Retention Policies of

Madhu Sanap Amit Shedage Kiran Ippar Ravi Pachare Satish Rajeardad Vaibhav Chaware Gaurishankar Banchhode Laxmikant Walse

Retention:
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Presentation Maintenance Withholding Custody

Middle and junior management employee that leave jobs when it comes to compensation. Most of the young candidate expert states that salary is not the key motivator but job role is of top priority

It cost less to retain an employee than to replace As per American management association cost of replacing employee= 30% of his salary

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In equity; in compensation. Limited carrier opportunity. Role stagnation Therefore it is very challenging task for HR expert to cope up with the situation and to retain employee with an organization.

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Talent cost. Training cost. Motivation cost. Lost productivity cost. Recruitment cost.

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This year manufacturing industry is expected to offer salary increase of 16% a percentage point more than 15% that in IT and BPO 13% from insurance industry. Signing bonus to new employees. Tax benefits. It provide excellent work environment. Allowance, travel assistance, medical benefits.

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Giving extra responsibility. Arranging events on career opportunities and quality improvement programmes. Sports activities and family get together. Birthday celebration of children of employees. Meal vouchers free from Fringe Benefits tax

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Open line of communication between employee and manager. Informal day to day policy discussion. Mutual respect and enhanced relationship. Offering Yoga instructions wellness of body and mind spirit. Subscription for books and magazine and giving concession on theatre tickets.

Manager should follow participative leadership rather than autocratic leadership style. To retain top performing employees is better than to remove them.

Thank You !!!