Strategic Role of HR in Efficient and Effective Management of the Human Capital Pool

The main center of attention of the 21st century’s organizations now is employee retention and employee commitment as in comparison to profit maximization earlier. Employees are said to be an organization s greatest asset. Attracting, safeguarding, nurturing and preserving them are a mission in itself, which requires continuous commitment and support. For an organization to get maximum output and quality work it requires effective workforce but with an effective workforce the organization can only go to a certain distance. To gain the maximum out of that workforce the commitment of employees and the turnover ratios requires crafty examination. The employee commitment can have a significant role in employee turnover ratio as it emphasizes on employee eagerness to help colleagues, positive development on productivity and right attitude of employees. This paper aims at understanding reasons for employee attrition and relationship of the same with regards to length of service and number of organizations worked earlierby an employee. The study suggested that as long as the organization will provide an abundance of career opportunity to an employee they will be reluctant to move out and look for better opportunities.