10.12816/0018967

Mohammed, A. Q. (2015). Talent Attraction and Retention in Saudi Arabian Family Owned Small and Medium Scale Enterprises (SME’s). Journal of Business Management & Social Sciences Research, 4(2), 182–189.

O’Byrne, T., & Al Sanousi, O. (2014). What’s Working for Saudi Nationals and What Employers Need To Know Workforce Engagement in Saudi Arabia. Retrieved from https://www.mercer.com/content/dam/mercer/attachments/global/View/Workforce Engagement in Saudi Arabia_2014.pdf