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What is Retrenchment

Sustainable and Responsible Entrepreneurship and Key Drivers of Performance
Permanent expulsion/discharge of a worker.
Published in Chapter:
Employee Engagement, “Myth or Reality”?: A Critical Analysis of the Entrepreneur and Employee Relationship in the Recession Phase of the Business Cycle
Bhagawan Chandra Sinha (Sarala Birla University, India)
DOI: 10.4018/978-1-7998-7951-0.ch008
Abstract
Employee engagement refers to an employee's highest degree of loyalty, commitment, and participation towards organizational goals, objectives, vision, and mission. It is a technique for instilling an intrinsic desire and passion for excellence in employees by winning their head, heart, and soul. In other words, it can be said it is an art and science of engaging people in authentic and recognized connections to strategy, roles, performance, organization, community, relationship, customers, development, energy, and well-being as we leverage, sustain, and transform our work linkages into results. An engaged employee understands the market context and collaborates with co-workers to enhance job performance for the betterment of the company. Engaged employees want their organization to be successful and excel because they are physically, professionally, emotionally, and even spiritually associated with its goals, objectives, purpose, vision, and mission. Employee engagement has grown into a vital component of business performance today.
Full Text Chapter Download: US $37.50 Add to Cart
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Human Resource Management Strategies of the Indian Information Technology Sector Post-Pandemic
Is an act of removal of an employee by the employer from the present employment in view of business implications of increasing the profit or controlling the loss.
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