Employee Retension

In the text book “Human Resource Management” by Robert L. Mathis pg. 81 the author talks about psychological contracts, “Studies suggest that employees do believe in these unwritten agreements or psychological contracts, and hopes their employers will keep their sides of the agreement. When employers do not, employees feel a minimal necessity to contribute to the organizational productivity because they no longer trust the company”. I see loyalty as a big deal and in order to retain your best employees this has got to be a two way street. Employees do not likes to feel that their loyalty is expected, but that the company can take advantage of them, use them, up and den

In conclusion I believe the facts bear out that loyalty must come from the employer as well as the employee. Unwritten contracts are still alive and well. Also an employee is motivated by much more than money and status. In my opinion to feel valued and respected means a lot more. My final quote comes from a book called “Keeping good people” by Roger E. Herman “If you intend to keep good people, it is imperative that the organization’s values be clear, be communicated well, and be reflected in decisions, norms, structures, policies, and procedures. Values conflicts between employees and the organization cause conflict, frustration, and decline in productivity”. Clearly ABC’s secret negotiations and NBC’s lack of interest for a valued employees feelings is an excellent example of how to reduce retention in an organization. They clearly discounted and devalued these two individual’s.

A recent story in Newsweek March 11, 2002 talks about this very issue, the article “Stupid Network Tricks” by David France talks about the recent recruiting efforts by ABC to recruit David Letterman of CBS to the late night spot that is currently occupied by Ted Koppel’s “Nightline” and Letterman’s reasons for actively negotiating with

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