Question
Q:3 Case Scenario: In today's dynamic business environment, increased globalization, with social, economic and technological developments has resulted with a fierce competition among companies. Talent
Q:3
Case Scenario:
In today's dynamic business environment, increased globalization, with social, economic and technological developments has resulted with a fierce competition among companies. Talent shortage being identified as a salient issue globally; had caused competition even in the labour market. Thus, this had made it crucially important and mandatory for companies to retain their existing employees, although it is a challenging issue encountered by firms across the globe. Thus, the sole purpose of this study is to identify and analyze the major factors that affect employee retention. through the gathering of a vast literature, a literature review is presented, where it initially provides an idea on what employee retention is, and through the gathered articles, four commonly identified factors were selected; compensation, work-life-balance, working environment and superior-subordinate relationship, and are comprehensively analyzed with literature and thereafter this finally concludes, with the conclusion that if the aim of employee retention is to be achieved, all these factors will have to be put into practice together, rather than individually, because only if all four are implemented together, will the objective of achieving employee retention be successful, both in the short and long term
Based on the scenarios presented, answer the following questions:(5 Marks)
A)Discuss the Research Design either research is Quantitative, Qualitative or Mixed method and justify your answer.
B)Write Research Problem in your own words
Course: Research Methodology
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