HR Strategies; Human Resource

Retention Strategies

By : Pankaj kujur
MBA 3rd Semester
Strategy : a plan designed to achieve a long-term
aim.
(oxford dictionary)

HR Strategy : it a direction and scope of an

organization over long-term, matching its resources
to its changing environment and in particular its
markets, customers, so as to meet consumer’s
expectations.
Strategy is primarily concerned with :

• Scope of an organization’s activities

• Matching the activities of an organization to
that environment in which it operates
• The values and expectations of consumers
• Long-term direction
 Levels of strategy
1. Corporate level
-- overall scope of an organization
-- how to run in structural and financial terms
-- how resources are allocated to different
operations
2. Competitive or business strategy
-- how to compete in a market
-- which products or services should be
developed and offered to which markets
-- does it achieve the objective of the
organization, viz., long-term profitability,
market growth and efficiency
3. Operational strategies
-- these are adopted at the functional level and
the success at the functional or operational
level ultimately enables an organization to
achieve the corporate level and competitive
strategies
Employee retention stra
Employee retention strategies
tegies
• Employee retention is a process in which the
employees are encouraged to remain with the
organization for the maximum period of time
or until the completion of the project
Compensation
• Salary and monthly wages
- basic wage
- house rent allowance
- dearness allowance
- bonus
- economic benefits
- health insurance
- after retirement
Environment
• Appreciation for the work done
• Ample opportunities to grow
• Friendly and cooperative environment
• Learning environment
• Support environment
• Transparent work culture
• Feeling that the organization is second home
to the employee
Growth
• Work profile

• Personal growth and dreams

• Training and development

Support
• By providing feedback

• By giving recognition and reward

• By providing emotional support

 Conclusion

“Take away my people, but leave my factories, and

soon grass will grow on the factory floors. Take away
my factories, but leave my people, and soon we will
have a new and better factory”
Andrew Carnegie
 References
• Human resource planning
by: Dipak Kumar Bhattacharyya
• www.retention.naukrihub.com