EMPLOYEE RETENTION

Presented by :- Ramkrishna

Rajput

“We cant stop employee

from leaving unless we have

a plan to make them stay’’

WHAT IS EMPLOYEE RETENTION

Employee Retention is process in

which the employee are encouraged

to remain with organization for the

maximum period of time or until

the completion of the project.

Employee Retention is beneficial

for the organization as well as the

employee.

WHAT MAKES EMPLOYEE LEAVE ?

Job is not what employee

expected.

No growth opportunities.

Lack of appreciation.

Lack of trust and support

Stress from overwork.

Compensation.

New job offer.

IMPORTANCE OF EMPLOYEE RETENTION

The cost of Turnover.

Loss of company knowledge.

Interruption of customer services.

Turnover leads to more turnover.

Goodwill of company.

Regaining Efficiency.

EMPLOYEE RETENTION INVOLVES FIVE MAJOR

THINGS.

1. COMPENSATION

2. ENVIRONMENT

3. GROWTH

4. RETATIONSHIP

5. SUPPORT

COMPENSATION

Bonus

Health Insurance

After Retirement

Miscellaneous compensation

Remind your employee the benefit

they get.

ENVIRONMENT1. Learning Environment :- Certification

for higher studies.

2. Supportive Environment : - Flexible

hrs. dependent care vacation alternate work

schedules.

3. Work Environment :- Efficient

manager supportive co-worker, challenging

work, involvement in decision making, clarity

of work and responsibilities and recognition.

GROWTH

1.Work Profile.

2. Personal Growth.

3. Training and development

RELATIONSHIP

1. Relationship with immediate

manager.

2. Relationship with colleagues.

3. Promote an employee based

culture.

SUPPORT

1. Providing feedback.

2. Recognition and reward.

3. Counseling.

4. Providing Emotional Support.

EMPLOYEE RETENTION STRATEGIES

1. Make wiser choices when hiring

employee.

2. Communicate effectively with your

employee.

3. Empower the employee.

4. Make them realize they are valuable

for organization.

5. Have Faith in them , trust & respect

them.

6. Provide information & knowledge.

7. Give feedback on performance.

8. Recognize & appreciate their

achievement.

TOP 15 DRIVER TO RETAIN THEIR EMPLOYEE .

1. Exciting work & challenge.

2. Career growth Learning & Development.

3. Working with great people &

Relationship.

4. Fair Pay

5. Supportive management /great boss.

6. Being Recognized , valued & Respected.

7. Benefit

8. Meaningful work making a difference &

contribution.

9. Pride in organization its mission and

product.

10. Great work environment & Great culture.

11. Flexibility

12. Autonomy, Creativity and a sense of

control.

13. Job security & Stability

14. Location

15. Diverse changing work assignment.

ORGANIZATION CULTURE MUST BE TO RETAIN THEIR

EMPLOYEELeadership

Commitment

Employee Engagement

Inform

Reporting

Learning

Adaptability

Justness

Organization

culture

MANAGER ROLE IN RETENTION

1. Creating a motivating environment.

2. Standing up for the team.

3. Providing coaching.

4. Delegation.

5. Extra Responsibility.

BUT DON’T FORGET:-

What you Get

Reliability

Enthusiasm

Cooperation

WHAT EMPLOYEE WANT

MAINTAINERS :-

Working condition

Company policies

Job Security

Pay and benefits

Relationship with co-worker

Supervision

Status

MOTIVATIONAchievement

Recognition

Satisfying work

Responsibity

Advancement

Growth

Good Wages

Interesting work

Promotion and growth in the

organization.

Personal Growth in the organization.

Personal loyalty to employees.

Good working condition.

Tactful discipline.

CAUSES OF EMPLOYEE DEMOTIVATION :-

Lack of appreciation

Too much work

Lack of clarity in work

Favoritism

Mistrust

Miscommunication

HR. DEPT. ROLE IN RETENTION

1. Give infrastructure facilities to

ensure that employee give their best.

They can make employee friendly

policies process in procedure to ensure

that employee grow in organization.

They can appreciate employee work.

They can ensure proper communication

process take place and make sure that

employee are heard.

They can give regular feed back and

Recognition.

They can give training to boss if his

management is not good.

CONCLUSION :-

The process of retention is not easy as it seems.

There are so many tactics and strategies used

in retention of employee by the organization.

The basic purpose of these strategies is to

increase employee satisfaction boost employee

moral hence achieve retention.