Professional Documents
Culture Documents
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
No growth opportunities.
Lack of appreciation.
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.
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
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.
RELATIONSHIP
1. Relationship with immediate manager. 2. Relationship with colleagues.
SUPPORT
1. Providing feedback. 2. Recognition and reward.
3. Counseling.
4. Providing Emotional Support.
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.
Justness
Commitment
Organization culture
Adaptability Employee Engagement
Learning
Inform
Reporting
3. Providing coaching.
4. Delegation. 5. Extra Responsibility.
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
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 ensure proper communication process take place and make sure that employee are heard.
CONCLUSION : The process of retention is not easy as it seems. There are so many tactics and strategies used in