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Samsung Employee Retention

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Samsung Employee Retention

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Samsung Employee Retention

  1. 1. Samsung Employee Retention Maged Elsakka
  2. 2. SSaammssuunngg  Samsung has a powerful influence on South Korea's economic development, politics, media and culture, and has been a major driving force behind the "Miracle on the Han River". Its affiliate companies produce around a fifth of South Korea's total exports. Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP.  At Samsung, we are permanently committed to creating a truly global leadership culture  that is as diverse and vibrant as the markets we serve, and the products we make.  Only with our unique breadth and massive global reach can our people bring joy to people  through phones, media & entertainment.  Or, with our Smart School Solutions and growing range of portable medical devices,  improve lives by spreading education and healthcare to the parts of our global civilization that need it most.
  3. 3. SSaammssuunngg  With our endless ability to predict the next big wave (and create a few of our own), joining Samsung Electronics will put you in touch with the future – and keep your career at the cutting edge of tomorrow's technology.  We are looking for outstanding global talents and future leaders, who are welcome and vital for us as we grow and evolve into a truly Global enterprise. We are on the cusp of the next chapter of our history. So join us. And make a real contribution to shaping our future, and bringing the next big thing to life.
  4. 4. WWhhaatt iiss eemmppllooyyeeee rreetteennttiioonn
  5. 5. eemmppllooyyeeee rreetteennttiioonn ssttrraatteeggyy  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”.
  6. 6. these pprraaccttiicceess ccaann bbee ccaatteeggoorriizzeedd iinn 33 lleevveellss:: 1) Low Level Employee Retention Strategies 2) Medium Level Strategies for Employee Retention 3) High Level Strategies
  7. 7. pprreesseenntt sseeccaannrriioo ooff eemmppllooyyeeee rreetteennttiioonn ssttrraatteeggyy Leaving of an organization for more pay. Incentives can increase productivity. Running away from responsibilities. Measures to increase employee satisfaction will be expensive
  8. 8. Reasons WWhhyy eemmppllooyyeeeess lleeaavvee 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
  9. 9. RReetteennttiioonn ppRRoocceessss
  10. 10. aanndd tthhee RReessuulltt ooff ggoooodd RReetteennttiioonn ppRRoocceessss iiss lliikkee tthhiiss
  11. 11. foR that theRe aaRRee ssoommee RReetteennttiioonn ssuucccceessss mmaannttRRaass This are the key area And the result is like this  Transparent Work Culture  Quality of Work  Supporting Employees  Give empowerment
  12. 12. hoW to manage eemmppllooyyeeee RReetteennttiioonn 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.
  13. 13. hoW to RReettaaiinn eemmppllooyyeeee  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.
  14. 14. ccoonnttiinnuuaattiioonn
  15. 15. Top 7 Ways To Improve eemmppllooyyeeee rreeTTeennTTIIoonn aanndd rreedduuccee eemmppllooyyeeee TTuurrnnoovveerr eexxaammppllee ccIIssccoo ,,llGG aanndd ddllFF 1. Hire the best and avoid the rest. 2. Orientation program for new employees. 3. Provide flexible work place. 4. Learning new skills and advancing their career is just as important as the money they make. 5. Early warning detection system 6. Look for triggers. 7. Identify and weed out poor managers.
  16. 16. HoW To ccrreeaaTTee aa WWIInnnnIInnGG eemmppllooyyeeee rreeTTeennTTIIoonn ssTTrraaTTeeGGyy?? Performance. Communication. Loyalty Competitive advantage.
  17. 17. HHooWW TToo rreedduuccee eemmppllooyyeeee TTuurrnnoovveerr Extract DIAMONDS among the stones Giving a finishing touch to your Diamond Compensation package for those who make your organisation worth
  18. 18. WHy IIss aa GGoooodd mmaannaaGGeerr IImmppoorrTTaannTT?? A Good Manager: 1. Healthy Workplace 2. Enriches and enlivens an employee’s work 3. Talent management 4. Develops a culture of loyalty
  19. 19. mmaannaaGGeerr rroollee IInn eemmppllooyyeeee rreeTTeennTTIIoonn ssTTrraaTTeeGGyy  Creating motivating environment  Standing up for the Team  Providing coaching  Delegation  Extra Responsibility  Focus on future career
  20. 20. manaGer’s rroollee IInn eemmppllooyyeeee rreeTTeennTTIIoonn 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
  21. 21. SSaammssuunngg Retention The resignation rate is 5% for Korea-based employees and 15.6% for overseas employees. Samsung Electronics actively analyzes the factors behind employee turnover and reflects these findings in its HR management policies. We also operate a career development center to help retiring employees find new jobs or start new Business .
  22. 22. SSaammssuunngg Retention Reasons Given for Resignations:
  23. 23. Labor and Human Rights Samsung Electronics abides by all labor and human rights laws in each region it operates and strictly enforces a ban on child labor, forced labor and workplace discrimination, in accordance with articles 4, 6 and 16 of the company’s rules of employment. In addition, we strictly abide by the 24 ILO conventions ratified by the South Korean government. Samsung Electronics believes that mutually beneficial development through collaboration should be the basis of its labor relations management. The company operates a Management- Labor Council that inspects overseas operation sites and utilizes other communication channels to monitor
  24. 24. CCaappaacciittyy DDeevveellooppmmeenntt ::
  25. 25. SSaammssuunngg Remuneration Wage by Region Samsung Electronics is complying with minimum wage laws in all countries. It pays up to three-times the minimum salary in regions in order to help improve the welfare and quality of life of its employees.
  26. 26. Employee Injury Management Although the rate of employee injuries increased in 2011 compared to 2010, 68% of injuries occurred during sports activities conducted at company social events. Samsung Electronics has since published a safety guideline and implemented a program to raise awareness of the importance of stretching and other exercises to prevent injuries in non-industrial activities. We are also conducting regularly scheduled health and safety trainings on a wide range of issues, including industrial safety and employee health management.

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