employee retention techniques
TRANSCRIPT
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GROUP MEMBERS
1. FLORENCE VOHRA12
2. ANKITA JAIN 133. ARWA LOKHANDWALA 264. MUBASHIRA 285. AKSHA SHAH
436. SUJAY JETHLIA
61
7. VENU GOPAL
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ACKNOWLEDGEMENT
Apart from the efforts by us, thesuccess of any project depends
largely on the encouragement and
guidelines of
the professor therefore we wouldlike to show our greatest
appreciation to Prof.
RITIKA. Without her encouragementand guidance this project would not
have been ossible
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CONTENTS INTRODUCTION
IMPORTANCE OF HUMAN RESOURCE
RECOGNIZING THE PROBLEM
SOLUTIONS
IMPORTANCE OF RETAINING EMPLOYEES
EFFECTIVENESS OF RETAINING EMPLOYEES
THREE RS OF EMPLOYEE RETENTION
PERCEPT-INTRODUCTION
SURVEY
CONCLUSION
BIBLIOGRAPHY
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INTRODUCTION Employees stick to anorganization for a longer period oftime.
Employees fully trained leaves thejob, causes lost to organization.
Measures are undertaken for
retention
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IMPORTANCE OFHUMAN RESOURCE Manager of people must try to keep those
individual whoworks hard.
Look after your people and the businesswill look after itself. Look after the small things and the big
things look after themselves
No business nor revenue. Each individual create the
larger picture of success.
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PROBLEM FOR
RETENTION Who is responsible for staffretention?
Why are people leaving the job?
Rewards are not given?
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Substantial Costs ThatOccur When A Person
Leaves An Organization1. Lost Productivity Costs.
2. Recruitment costs.3. Training costs.
4. Lost sales costs.
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SOLUTIONS 1.TOP PERFORMER PROFILE Retaining good staff begins duringthe recruitment.
Recruitment is key-challenging.
2.ORIENTATION ANDONBOARDING
New hires are oriented to theworkplace, culture and trained inthe role.
Clear understanding of the role
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3.PERFORMANCE REVIEWS
Positive feedback on a regular basisdoes more to propel success in anindividual.
Reviews increase the chance of anunderperforming employee improvingtheir performance.
These individuals are often the mostopen to suggestions of improvementand are ready to be molded into themost ideal of
employees.
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4.MORALE Impact on productivity, customer
service, turnover, absenteeism andlitigation. Employees feel respected, valued,and appreciated.
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5. COMPETITIVE COMPENSATION
Keep employees onboard.
Benefits can extend beyond thetraditional health insurance andretirement programs
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6.NON-MONETARY REWARD AND
RECOGNITION7. EMPLOYEE SURVEYS
8. EXIT INTERVIEWS
9. THE BOOMERANG EFFECT
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EMPLOYEE RETENTION
Productive andhappy workforcewho are collectively
focused on theorganizationssuccess.
Causes of
undesirableturnover.Tactics that willimprove top
performing staff
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IMPORTANCE OFEMPLOYEE RETENTION
ManageEmployee
Turnover
Cost effective
Maintain
Performance andProductivity
Increase morale
of the Employees
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EFFECTIVENESS OFRETAINING EMPLOYEES
Clarity of role Good Managers/Supervisors Open and transparent cultureTalent management and skill
utilization Learning and growth opportunities
Communication and contact
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3 R'S OF RETENTION
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Founded in 1984, is at an enviable
leadership position today, with ateam of over 2,000 people and 62offices in India and the Middle East
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Percept
operates in 3verticals: Percept Entertainment
Group Percept Media Group Percept Communications
Group
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QUESTIONNAIRE
1. Total strength?
2. structure of the organization?
3. HR responsible foremployment retention?
4. Attrition rate?
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5. techniques to retain youremployees
monetary
non monetary
o
Rewardso Motivational
Special days Games
Competitions
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6.Discrimination in the policies
7.Promotion policiesKRAs
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8.How often do you update yourstrategies
9. Exit interviews
N LU I N
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N LU I N
Employees who outperformbeyond expectation reducesthe need to recruit and cuts
related hiring and trainingcosts
Keeping enthusiastic and topperforming employees is an
art Minimum expenditure,maximum output
Retention strategy is not static
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BIBLIOGRAPHY http://blog.noellevitz.com/2011/01/21/6-keys-setting-r
http://www.themarq.com/2010/03/employee-retention
https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=
employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.
http://www.drakeintl.co.uk/Publications/Employee-Ret
http://blog.noellevitz.com/2011/01/21/6-keys-setting-realistic-student-retention-goals-developing-successful-student-retention-strategy/http://www.themarq.com/2010/03/employee-retention-goals-progress.htmlhttps://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637http://www.drakeintl.co.uk/Publications/Employee-Retention.pdfhttp://www.drakeintl.co.uk/Publications/Employee-Retention.pdfhttps://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637http://www.themarq.com/2010/03/employee-retention-goals-progress.htmlhttp://blog.noellevitz.com/2011/01/21/6-keys-setting-realistic-student-retention-goals-developing-successful-student-retention-strategy/ 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