Dinusha Kularathna

What Is Skilled Labor? Skilled labor is a segment of the workforce that has specialized know-how, training, and experience to carry out more complex physical, or mental tasks than routine job functions. Skilled labor is generally characterized by higher or specialized education, as well as expertise levels attained through training and experience, and likewise generally corresponds with higher wages. This can be contrasted with unskilled labor, which refers to individuals with a limited range of skills to use in the workplace. KEY TAKEAWAYS Skilled labor refers to highly trained, educated, or experienced segments of the workforce that can complete more complex mental or physical tasks on the job. Skilled labor is often specialized and may require a prolonged period of training and experience. Skilled labor, which can be contrasted with unskilled or low-skilled workers, usually commands higher incomes. Skills in science, technology, engineering, and math (STEM) are essential in many i

  What is Employee Retention?  Employee retention is considered an organizational goal of keeping employees and their contributions for the long term. It describes the situation where employees aren’t actively seeking other job opportunities and choose to grow and stay with their current company. A lot of the times, lots of companies find out why people leave or reason for leaving during the exit interviews.     In addressing the multi-dimensional concept of retention, Cascio (2003) perceived retention as initiatives which the management takes to prevent employees from leaving the organization. The issues which the latter further proposed are employees being rewarded for doing their jobs effectively, ensuring that the relationship between employees and managers are harmonious, and maintaining a working atmosphere which is safe and healthy. Frank et al. (2004, p. 13) defined retention as the "effort by an employer to keep desirable workers in order to meet business objectives”. Wha