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Employee Retention Strategy

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We, at Swaraj Wealth Management Pvt Ltd understand, that A productive employee is vital for company’s overall health as his loyalty & productivity not only helps company to achieve higher success more so if he knows all key secrets of company’s functioning which if is fallen in competitor’s hand can cause severe economic loss to the company. Therefore,

1. Retention of employees has been found as one of the major challenges these days in surviving and flourishing of any Industry or institution.

2. Companies have to exercise various activities which may be expensive as well as time taking also.

At Swaraj Wealth Management Pvt Ltd we have expertise we would like to share with you during this seminar. This seminar will take only one hour of your time

We, at Swaraj Wealth Management Pvt Ltd understand, that A productive employee is vital for company’s overall health as his loyalty & productivity not only helps company to achieve higher success more so if he knows all key secrets of company’s functioning which if is fallen in competitor’s hand can cause severe economic loss to the company. Therefore,

1. Retention of employees has been found as one of the major challenges these days in surviving and flourishing of any Industry or institution.

2. Companies have to exercise various activities which may be expensive as well as time taking also.

At Swaraj Wealth Management Pvt Ltd we have expertise we would like to share with you during this seminar. This seminar will take only one hour of your time

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Employee Retention Strategy

  1. 1. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com
  2. 2.  Key challenge is to retain loyal & productive employee esp. in small & medium size companies  Idea is to identify & reward the bunch of employees who are crucial to the success of any organization in long run. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com
  3. 3.  As per study conducted by a leading HR consultant employee replacement cost varies between 70% to 200% of annual salary of an employee  If he joins competitor then cost is extra ordinary & recurring in nature. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com
  4. 4. Bonuses, incentives, cash rewards , foreign trips, laptops, latest gadgets don’t give lasting solutions. Idea is to go beyond the routine stuff & give new ideas a chance. Social security in form of pension is very powerful idea. It induces is deep level of loyalty and sincerity among employees. They will be far more serious and committed if they are given post retirement benefits. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com
  5. 5.  Investment will be made by employer towards employee retirement provided employee stays over there till the contract term(5 years 10 years) is completed .  Employee will not get this amount if he leaves mid-way.  Employee can also contribute separately in his retirement ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com
  6. 6.  Employee can get money in pension fund once block of five years is completed. Then after, it will be transferred in employee account but with a caveat that it will be used exclusively for retirement age i.e. at 60 years .in case of medical emergency employer can however release the fund but not before 50 if employee is surviving.  Once contract for five year is over another contract is signed again with revised terms between an employer and an employee.  Transferred Fund can be managed by third party like swaraj retirement solutions or NATIONAL PENSION SCHEME (NPS).  Employer can offer both fixed return or variable returns.  Idea is delayed gratification. It is for both employer & employee. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com
  7. 7.  A diversified portfolio of quality mutual fund schemes comprising of equity & debt instruments is created for the employer.(single portfolio will be easier to manage than multiple portfolios)  Research, execution, tracking & rebalancing of schemes time to time will be provided by swaraj retirement solutions so that handsome returns are generated on group pension fund. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com
  8. 8.  In addition to above fund management expertise we shall be also be providing all necessary legal frame work for working of group pension fund, data management on each & every contribution ,liability reports to the employers, valuation reports, facility for bullet payments, withdrawals and several acknowledgements to both employer as well as employee.  Shortfall etc. All this is managed by our unique state of the software.  Access to financial planning services of the Company will be added advantage to both employee as well as employer. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com
  9. 9. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com Age 30 Contribution Per month Corpus after Term Corpus at 60 Pension beginning at 60 Rounded figure after deducting expenses Term 10 5000 `10,07,288 `67,76,529 For 10 years `80,000 Term 15 5000 `20,08,106 `83,88,357 For 15 years `80,000 Term20 5000 `36,19,933 `93,89,175 For 20 years `80,000 Term 25 5000 `62,15,798 `1,00,10,604 For 20 years `83,000 Term 25 5000 `1,03,96,463 `1,03,96,463 For 20 years `87,000
  10. 10. Age 35 Contribution Per month Corpus after Term Corpus at 60 Pension beginning at 60 Rounded figure after deducting expenses Term 10 5000 `10,07,288 `42,07,692 For 10 years `50,000 Term 15 5000 `20,08,106 `52,08,510 For 15 years `50,000 Term20 5000 `36,19,933 `58,29,939 For 20 years `50,000 Term 25 5000 `62,15,798 `62,15,798 For 20 years `53,000 ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com
  11. 11. Age 40 Contribution Per month Corpus after Term Corpus at 60 Pension beginning at 60 Rounded figure after deducting expenses Term 10 5000 `10,07,288 `26,12,645 For 10 years `30,000 Term 15 5000 `20,08,106 `32,34,074 For 15 years `30,000 Term20 5000 `36,19,933 `36,19,933 For 20 years `30,000 Term 10 5000 `10,07,288 `16,22,247 For 10 years `20,000 Term 15 5000 `20,08,106 `20,08,106 For 15 years `20,000 Term 10 5000 `1,00,72,88 `10,07,288 For 10 years `12,000 ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com Age 45 Age 50
  12. 12. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com
  13. 13. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com
  14. 14. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com Housing.com CEO Rahul Yadav while making the Rs 200 crore announcement for distribution among employees
  15. 15. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com Snap deal plans to infuse fresh 4 % share capital for ESOP, taking total tally to 10%( it means roughly 500 crores to be distributed among key employees)
  16. 16. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com  Did You Know? Infosys Technologies Has Bought The World's Largest Life Insurance Policy For A Sum Assured Of Around Rs. 6000 Crore With A Premium Of Around Rs. 3 Crore.  Did You Know? BSNL Has Bought The Biggest Corporate Life Insurance Policy In The World For 3.5 Lakh Employees And A S.A. Of Rs. 4,770 Crore.
  17. 17. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com  Share a lemon (Pension Contribution) with your employees
  18. 18. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com  And enjoy the whole tree of benefits for many many years
  19. 19. ceo@retirementontrack.com cmd@retirementontrack.comwww.retirementontrack.com

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