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.
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.
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.
20. WHAT EMPLOYEE WANT
MAINTAINERS :-
Working condition
Company policies
Job Security
Pay and benefits
Relationship with co-worker
Supervision
Status
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.