employee retention 5

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    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

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    C ultural C onflictWork EnvironmentC ommutingLack of AppreciationLack of Organizational Support

    Lack of C

    areer Progress

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    R ewards and R ecognitionC lear Business Goals

    Growth OpportunityWell Defined JobsStrong C ommunication

    Excellent Leadership of management Team

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    Cost Of Employee Turnover

    Knowledge Sharing

    Employee Relationship

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    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

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    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 .

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    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

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    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

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    I t measure an individuals thoughts about

    leaving the organization .

    Organizational C ommitment

    Availability of EmploymentDemograp h ic Factors

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    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

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    Sound Socialization P ractices

    Quality of Work L ife P rogrammersM aternity benefit and childcareFlexi - work Stress coping programmersPersonal and professional counseling

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    A Good Manager:H ealthy Workplace

    Enriches and enlivensan employees work

    Talent management

    Develops a culture of loyalty

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    Manager role in employee retention strategyC reating motivating environment

    Standing up for the TeamProviding coachingDelegation

    Extra R esponsibilityFocus on future career

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    Thank You