Employees Retention Strategy and its Impact on Organizational Memory: An Exploratory Research for the opinion of Faculty Members at Private Colleges on Baghdad

Abstract

The research aims to determine the impact of employees’ retention strategy on organizational memory. This research is historical, descriptive, and analytical. The sample consists of 158 faculty members in five private colleges in Baghdad. The technique used to analyze the data is SEM (Structural Equation Modeling), and SPSS (Statistical Package for the Social Sciences). The research concludes that the employees retaining strategy plays a vital role in retaining employees and hence maintains organizational memory. The findings and recommendations of this research assure the administrations of private colleges that employees retention strategy play a vital role in retaining its employee and hence maintains organizational memory. This research differs from the previous researches in that it has not examined the reasons for leaving employees or the turnover, but looking for the reasons that inspire employees to remain in the organization. This research suggests that employees’ retention strategy helps the organization retain its employees, and as a consequence, maintaining organizational memory.

Received: 21 September 2020 / Accepted: 1 November 2020 / Published: 17 January 2021