Author: Bikash Mondal
Abstract: In the face of rising employee turnover, organizations have begun to recognize the importance of professional development (PD) as a strategic tool to not only enhance employee skills but also retain top talent. This article presents a comprehensive conceptual study on how professional development contributes to employee retention. The study investigates the various dimensions of professional development, including training programs, mentorship, career advancement opportunities, and continuous learning, and examines their impact on job satisfaction, organizational commitment, and employee engagement. By synthesizing existing research, case studies, and industry reports, this paper highlights the direct and indirect effects of PD on employee retention and explores best practices for organizations seeking to implement effective PD strategies. The article concludes by offering practical recommendations for organizations to leverage PD initiatives to enhance retention, reduce turnover costs, and build a more engaged and loyal workforce.
Keywords: Professional Development, Employee Retention, Job Satisfaction, Employee Engagement, Career Growth.
Page No: 88-93