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    Challenges of Employee Retention Iin Airlines

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    karwalpk
    This document discusses the challenges of employee retention in the Nepalese airline industry. It notes that employee turnover rates have increased as a nationwide issue, as employees no longer feel loyal to their companies due to factors like mergers and concerns about job security. This is especially a problem in the airline industry, which faces challenges in retaining technical staff like pilots and engineers. The researcher aims to study the different issues regarding employee retention in the airline industry and recommend solutions, such as developing key performance indicators to measure retention, training managers on motivating employees, and tying company performance to employee compensation.

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    Challenges of Employee Retention Iin Airlines

    Uploaded by

    karwalpk
    73 views2 pages
    This document discusses the challenges of employee retention in the Nepalese airline industry. It notes that employee turnover rates have increased as a nationwide issue, as employees no longer feel loyal to their companies due to factors like mergers and concerns about job security. This is especially a problem in the airline industry, which faces challenges in retaining technical staff like pilots and engineers. The researcher aims to study the different issues regarding employee retention in the airline industry and recommend solutions, such as developing key performance indicators to measure retention, training managers on motivating employees, and tying company performance to employee compensation.

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    This document discusses the challenges of employee retention in the Nepalese airline industry. It notes that employee turnover rates have increased as a nationwide issue, as employees no longer feel loyal to their companies due to factors like mergers and concerns about job security. This is especially a problem in the airline industry, which faces challenges in retaining technical staff like pilots and engineers. The researcher aims to study the different issues regarding employee retention in the airline industry and recommend solutions, such as developing key performance indicators to measure retention, training managers on motivating employees, and tying company performance to employee compensation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    73 views2 pages

    Challenges of Employee Retention Iin Airlines

    Uploaded by

    karwalpk
    This document discusses the challenges of employee retention in the Nepalese airline industry. It notes that employee turnover rates have increased as a nationwide issue, as employees no longer feel loyal to their companies due to factors like mergers and concerns about job security. This is especially a problem in the airline industry, which faces challenges in retaining technical staff like pilots and engineers. The researcher aims to study the different issues regarding employee retention in the airline industry and recommend solutions, such as developing key performance indicators to measure retention, training managers on motivating employees, and tying company performance to employee compensation.

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    Concept paper on:

    Challenges of employee retention in Nepalese airline industry

    Organizational policies and practices designed to meet the diverse needs of employees
    and create an environment that encourages employees to remain employed. Airlines
    are currently experiencing the effects of increased employee turnover rates. Rather
    than being an isolated issue, employee turnover faces the nation as a whole. This issue
    costs companies millions in the expenses needed to recruit and train new employees.
    Employee turnover rates are linked to corporate structure and environment and can
    therefore be modified through changes in policy. Increasing Turnover Rates Employee
    turnover rates have, within the last several years, become a nationwide epidemic.
    Employees no longer feel the sense of company loyalty that once existed. increasing
    numbers of corporate mergers and acquisitions have left employees feeling detached
    from the companies that they serve and haunted by concerns of overall job security.
    Due to increase in number of new airlines employes get better opportunities will leave
    the job. As a result, workers are now making strategic career moves to ensure
    employment that meets their need for security.

    Recruiting the best employees is only part of the equation. The other half is retaining
    them. This can be especially difficult in industries facing challenges like the airline
    industry. While increased compensation is the most obvious solution, it isn't always an
    option.
    Nepalese airline sector is growing business in nepalese economy. The number of
    airlines operating in nepal are growing day by day.The market of airline business is still
    unsaturated.Due to the teritory of Nepal air transport is very essential service for remote
    people. After the liberalization of sky policy in nepal,private sector and international
    airlines heavily came down with their strong and competitive services. Due to entry of
    such airlines limited employees of existing airlines got better opportunities and the
    retention issues became more challenging . The job changing ratio is still very high in
    nepalese aviation sector. The retention of technical staff like pilots and engineeres are
    more challenging in comparision to other staffs.
    In this research I will study the different issues regarding the employee retention in the
    airline industry and will recommend the best solution for this issues.

    Prepared By:
    Poshak Gnawali
    (Utopia)
    Devleop Key Performeance IndicatorsDue
     Measure employee retention. his may seem obvious, but the first step to improving anything
    is creating a metric to measure it. These measurements are referred to as key performance
    indicators. The most common indicator is employee turnover. That is, how many employees leave
    the organization over a month, quarter or year. Look at past figures and set goals to reduce the
    number by 10 percent every year.

    Train Management
     Train managers on ways to help motivate and communicate with employees. One reason
    employees leave is because of poor management feedback. Take the time to train those you've
    promoted in your organization on how to motivate and retain good employees. Not everyone is a
    born manager---some people need a little help to steer them in the right direction, and this can be
    critical in the airline industry, where tensions can sometimes run high.

    Tie Company Performance to Compensation


     While increases in direct compensation are nice, creating a direct incentive (bonus) for
    employees to make a better company provides a clear communication to all employees to put
    customer satisfaction first. If the airline is public, issue stock in lieu of pay increases. Create ways to
    give employees ownership over their ideas and reward those with great ideas with certificates of
    merit or words of achievement from higher-level management that can be used on performance
    evaluations.

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