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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.
ENVIRONMENT
1. 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 EMPLOYEE
Leadership
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
MOTIVATION
 Achievement
 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.
Employee Retention PPT ( Ram )

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Employee Retention PPT ( Ram )

  • 1. Presented by :- Ramkrishna Rajput
  • 2. “We cant stop employee from leaving unless we have a plan to make them stay’’
  • 3. 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.
  • 4. 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.
  • 5. 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.
  • 6. EMPLOYEE RETENTION INVOLVES FIVE MAJOR THINGS. 1. COMPENSATION 2. ENVIRONMENT 3. GROWTH 4. RETATIONSHIP 5. SUPPORT
  • 7. COMPENSATION Bonus  Health Insurance After Retirement Miscellaneous compensation Remind your employee the benefit they get.
  • 8. ENVIRONMENT 1. 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.
  • 9. GROWTH 1.Work Profile. 2. Personal Growth. 3. Training and development
  • 10. RELATIONSHIP 1. Relationship with immediate manager. 2. Relationship with colleagues. 3. Promote an employee based culture.
  • 11. SUPPORT 1. Providing feedback. 2. Recognition and reward. 3. Counseling. 4. Providing Emotional Support.
  • 12. 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.
  • 13. 5. Have Faith in them , trust & respect them. 6. Provide information & knowledge. 7. Give feedback on performance. 8. Recognize & appreciate their achievement.
  • 14. 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.
  • 15. 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.
  • 16. 11. Flexibility 12. Autonomy, Creativity and a sense of control. 13. Job security & Stability 14. Location 15. Diverse changing work assignment.
  • 17. ORGANIZATION CULTURE MUST BE TO RETAIN THEIR EMPLOYEE Leadership Commitment Employee Engagement Inform Reporting Learning Adaptability Justness Organization culture
  • 18. MANAGER ROLE IN RETENTION 1. Creating a motivating environment. 2. Standing up for the team. 3. Providing coaching. 4. Delegation. 5. Extra Responsibility.
  • 19. BUT DON’T FORGET:- What you Get  Reliability  Enthusiasm  Cooperation
  • 20. WHAT EMPLOYEE WANT MAINTAINERS :-  Working condition  Company policies  Job Security  Pay and benefits  Relationship with co-worker  Supervision  Status
  • 21. MOTIVATION  Achievement  Recognition  Satisfying work  Responsibity  Advancement  Growth  Good Wages  Interesting work
  • 22.  Promotion and growth in the organization.  Personal Growth in the organization.  Personal loyalty to employees.  Good working condition.  Tactful discipline.
  • 23. CAUSES OF EMPLOYEE DEMOTIVATION :-  Lack of appreciation  Too much work  Lack of clarity in work  Favoritism  Mistrust  Miscommunication
  • 24. 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.
  • 25.  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.
  • 26. 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.