Abstract
Two themes of best human resource management practices –– employee empowerment and engagement have been considered a fundamental tool to increase the retention within any organization. The research paper utilized qualitative-descriptive design through secondary sources of data collection, which centralized on the case of Volkswagen Group, its retention rates and various programs offered to employees. The analysis establishes the link between employee retention and the two variables employee empowerment and engagement. It has been revealed that employee empowerment and engagement are significant links to retention. Moreover, both empowerment and engagement contribute to a more open, innovative environment, faster decision-making, and more importantly, create loyalty and organizational commitment. The company under study serves as an excellent example of high retention rates as well as a company that focuses a lot on its employees and their happiness within the organization despite its concerns in the past.
Highlights
Two themes of best human resource management practices -- employee empowerment and engagement have been considered a fundamental tool to increase the retention within any organization
In order to answer the research questions, researchers focused on the current practices of human resources and their relationship to employee engagement and empowerment
The data on retention rates support the research in understanding whether the company can be successful in decreasing turnover rates without the help of the two concepts or if employee engagement and empowerment are given a high priority by the company and have contributed to its high retention rates
Summary
Two themes of best human resource management practices -- employee empowerment and engagement have been considered a fundamental tool to increase the retention within any organization. It has been revealed that employee empowerment and engagement are significant links to retention. The purpose of this research is to find the link between Volkswagen’s retention of employees and different programs that the company employs. It is important to understand whether those programs and benefits are related or focused on employee engagement and empowerment. It has been expounded in this paper that Volkswagen paves its way to changing their strategy through its human capital efforts and through possible recommendations when implementing the key variables in business operations
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