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  • Presentation On Employee Retention

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    The document presents on employee retention. It discusses why companies focus on retention to reduce costs of new hiring, maintain productivity and talent, and prevent loss of important information. It suggests that retention requires attracting, managing and nurturing talent by creating an environment where employees can grow and unleashing their potential. The document then provides strategies for retention like care, concern, competitive salaries, incentives, growth opportunities, understanding employees, and involving team members. It notes the main cause of high turnover is exciting new opportunities and meaningful work. The conclusion is that beyond retention, companies need to create entrepreneurial environments for talent to innovate.

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    The document presents on employee retention. It discusses why companies focus on retention to reduce costs of new hiring, maintain productivity and talent, and prevent loss of important information. It suggests that retention requires attracting, managing and nurturing talent by creating an environment where employees can grow and unleashing their potential. The document then provides strategies for retention like care, concern, competitive salaries, incentives, growth opportunities, understanding employees, and involving team members. It notes the main cause of high turnover is exciting new opportunities and meaningful work. The conclusion is that beyond retention, companies need to create entrepreneurial environments for talent to innovate.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    Download as ppt, pdf, or txt
    16 views13 pages

    Presentation On Employee Retention

    Uploaded by

    kumarlav
    The document presents on employee retention. It discusses why companies focus on retention to reduce costs of new hiring, maintain productivity and talent, and prevent loss of important information. It suggests that retention requires attracting, managing and nurturing talent by creating an environment where employees can grow and unleashing their potential. The document then provides strategies for retention like care, concern, competitive salaries, incentives, growth opportunities, understanding employees, and involving team members. It notes the main cause of high turnover is exciting new opportunities and meaningful work. The conclusion is that beyond retention, companies need to create entrepreneurial environments for talent to innovate.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 13

    PRESENTATION

    ON EMPLOYEE
    RETENTION
    PRESENTED BY:-
    MANSI
    HARSH
    ARUN
    ANKIT
    SANDEEP
    “A COMPANY IS
    KNOWN BY THE
    PEOPLE IT KEEPS”
    WHY A COMPANY FOCUS ON
    EMPLOYEE RETENTION

     NEW EMPLOYEE HIRING COST

     TO KEEP PRODUCTIVITY MAINTAINED

     TO RETAIN POTENTIAL TALENT

     TO RESCUE FROM THE LEAKAGE OF IMPORTANT


    INFORMATION

     TO MAINTAIN GOOD INTERNAL RELATIONSHIP


    Employee Retention requires organizations to
    attract, manage and nurture talent. This calls
    for pro-active measures on three fronts:--

     Organizations will have to create an ambience


    where talent can bloom.

     They have to put in place systems that will


    help unleash the potential of their employees

     They have to build a reward and recognition


    mechanism that provides value for people.
    HOW TO RETAIN EMPLOYEES

     CARE & CONCERN

     COMPETITIVE SALARIES

     INCREASE SALARIES IN A SPECIFIED TIME

     EMPLOYEE SATISFACTION

     NEW CHALLENGING JOBS ARE ADDED

     MONETARY & NON MONETORY INCENTIVES


    CONT…..

     BETTER OPPORTUNITIES FOR GROWTH

     INTERRACTION BETWEEN EMPLOYEE WITH HIS


    SUPERIOR , PEERS & SUBORDINATES

     TO MOTIVATE

     BY KEEPING INTEREST IN THE ACTIVITY

     UNDERSTANDING EMPLOYEE
    SUPERVISOR SKILL
    EXECUTIVE
    &
    SUPPORT ACCOUNTABILITY

    A HIGH
    RETENTION
    ORGANISATIN

    TEAM MEMBER
    INVOLVEMENT
    STRATEGY FOR
    EMPLOYEE RETENTION
     EXECUTIVES UNDERSTAND THE IMPACT OF TURNOVER &
    HOLD LEADERS ACCOUTABLE FOR RETENTION

     TRAIN LEADERS IN RETENTION COMPETENCIES

     INVOLVE TEAM MEMBERS IN REDUCING UNWANTED


    TURNOVER

     EDUCATE THE FRONT LINE ON THE VALUE OF A HIGH


    RETENTION ORGANIZATION

     UNCOVER PROBLEMS BEFORE THEY LEAD TO TURNOVER


    MAIN CAUSE OF HIGH TURNOVER

    Today’s dynamic market environment will


    give rise to lot many entrepreneurial
    opportunities, which will take away talent
    from even the best organizations. Thus the
    take home pay cheque will seize to be a
    major motivator. Exciting opportunities and
    meaningful work with a sense of fun will be
    the preferred choice for employees.
    ONE STEP BEYOND RETENTION

    Organizations will have to create


    small entrepreneurial islands, where
    they can house their best talents to
    pursue experiments, innovate,
    develop cutting edge products, dream
    up new and better ways of doing
    business and create value in an
    unrestricted manner.
    CONCLUSION
    QUERIES

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