HR Strategies; Human

Resource Retention
Strategies
By : Pankaj
kujur
MBA 3rd
Semester

Strategy : a plan designed to achieve a

long-term aim.
(oxford dictionary)

HR Strategy : it a direction and scope of an

organization over long-term, matching its
resources to its changing environment
and in particular its markets, customers,
so as to meet consumers expectations.

Strategy is primarily concerned with :

Scope of an organizations activities
Matching the activities of an
organization to that environment in
which it operates
The values and expectations of
consumers
Long-term direction

Levels of strategy
1. Corporate level
-- overall scope of an organization
-- how to run in structural and
financial terms
-- how resources are allocated to
different
operations

2. Competitive or business strategy

-- how to compete in a market
-- which products or services should
be developed and offered to which
markets
-- does it achieve the objective of
the organization, viz., long-term
profitability, market growth and
efficiency

3. Operational strategies
-- these are adopted at the functional
level and the success at the
functional or operational level
ultimately enables an organization to
achieve the corporate level and
competitive strategies

Employee retention
Employee retention strategies
strategies

 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

Compensation

 Salary and monthly wages

- basic wage
- house rent allowance
- dearness allowance
- bonus
- economic benefits
- health insurance
- after retirement

Environment

Appreciation for the work done

Ample opportunities to grow
Friendly and cooperative environment
Learning environment
Support environment
Transparent work culture
Feeling that the organization is
second home to the employee

Growth

 Work profile
Personal growth and dreams
Training and development

Support

 By providing feedback
By giving recognition and reward
By providing emotional support

Conclusion
Take away my people, but leave my
factories, and soon grass will grow on the
factory floors. Take away my factories, but
leave my people, and soon we will have a
new and better factory
Andrew Carnegie

References
Human resource planning
by: Dipak Kumar
Bhattacharyya
www.retention.naukrihub.com