Professional Documents
Culture Documents
Challenge
Semester V
T. Y. B. M. S.
Sydenham College of Commerce
and Economics
Employee Retention :
It is a process in which the employees
are encouraged to remain with the
organization for the maximum period
of time or until the completion of the
project. Employee retention is
beneficial for the organization as well
as the employee.
R –EMUNERATE COMPETITIVELY
E -NCOURAGEMENT AND EXPECTATIONS
T – RAINING AND DEVELOPMENT
A -NNUAL REVIEW CYCLES
I - NFORM AND INVOLVE
N -URTURE
Attrition:
Talent mgmt
not to be
included
instead of
TM MIS in
HRM
Specific – Detailed and clear.
Measurable – Quantity and unit of
measure stated.
Attainable – Can be performed by the
team member.
Results-Oriented – An output is
produced, not an activity.
Time-Framed – Completed by a definite
time.
Hire the Right People
Take the time to do it right (plan!)
Determine desired competencies, job skills
and characteristics
Utilize behavior based interviewing
techniques
Train staff in hiring procedures
Assess new employees during probation
period
Retention factors
Rank Retention Items
4 Great people
6 Good boss
12 Inspiring leadership
15 Location
Don’t look at attrition merely as a statistic. Read the story behind the
numbers
Equip front line and first time managers to manage talent related issues