The Impact of Employee Retention on Corporate Productivity and Success: A Comprehensive Critical Review

Dr. K. Aswathappa

Dr. K. Aswathappa Research Guide & Retired Professor, Bangalore University, Karnataka, India

Keywords: employee retention, corporate productivity, organizational success, workforce stability, turnover, talent management, generational workforce dynamics, HR strategies

Abstract

Employee retention is a strategic asset in modern organizations, directly impacting productivity, employee morale, and long-term corporate success. This critical review synthesizes insights from a broad selection of studies examining how retention practices shape productivity outcomes, cost efficiencies, and organizational resilience across diverse sectors. Findings reveal that retention strategies addressing compensation, career growth, and organizational culture yield higher productivity levels and reduce costs related to turnover. However, challenges persist, such as adapting strategies for a multi-generational workforce and limited resources in small organizations. By examining these dynamics, this paper highlights the need for flexible, context-sensitive retention approaches that align with evolving workforce expectations and business environments.

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