This document summarizes a comparative study of employee retention at HCL. It defines employee retention as encouraging employees to remain with an organization for as long as possible. The objectives are to understand how leadership style, compensation, participation and feedback impact retention. Common reasons employees leave include lack of growth, appreciation, trust and work-life balance issues. Strategies for retention include hiring the right people, empowering and trusting employees, recognizing achievements, and providing feedback. The document provides an overview of HCL, describing its size, locations and founder. The author conducted interviews and surveys with HR and department heads at HCL. Suggestions for improving retention focus on boosting morale, creating an enjoyable work environment and empowering employees.
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This document summarizes a comparative study of employee retention at HCL. It defines employee retention as encouraging employees to remain with an organization for as long as possible. The objectives are to understand how leadership style, compensation, participation and feedback impact retention. Common reasons employees leave include lack of growth, appreciation, trust and work-life balance issues. Strategies for retention include hiring the right people, empowering and trusting employees, recognizing achievements, and providing feedback. The document provides an overview of HCL, describing its size, locations and founder. The author conducted interviews and surveys with HR and department heads at HCL. Suggestions for improving retention focus on boosting morale, creating an enjoyable work environment and empowering employees.
This document summarizes a comparative study of employee retention at HCL. It defines employee retention as encouraging employees to remain with an organization for as long as possible. The objectives are to understand how leadership style, compensation, participation and feedback impact retention. Common reasons employees leave include lack of growth, appreciation, trust and work-life balance issues. Strategies for retention include hiring the right people, empowering and trusting employees, recognizing achievements, and providing feedback. The document provides an overview of HCL, describing its size, locations and founder. The author conducted interviews and surveys with HR and department heads at HCL. Suggestions for improving retention focus on boosting morale, creating an enjoyable work environment and empowering employees.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
This document summarizes a comparative study of employee retention at HCL. It defines employee retention as encouraging employees to remain with an organization for as long as possible. The objectives are to understand how leadership style, compensation, participation and feedback impact retention. Common reasons employees leave include lack of growth, appreciation, trust and work-life balance issues. Strategies for retention include hiring the right people, empowering and trusting employees, recognizing achievements, and providing feedback. The document provides an overview of HCL, describing its size, locations and founder. The author conducted interviews and surveys with HR and department heads at HCL. Suggestions for improving retention focus on boosting morale, creating an enjoyable work environment and empowering employees.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
Presented By BHARAT DHURVE PGDHRM/09/017 OBJECTIVES OF STUDY To increase the understanding regarding employee’s retention in relation to leadership style, remuneration and elements such as participation, and feedback.
To increase development and work-atmosphere .
DEFINITION OF RETENTION 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. Employee retention is beneficial for the organization as well as the employee WHY EMPLOYEES LEAVE THE ORGANISATION No growth opportunities. Lack of appreciation. Lack of trust and support in coworkers, seniors and management Stress from overwork and work life imbalance. Compensation New job offer STRATEGIES FOR EMPLOYEE RETENTION Hire the right people in the first place. Empower the employees: Give the employees the authority to get things done. Make employees realize that they are the most valuable asset of the organization. Have faith in them, trust them and respect them. Provide them information and knowledge. Keep providing them feedback on their performance. Recognize and appreciate their achievements ORGANIZATION PROFILE OF HCL HCL established in 1976 HCL is a leading global Technology and IT Enterprise with annual revenues of US$ 4.9 billion. The HCL team comprises 55,000 professionals of diverse nationalities, operating across 18 countries including 360 points of presence in India. Shiv Nadar, Founder - HCL and Chairman & Chief Strategy Officer . WHAT I HAVE DONE Interaction with the H.R. people of the organizations. Interaction with the (head of department) HOD of the various departments. Questionnaires filled with the HOD (head of department). Visit to the company offices. SUGGESTIONS AND RECOMMENDATIONS To maintain the Retention process in the organization HCL need to focus on following area. A) Keep their morale high B) Create an environment where the employees want to work and have fun. C) Empower the employees: Give the employees the authority to get things done. THANK YOU