Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

The Taylor theory on retention.

S Taylor1

  • 1Transitional Care Unit, Lenoir Memorial Hospital Kinston, North Carolina, USA.

Director (Cincinnati, Ohio)
|November 18, 2000
PubMed
Summary
This summary is machine-generated.

Employee retention is crucial for businesses aiming to reduce costs. Retaining talent is more economical than the expenses associated with retraining new employees in the current market.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Perinatal factors affecting survival and survival without disability of extreme premature infants at two years of age.

European journal of obstetrics, gynecology, and reproductive biology·2002
Same author

Stage-IIB osteosarcomas around the knee. A study of MMP-9 in surviving tumour cells.

The Journal of bone and joint surgery. British volume·2002
Same author

Dopexamine attenuates microvascular perfusion injury of the small bowel in pigs induced by extracorporeal circulation.

British journal of anaesthesia·2002
Same author

Vertebral osteomylitis due to Ochrobactrum anthropi.

Internal medicine journal·2002
Same author

Identification of the urinary metabolites of 4-bromoaniline and 4-bromo-[carbonyl-13C]-acetanilide in rat.

Xenobiotica; the fate of foreign compounds in biological systems·2002
Same author

Penetration of engineered antibody fragments into the eye.

Clinical and experimental immunology·2002

Area of Science:

  • Business Management
  • Human Resources
  • Organizational Psychology

Background:

  • Employee retention is a significant concern in today's competitive business landscape.
  • The cost-effectiveness of retaining existing employees versus hiring and training new ones is a widely discussed topic.

Purpose of the Study:

  • To analyze the concept of employee retention.
  • To highlight the economic advantages of employee retention strategies.

Main Methods:

  • Literature review of existing theories and debates on employee retention.
  • Comparative cost analysis of retention versus retraining.

Main Results:

  • Retention is a complex concept with various theoretical underpinnings.

Related Experiment Videos

  • Data indicates that retaining employees is generally less costly than retraining.

    • Conclusions:

    • Implementing effective employee retention strategies is economically beneficial for organizations.
    • Focusing on retention can lead to significant cost savings and improved organizational stability.