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Presented by :- Ramkrishna Rajput

We cant stop employee from

leaving unless we have a plan to


make them stay

W H AT I S E M P L OY E E RETENTION
Employee Retention is process in which the
employee are encouraged to remain with 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.

W H A T M A K E S E M P L OY E E L E AV E ? Job is not what employee expected.

No growth opportunities.
Lack of appreciation.

Lack of trust and support


Stress from overwork. Compensation. New job offer.

I M P O RTA N C E O F E M P L OY E E RETENTION
The cost of Turnover. Loss of company knowledge.

Interruption of customer services.


Turnover leads to more turnover. Goodwill of company. Regaining Efficiency.

E M P L OY E E R E T E N T I O N I N VO LV E S F I V E M A J O R T H I N G S . 1. COMPENSATION 2. ENVIRONMENT

3. GROWTH
4. RETATIONSHIP 5. SUPPORT

COMPENSATION
Bonus Health Insurance

After Retirement
Miscellaneous compensation

Remind your employee the benefit they get.

ENVIRONMENT
1. Learning Environment :- Certification for higher
studies. 2. Supportive Environment : - Flexible hrs. dependent care vacation alternate work schedules. 3. Work Environment :- Efficient manager supportive co-worker, challenging work, involvement in decision making, clarity of work and responsibilities and recognition.

GROWTH
1.Work Profile. 2. Personal Growth.

3. Training and development

RELATIONSHIP
1. Relationship with immediate manager. 2. Relationship with colleagues.

3. Promote an employee based culture.

SUPPORT
1. Providing feedback. 2. Recognition and reward.

3. Counseling.
4. Providing Emotional Support.

EMPLOYEE RETENTION STRATEGIES


1. Make wiser choices when hiring employee. 2. Communicate effectively with your employee.

3. Empower the employee.


4. Make them realize they are valuable for organization.

5. Have Faith in them , trust & respect them.

6. Provide information & knowledge. 7. Give feedback on performance. 8. Recognize & appreciate their achievement.

TO P 1 5 D R I V E R TO R E TA I N T H E I R E M P L OY E E .
1. Exciting work & challenge. 2. Career growth Learning & Development.

3. Working with great people & Relationship.


4. Fair Pay 5. Supportive management /great boss.

6. Being Recognized , valued & Respected. 7. Benefit

8. Meaningful work making a difference &


contribution. 9. Pride in organization its mission and product. 10. Great work environment & Great culture.

11. Flexibility 12. Autonomy, Creativity and a sense of control.

13. Job security & Stability


14. Location 15. Diverse changing work assignment.

ORGANIZATION CULTURE MUST B E T O R E TA I N T H E I R E M P L OY E E


Leadership

Justness

Commitment

Organization culture
Adaptability Employee Engagement

Learning

Inform

Reporting

MANAGER ROLE IN RETENTION


1. Creating a motivating environment. 2. Standing up for the team.

3. Providing coaching.
4. Delegation. 5. Extra Responsibility.

BUT DONT FORGET: What you Get Reliability Enthusiasm Cooperation

W H A T E M P L OY E E WA N T
MAINTAINERS : Working condition Company policies

Job Security
Pay and benefits Relationship with co-worker

Supervision
Status

MOTIVATION
Achievement
Recognition Satisfying work

Responsibity
Advancement Growth Good Wages Interesting work

Promotion and growth in the organization. Personal Growth in the organization.

Personal loyalty to employees.


Good working condition. Tactful discipline.

C AU S E S O F E M P L OY E E D E M OT I VA T I O N : Lack of appreciation Too much work Lack of clarity in work Favoritism Mistrust

Miscommunication

H R . D E P T. RO L E I N RETENTION
1. Give infrastructure facilities to ensure that employee give their best.

They can make employee friendly policies


process in procedure to ensure that employee grow in organization.

They can appreciate employee work.

They can ensure proper communication process take place and make sure that employee are heard.

They can give regular feed back and


Recognition. They can give training to boss if his

management is not good.

CONCLUSION : The process of retention is not easy as it seems. There are so many tactics and strategies used in

retention of employee by the organization.


The basic purpose of these strategies is to increase employee satisfaction boost employee

moral hence achieve retention.

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