samsung employee retention

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Samsung Employee Retention Maged Elsakka

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Samsung Employee Retention

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Page 1: Samsung Employee Retention

Samsung Employee Retention

Maged Elsakka

Page 2: Samsung Employee Retention

SamsungSamsung Samsung has a powerful influence on South Korea's economic

development, politics, media and culture, and has been a major driving force behind the "Miracle on the Han River".  Its affiliate companies produce around a fifth of South Korea's total exports. Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP.

At Samsung, we are permanently committed to creating a truly global leadership culture

that is as diverse and vibrant as the markets we serve, and the products we make.

Only with our unique breadth and massive global reach can our people bring joy to people

through phones, media & entertainment. Or, with our Smart School Solutions and growing range of portable

medical devices, improve lives by spreading education and healthcare to the parts of our

global civilization that need it most.

Page 3: Samsung Employee Retention

SamsungSamsung With our endless ability to predict the next big wave (and create a

few of our own), joining Samsung Electronics will put you in touch with the future – and keep your career at the cutting edge of tomorrow's technology.

We are looking for outstanding global talents and future leaders, who are welcome and vital for us as we grow and evolve into a truly Global enterprise. We are on the cusp of the next chapter of our history. So join us. And make a real contribution to shaping our future, and bringing the next big thing to life.

Page 4: Samsung Employee Retention

What is employee retention What is employee retention

Page 5: Samsung Employee Retention

employee retention strategyemployee retention strategy  1. Right people (Hire). 2. Employee empowerment. 3. Employee being the most valuable asset. 4. Believe In Your Employees. 5. Provide them information and knowledge. 6. Feedback on their performance. 7. Recognize and appreciate. 8. Keep their morale high. 9. Create a “Healthy environment”.

Page 6: Samsung Employee Retention

these practices can be these practices can be categorized in 3 levels:categorized in 3 levels:

1) Low Level Employee Retention Strategies2) Medium Level Strategies for Employee Retention3) High Level Strategies

Page 7: Samsung Employee Retention

present secanrio of employee present secanrio of employee retention strategyretention strategy

Leaving of an organization for more pay.Incentives can increase productivity.Running away from responsibilities.Measures to increase employee

satisfaction will be expensive

Page 8: Samsung Employee Retention

This are the results Cont…

Managers’ poor supervision

Lack of growth potential.

Lack of recognitionDo not enjoy their job

Inadequate payJob is not challengingOverworkWork and life in-balance

Reasons Why employees leaveReasons Why employees leave

Page 9: Samsung Employee Retention

Retention pRocessRetention pRocess

Page 10: Samsung Employee Retention

and the Result of good Retention and the Result of good Retention pRocess is like thispRocess is like this

Page 11: Samsung Employee Retention

foR that theRe aRe some Retention foR that theRe aRe some Retention success mantRassuccess mantRas

This are the key area And the result is like this

Transparent Work Culture Quality of Work Supporting Employees Give empowerment

Page 12: Samsung Employee Retention

hoW to manage employee Retention hoW to manage employee Retention

This is the three stage process And follow this process

Identify the cost of employee turnover.

Understand why employee leave.(exit interview).

Implement retention strategies.

Page 13: Samsung Employee Retention

hoW to Retain employee hoW to Retain employee

Top talent wants to work for the top companies.

Build it and they will come.

Recognize and reward over and over again.

Don't take them for granted.

Know what their competitor does.

Page 14: Samsung Employee Retention

continuationcontinuation

Page 15: Samsung Employee Retention

Top 7 Ways To Improve employee reTenTIon Top 7 Ways To Improve employee reTenTIon and reduce employee Turnover example and reduce employee Turnover example

cIsco ,lG and dlFcIsco ,lG and dlF

1. Hire the best and avoid the rest.

2. Orientation program for new employees.

3. Provide flexible work place.

4. Learning new skills and advancing their career is just as important as the money they make.

5. Early warning detection system

6. Look for triggers.

7. Identify and weed out poor managers.

Page 16: Samsung Employee Retention

HoW To creaTe a WInnInG HoW To creaTe a WInnInG employee reTenTIon sTraTeGy? employee reTenTIon sTraTeGy?

Performance. Communication. LoyaltyCompetitive

advantage.

Page 17: Samsung Employee Retention

HoW To reduce employee TurnoverHoW To reduce employee Turnover

Extract DIAMONDS among the stones

Giving a finishing touch to your Diamond

Compensation package for those who make your organisation worth

Page 18: Samsung Employee Retention

WHy Is a Good manaGer WHy Is a Good manaGer ImporTanT?ImporTanT?

A Good Manager:

1. Healthy Workplace

2. Enriches and enlivens an employee’s work

3. Talent management

4. Develops a culture of loyalty

Page 19: Samsung Employee Retention

manaGer role In employee manaGer role In employee reTenTIon sTraTeGyreTenTIon sTraTeGy

Creating motivating environment

Standing up for the Team

Providing coaching Delegation Extra Responsibility Focus on future

career

Page 20: Samsung Employee Retention

manaGer’s role In employee manaGer’s role In employee reTenTIonreTenTIon

Retention◦ keeping desirable employees

Attrition◦ loss of personnel

Career Planning◦ bottom-up view of right people in right place

Succession Planning◦ top-down view of right people in right place

Page 21: Samsung Employee Retention

Samsung Samsung Retention

The resignation rate is 5% for Korea-based employees and 15.6% for overseas employees. Samsung Electronicsactively analyzes the factors behind employee turnover and reflects these findings in its HR managementpolicies. We also operate a career development center to help retiring employees find new jobs or start new Business .

Page 22: Samsung Employee Retention

Reasons Given for Resignations:

Samsung Samsung Retention

Page 23: Samsung Employee Retention

Labor and Human RightsSamsung Electronics abides by all labor and human rights laws in each

region it operates and strictly enforces

a ban on child labor, forced labor and workplace discrimination, in

accordance with articles 4, 6 and

16 of the company’s rules of employment. In addition, we strictly abide by

the 24 ILO conventions ratified by

the South Korean government. Samsung Electronics believes that mutually

beneficial development through

collaboration should be the basis of its labor relations management. The

company operates a Management-

Labor Council that inspects overseas operation sites and utilizes other

communication channels to monitor

Page 24: Samsung Employee Retention

Capacity Development :Capacity Development :

Page 25: Samsung Employee Retention

Samsung Samsung Remuneration

Wage by RegionSamsung Electronics is complying with minimum wage laws in all countries. It pays up to three-times the

minimum salary in regions in order to help improve the welfare and quality of life of its employees.

Page 26: Samsung Employee Retention

Employee Injury ManagementAlthough the rate of employee injuries increased in 2011 compared to 2010, 68% of injuries occurred during sports activities conducted at company social events. Samsung Electronics has since published a safety guideline and implemented a program to raise awareness of the importance of stretching and other exercisesto prevent injuries in non-industrial activities.We are also conducting regularly scheduled health and safety trainings on a wide range of issues, including industrial safety and employee health management.

Page 27: Samsung Employee Retention