Week VII. The role of Human Resource Management in Employee Retention

The role of Human Resource Management in Employee Retention  Student’s Name Date of Submission Columbia Southern University  Table of Contents Problem Statement and Theoretical Framework Problem Statement Theoretical Framework Application to Business Administration Purpose Statement and Research Questions Purpose Statement Research Questions (and Hypotheses) Variables/Phenomena Research Method and Design Research Method Research Design References Problem Statement and Theoretical Framework Problem Statement   Manuel et al. (2016) and Figueiredo, Pais, Monteiro, and Mónico (2016) argue that the workforce is an imperative asset for creating competitive advantage. Nevertheless, researchers identify that there are numerous challenges that emerge in HRM practices that limit employee retention and the ultimate contribution the workforce has in the organization (Olaimat & Awwad, 2017). Similar insights are expressed an array of researchers who show that the impact of HRM practices by interlinked factors such as globalization, technological innovations, economic development, and increased quality of education and legal provisions have increased competitiveness in the modern business environment (Imna, 2015; Ahmed Qayed Al-Emadi, Schwabenland, & Wei, 2015; Pandey, Singh, & Pathak, 2016). Resultantly, it has become difficult for organizations to create a competitive advantage through strategic management practices because similar conditions and resources are available for all organizations. In this light, there is a need to address the HRM practices that fail to promote employee retention, which is imperative in developing a sustainable competitive advantage. Focus on such issues can contribute in the realization of HRM shortcomings and offer recommendations on how HRM practices can be aligned with organizational objectives. Additionally, despite the growing volume of literature, the changing business environment requires consistent investigation of how employees are managed.Theoretical FrameworkReview of various studies shows that there are various theoretical models that be employed to address the role of HRM practices in employee retention. For this research, the theoretical model considered best to address the research questions, and the general objective of the investigation is the Guest Model. According to Imna (2015), the model draws from the Harvard framework, which focuses on the soft and hard HRM practices and how they affect employee retention. The model was presented by Guest in 1997, who advocated for the development of a theoretical approach that was centered on human resource activities and organizational performance, and a theory that could be employed to relate the two factors. From this perspective, the theory draws from various conceptualizations of the relationship between human resource management and how employee retention influences organizational performance. Drawing from the model, there is a consensus among scholars that increased effectiveness of HRM practices in light of the changing business environment contributes to employee retention and organizational competitiveness (Imna, 2015; Ahmed Qayed Al-Emadi, Schwabenland, & Wei, 2015; Pandey, Singh, & Pathak...