Employee retention

OBJECTIVE OF THE STUDY

 To identify how retention strategy reduce
turnover.
 To know how to retain employee?
 To know how they feel engaged in the
organization?
 To know what are the manager role in
retention strategy?

Employee 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”.

These practices can be categorized
in 3 levels:

1) Low Level Employee Retention Strategies
2) Medium Level Strategies for Employee
Retention
3) High Level Strategies

Present secanrio of employee
retention strategy
 Leaving of an
organization for more
pay.
 Incentives can
increase productivity.
 Running away from
responsibilities.
 Measures to increase
employee satisfaction
will be expensive

Reasons Why Employees Leave

This are the results Cont…

 Managers’ poor  Inadequate pay
supervision
 Job is not challenging
 Lack of growth potential.
 Overwork
 Work and life in-balance
 Lack of recognition
 Do not enjoy their job

And the result of good retention
process is like this

FOR THAT THERE ARE SOME Retention
Success Mantras

This are the key area And the result is like this

 Transparent Work Culture
 Quality of Work
 Supporting Employees
 Give empowerment

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.

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.

Top 7 Ways to Improve Employee Retention and
Reduce Employee Turnover example cisco ,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.

How to Create a Winning Employee
Retention Strategy?

 Performance.
 Communication.
 Loyalty
 Competitive
advantage.

How 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

Why is a Good Manager
Important?
A Good Manager:
1. Healthy Workplace
2. Enriches and enlivens an
employee’s work
3. Talent management
4. Develops a culture of loyalty

Manager role in employee
retention strategy
 Creating motivating
environment
 Standing up for the
Team
 Providing coaching
 Delegation
 Extra Responsibility
 Focus on future
career

Manager’s role in eMployee
Retention
 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

Finally result of good retention
strategy

The success or failure of
an organization is
increasingly
determined by its ability
to keep its best people.

Employee retention

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