EMPLOYEE

RETENTION
Presented by :

KARTHIGHA S.
SUBHAPRADHA K.D.
PAVYAA J.K.
VISHNUPRIYA J.S.
NAGANADHINI A.B.
NAGALAKSHMI N.E.
EMPLOYEE RETENTION
Employee retention 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.
What is employee retention
 Environment

Relationship

Support

5 THINGS INVOLVED IN EMPLOYEE

RETENTION
 Employee retention strategy
 
Right people (Hire).
Employee empowerment.
Employee being the most valuable asset.
Believe In Your Employees.
Provide them information and knowledge.
Feedback on their performance.
Recognize and appreciate.
Keep their morale high.
Create a “Healthy environment”.
These practices can be categorized in 3 levels:

Low Level Employee Retention Strategies

Medium Level Strategies for Employee
Retention
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
Retention process
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.
continuation
Top 7 Ways to Improve Employee Retention and Reduce Employee
Turnover example cisco ,LG and DLF

Hire the best and avoid the rest.

Orientation program for new employees.
Provide flexible work place.
Learning new skills and advancing their career is just
as important as the money they make.
Early warning detection system
Look for triggers.
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 organization worth
 Why is a Good Manager Important?

A Good Manager:
Healthy Workplace
Enriches and enlivens an
employee’s work
Talent management
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
Attrition rate in top IT firms rises
substantially
India’s top 4 IT companies have seen a
consistent rise in the attrition rates as
compared to the data of last quarter to the
same period last year.
RISING ATTRITION LEVELS
            
  Q1 2010        Q1 2009

TCS       13.1                11%

Infosys  15.8              11.1%

Wipro    15.8               9.8%

HCL      15.7              13%

REASONS FOR ATTRITION
ODD WORKING HOURS
HIGHER STUDIES
WORK ENVIRONMENT
JOB DISSATISFACTION
LOW GROWTH OF THE COMPANY
BETTER OPPORTUNITIES OUTSIDE
 The success or failure of an
organization is increasingly
determined by its ability to keep
its best people.