DISCUSS THE IMPACT OF SOCIALLY RESPONSIBLE HRM ON EMPLOYEES RETENTION AND ENGAGEMENT.
Here are some ways in which socially responsible HRM can affect employees’ retention and engagement:
Improves employee morale: When an organization is committed to socially responsible HRM practices, it creates a positive work culture that can improve employee morale. Employees feel good about working for an
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Attracts and retains talent: Organizations that have a reputation for socially responsible HRM practices are more likely to attract and retain top talent. Employees want to work for an organization that is committed to making a positive impact on society and has a strong ethical reputation.
Increases employee engagement: Socially responsible HRM practices can increase employee engagement. When employees feel that they are part of an organization that is making a positive impact on society, they are more likely to be engaged in their work and committed to the organization’s goals.
Enhances employee loyalty: Employees who are part of an organization that is committed to socially responsible HRM practices are more likely to be loyal to the organization. They feel that they are part of something bigger than themselves and are more committed to the organization’s success.
Improves organizational image: Socially responsible HRM practices can improve the organization’s image in the eyes of its employees, customers, and stakeholders. It creates a positive reputation for the organization, which can enhance its brand and attract new customers and stakeholders.
In conclusion, socially responsible HRM practices can have a positive impact on employees’ retention and engagement.