retention stratgies

Presented by bhawna jha : 

Presented by bhawna jha

OBJECTIVE OF THE STUDY : 

OBJECTIVE OF THE STUDY To identify how retention strategy reduce turnover. To know how to retain employee? To know how they feel engaged in the organization? To know what are the manager role in retention strategy?

What is employee retention : 

What is employee retention

Employee retention strategy : 

Employee retention strategy 1. Right people (Hire). 2. Employee empowerment. 3. Employee being the most valuable asset. 4. Believe In Your Employees. 5. Provide them information and knowledge. 6. Feedback on their performance. 7. Recognize and appreciate. 8. Keep their morale high. 9. Create a “Healthy environment”.

These practices can be categorized in 3 levels: : 

These practices can be categorized in 3 levels: 1) Low Level Employee Retention Strategies 2) Medium Level Strategies for Employee Retention 3) High Level Strategies

Present secanrio of employee retention strategy : 

Present secanrio of employee retention strategy Leaving of an organization for more pay. Incentives can increase productivity. Running away from responsibilities. Measures to increase employee satisfaction will be expensive

Slide 7: 

This are the results Cont… Managers’ poor supervision Lack of growth potential. Lack of recognition Do not enjoy their job Inadequate pay Job is not challenging Overwork Work and life in-balance Reasons Why Employees Leave

Retention process : 

Retention process

And the result of good retention process is like this : 

And the result of good retention process is like this

FOR THAT THERE ARE SOME Retention Success Mantras : 

FOR THAT THERE ARE SOME Retention Success Mantras This are the key area And the result is like this Transparent Work Culture Quality of Work Supporting Employees Give empowerment

How to Manage Employee Retention : 

How to Manage Employee Retention This is the three stage process And follow this process Identify the cost of employee turnover. Understand why employee leave.(exit interview). Implement retention strategies.

How To retain Employee : 

How To retain Employee Top talent wants to work for the top companies. Build it and they will come. Recognize and reward over and over again. Don't take them for granted. Know what their competitor does.

continuation : 

continuation

Top 7 Ways to Improve Employee Retention and Reduce Employee Turnover example cisco ,LG and DLF : 

Top 7 Ways to Improve Employee Retention and Reduce Employee Turnover example cisco ,LG and DLF Hire the best and avoid the rest. Orientation program for new employees. Provide flexible work place. Learning new skills and advancing their career is just as important as the money they make. Early warning detection system Look for triggers. Identify and weed out poor managers.

How to Create a Winning Employee Retention Strategy? : 

How to Create a Winning Employee Retention Strategy? Performance. Communication. Loyalty Competitive advantage.

How to reduce employee turnover : 

How to reduce employee turnover Extract DIAMONDS among the stones Giving a finishing touch to your Diamond Compensation package for those who make your organisation worth

Why is a Good Manager Important? : 

Why is a Good Manager Important? A Good Manager: Healthy Workplace Enriches and enlivens an employee’s work Talent management Develops a culture of loyalty

Manager role in employee retention strategy : 

Manager role in employee retention strategy Creating motivating environment Standing up for the Team Providing coaching Delegation Extra Responsibility Focus on future career

Manager’s Role in Employee Retention : 

Manager’s Role in Employee Retention Retention keeping desirable employees Attrition loss of personnel Career Planning bottom-up view of right people in right place Succession Planning top-down view of right people in right place

Finally result of good retention strategy : 

Finally result of good retention strategy

The success or failure of an organization is increasinglydetermined by its ability to keep its best people. : 

The success or failure of an organization is increasinglydetermined by its ability to keep its best people.