employee retention (od)

14
Presented By: Ashwini veerabhadrappa

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Page 1: Employee retention (od)

Presented By:Ashwini

veerabhadrappa

Page 2: Employee retention (od)

What is employee retention

Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time. Employee retention is beneficial for the organization as well as the employee. 

Page 3: Employee retention (od)

reasons for employee attrition

If they are either unhappy with their job, or feel that they have not got enough from the company.

Monotonous tasksOdd working hoursLack of growth Perceived benefits from another

organizationPerceived benefit from personal businessFamily influenceMedical reasons

Page 4: Employee retention (od)

Present scenario of employee ATTRITION

Leaving of an organization for

more pay.

Running away from

responsibilities.

Measures to increase employee

satisfaction will be expensive

Page 5: Employee retention (od)

WHY RETENTION IS IMPORTANT

Hiring new employees requires good amount of time and money.

There is always a risk if the new employee selected will adjust to the new environment.

Resignations are quite infectious.

There is loss of knowledge

Relationship with customers is affected.

higher retention rate helps to build goodwill of the company

Page 6: Employee retention (od)

Retention Target Group

Let Go Re-Recruit

Don’t Care Take Care

TurnoverIntention

High

Low

Risk of Departure

Employee Value

HighLow

Page 7: Employee retention (od)

HOW TO MANAGE EMPLOYEE RETENTION

This is the three stage process Identify the cost of employee turnover. Understand why employee leave (exit

interview). Implement retention techniques.

Page 8: Employee retention (od)

EMPLOYEE RETENTION TECHNIQUES

Increase Employee Engagement

Motivate Employees

Implement a well-designed assessment and selection process

Recognition of Performance

Page 9: Employee retention (od)

Communicating with Employees

Focus On Team Building

Implement programs for employee training and development

Page 10: Employee retention (od)

Manager’s Role in Retention

Creating motivating environment

Standing up for the Team

Providing coaching

Delegation

Extra Responsibility

Focus on future career

Page 11: Employee retention (od)

Explain why.

Show that you care.

Listen before you speak. 

Say what you mean and mean what you say.

managers attitude

Page 12: Employee retention (od)

Be fair.

Engage and encourage people to come up

with their own solutions.

Promote this: "You have the right to disagree,

but you should never be disagreeable".

Page 13: Employee retention (od)

The success or failure of

an organization is

increasingly

determined by its ability

to keep its best people.

Page 14: Employee retention (od)