employee retention 5
TRANSCRIPT
-
8/6/2019 Employee Retention 5
1/16
-
8/6/2019 Employee Retention 5
2/16
Employee retention is a systematic effort by employers tocreate and foster an environment that encourages currentemployees to remain employed by having policies and
practices in place that address their diverse needs
Workforce planning for Wisconsin State Government
-
8/6/2019 Employee Retention 5
3/16
C ultural C onflictWork EnvironmentC ommutingLack of AppreciationLack of Organizational Support
Lack of C
areer Progress
-
8/6/2019 Employee Retention 5
4/16
R ewards and R ecognitionC lear Business Goals
Growth OpportunityWell Defined JobsStrong C ommunication
Excellent Leadership of management Team
-
8/6/2019 Employee Retention 5
5/16
Cost Of Employee Turnover
Knowledge Sharing
Employee Relationship
-
8/6/2019 Employee Retention 5
6/16
S.No Factor Description
1. Location The relative distance and amount of time an employee hasto spend commuting to and from work .
2. Compensation The amount of money paid to an employee and thebenefits
3. The Job Itself The actual responsibilities an employee has in a specific job.
4. Reputation The reputation of the organization as written in variouspublications, opinions shared by employees and analysts
within the industry .5. Career Development The ability for one to advance within the organization
given high performance and interests
6. Job Security The relatively low risk associated with working at theorganization
7. OrganizationalCulture
The way the organization conducts business and themanner in which employees are treated
-
8/6/2019 Employee Retention 5
7/16
S.No
Factor Description
8 . Challenge The organization challenges its employees to performwith more efficiency
9. Training andDevelopment The amount and type of training and developmentopportunities provided available to employees
10. Empowerment Employees are empowered to make decisions affectingtheir work to a relatively high degree .
11. Attractive Benefits The quality of the coverage offered and a relatively lowpremium for the benefits .
-
8/6/2019 Employee Retention 5
8/16
I. Human Resource factorsThey are an integral part of human resources management
philosophy, policies and practices of an organizationP erson Organization Fit - C onvergent goals and values
between individual and the organization as an importantelement in an individual willingness to cooperate in anorganization .C ompensationCh allenging Assignments
-
8/6/2019 Employee Retention 5
9/16
II. Organizational FactorsR etention is influenced by several factors that are internal to anorganization .
L eaders h ipProviding directionEnsuring AlignmentBuilding C ommitment
Developing adaptive C apacityC ultureC ommunication and C onsultationTeam Working
-
8/6/2019 Employee Retention 5
10/16
I t measure an individuals thoughts about
leaving the organization .
Organizational C ommitment
Availability of EmploymentDemograp h ic Factors
-
8/6/2019 Employee Retention 5
11/16
Attractive C ompensationFlexible Fringe Benefits
Strategic C ompensationSound Recognition P rogrammers
Employee of the month awardBest employee of the year awardBest sportsmanStar performer award
P ersonal Development plans
-
8/6/2019 Employee Retention 5
12/16
Sound Socialization P ractices
Quality of Work L ife P rogrammersM aternity benefit and childcareFlexi - work Stress coping programmersPersonal and professional counseling
-
8/6/2019 Employee Retention 5
13/16
A Good Manager:H ealthy Workplace
Enriches and enlivensan employees work
Talent management
Develops a culture of loyalty
-
8/6/2019 Employee Retention 5
14/16
Manager role in employee retention strategyC reating motivating environment
Standing up for the TeamProviding coachingDelegation
Extra R esponsibilityFocus on future career
-
8/6/2019 Employee Retention 5
15/16
-
8/6/2019 Employee Retention 5
16/16
Thank You