employee retention & engagement plan
DESCRIPTION
New trends in retention and employee engagementTRANSCRIPT
Employee Retention & Employee Engagement Plan
For employee retention:
1. Club Membership: Provide club membership to employees which would be nearer to office2. ESOP: Provide stocks to employees which will also help the company to generate revenue3. Retention Bonus: Provide an additional bonus to appraisal in the month of September or October4. Medical Re-imbursement: Provide an additional 1 lakh insurance in addition to the existing
insurance5. Employee Education: Provide scholarship to employees to study further to enhance their career6. Increased salary7. Transport Facility: Metro/ Local Train pass/ Shuttle service8. Food Coupons/ Shopping coupons9. Provide children education10. Provide snacks if an employee has worked post 7 PM
For employee engagement:
1. Skit Play: Employees to act as customers and try new ideas to convince and pitch for new products. This will help the non performers to perform better
2. I am my own hero: Employees should be given a task to design their own Career Path3. Assign company values: Employees to be given one value every week. The employee who
presented the best must be publicly recognized4. Paid Vacation: Highest achiever to be given a certain amount to go on a vacation5. One thing change day: employees to do one noticeable change in them, it be their dress, style,
voice tone, greeting style etc.6. Office Olympics7. Have themed office days8. Recognize and encourage innovation9. Have a night out: During the night out give your team a quick presentation of the financial state
of the company and show them how their efforts are linked together, set good objectives for the coming month or quarter and get everyone involved in meeting those objectives/ goals.
10. Internal magazine