Can employee attrition rate be reduced through participative management?

Can employee attrition rate be reduced through participative management?

Participative management acts as a force to motivate employees to meet specific organizational goals. This approach focuses on making optimum utilization of intellectual and emotional human resources. Motivated employees are the biggest assets of an organization. This style proves to be an effective strategy to retain the best talents of the industry. It gives employees a sense of pride to to give their ideas & suggestions in organizational decision making process. Once they are valued by their seniors, they stick to the organization and become management’s partners in meeting specific goals and achieving success.