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Quality Of
                                                                          LIFE




                                                                                     Fearless of
       Instant                                                                       Aspirations




Source: Roongrerngsuke, 2010, Erickson, 2012, Ghosh & Chaudhari, 2009
Give Employees the option to
                      contribute to a larger cause.




Let them take ½ salary and 6 months of
community service / CSR activities
Reverse Mentoring | Mentors are teaching their
mentees about Web 2.0 not to gain visibility
Employees can move seamlessly
among company locations




                            According to their seasonal or
                                     location preferences
Scrap the Annual Appraisal




Give regular feedback for a quicker
and continuous self actualisation,
rather than wait for the year-end.
Let them decide if they want PF, Gratuity,
           Superannuation or LTA




Flexi Comp | offer a menu of benefits,
rather than pre-defined plan
Offer Unique Benefits across Generations,
            Job Bands,
Generation, Job Band,
Cultural Background


       Offer Unique Benefits | Peer Nominated Award,
        Tai Chi Lessons, Photography & Guitar Tuitions
High Quality Colleagues




                             Build Perceptions through
                          Organizational Success Stores
Paras Kaushik
                        Head Retail HR
              Madura Fashion & Lifestyle
                     Aditya Birla Group

paras.kaushik@adityabirla.com
paraskaushik@gmail.com
@paraskaushik
linkedin.com/in/paraskaushik




                                           13

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Unconventional Ideas to Retain Gen Y

  • 1.
  • 2.
  • 3. Quality Of LIFE Fearless of Instant Aspirations Source: Roongrerngsuke, 2010, Erickson, 2012, Ghosh & Chaudhari, 2009
  • 4.
  • 5. Give Employees the option to contribute to a larger cause. Let them take ½ salary and 6 months of community service / CSR activities
  • 6. Reverse Mentoring | Mentors are teaching their mentees about Web 2.0 not to gain visibility
  • 7. Employees can move seamlessly among company locations According to their seasonal or location preferences
  • 8. Scrap the Annual Appraisal Give regular feedback for a quicker and continuous self actualisation, rather than wait for the year-end.
  • 9. Let them decide if they want PF, Gratuity, Superannuation or LTA Flexi Comp | offer a menu of benefits, rather than pre-defined plan
  • 10. Offer Unique Benefits across Generations, Job Bands, Generation, Job Band, Cultural Background Offer Unique Benefits | Peer Nominated Award, Tai Chi Lessons, Photography & Guitar Tuitions
  • 11. High Quality Colleagues Build Perceptions through Organizational Success Stores
  • 12.
  • 13. Paras Kaushik Head Retail HR Madura Fashion & Lifestyle Aditya Birla Group paras.kaushik@adityabirla.com paraskaushik@gmail.com @paraskaushik linkedin.com/in/paraskaushik 13