Knowledge Management as an Important Part in the Global Economy Essay

Knowledge counselling as an Important Part in the Global Economy - Essay ExampleThis will be followed by the current practices that are being expendd by employers to attract the best sightdidates to their firm in the first place, which will be supplemented by examples from different organizations on how they monitor employee satisfaction, assess the required parameters and run through steps to motivate and retain the employees.In the process ofdeterminingthe means to attract employees, the specific enjoyment of the HRM de blow upments in different companies will be identified, in ascertaining what successful measures these departments (who is they? make sure your pronoun references are clear) enforced and how these have contributed to competitive advantage. The need and parameters that are essential for determining the characteristics pertaining to employees retention will be identified, i.e, ( i.e.)((is i.e. what you sine qua non here? is the meaning clear?)high turnover of em ployees is damaging to a firm. The views of experts on what retention measures can be adopted by the HRM department will form the concluding and most important part of the Literature Review.The operational proceduresdetermine the employee retention and attrition rates and provide insight into the factors responsible for forcing an employee to assay alternative solutions externally. The HRM departments must take these factors into consideration while devising new plans and strategies to retain employees through the use of confidence-building measures.Journal articles dealing with the subject of retention were retrieved using databases such as ProQuest and Emerald. The search terms that were use include most common words associated with employees and their satisfaction such asemployee satisfaction, employee retention, employee attrition etc. These searches elicited several journal articles that were useful in assessing the importance of retention as well as retention strategies. Addi tionally, several books onHuman resource management were also consulted in order to go down supporting material that could be used.