self- finance faculty as hr- myth or reality

International Journal of Social Science & Interdisciplinary Research__________________________________ ISSN 2277-3630
IJSSIR, Vol. 4 (5), MAY (2015), pp. 101-108
Online available at indianresearchjournals.com
SELF- FINANCE FACULTY AS HR- MYTH OR REALITY
BINA SARKAR
ASSISTANT PROFESSOR
SREENARAYANA GURU COLLEGE OF ARTS, SCIENCE AND COMMERCE
CHEMBUR, P.L.LOKHANDEMARG, MUMBAI-89
ABSTRACT:
Human Resource isan integral part of an organization and a good recruitment decides the
future of the organization. Once the employer gets the expected, required number of employees,
the next step is to train, develop and retain them. Theincrease competition is increasingthe
employees' turnover, which may be because of many reasons like poor salary, bad working
conditions, and employer – employee relationship etc. The employee turnover may cost to the
employer in terms of time, money and productivity. In present competitive world it is not only
important to have the right employees but it is equally important to retain them for the benefits of
the organization and the employees. Retention of employee is becoming the top priority of
organizations at present scenario. The 'employee retention' concept is not only restricted to the
corporate sector or profit making institution but also in the non-profit making organizations,
trusts, educational institutions, hospitals, etc. The present paper focuses on whether the same
concept is equally applicable for the self- financing courses running under Mumbai University in
Mumbai.
KEY WORDS: Employee, Human Resource, Turnovers, Retentions, Mumbai.
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