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  • Strategies For Retention of Employees

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    Ankit Joshi
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    The document outlines retention strategies to address four problems: 1) lack of leadership, which can be solved by creating a leadership model and democratic style with collaboration and information sharing; 2) recruiting and retention issues, which can be addressed through outsourcing recruiting temporarily and conducting surveys; 3) improving employee morale and commitment through career development, training, weekly conferences and a talent management program focusing on idea sharing; and 4) routine administrative problems, which can be solved by outsourcing administrative work like payroll and benefits to a third party.

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    Strategies for Retention of Employees

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    The document outlines retention strategies to address four problems: 1) lack of leadership, which can be solved by creating a leadership model and democratic style with collaboration and information sharing; 2) recruiting and retention issues, which can be addressed through outsourcing recruiting temporarily and conducting surveys; 3) improving employee morale and commitment through career development, training, weekly conferences and a talent management program focusing on idea sharing; and 4) routine administrative problems, which can be solved by outsourcing administrative work like payroll and benefits to a third party.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views4 pages

    Strategies For Retention of Employees

    Uploaded by

    Ankit Joshi
    The document outlines retention strategies to address four problems: 1) lack of leadership, which can be solved by creating a leadership model and democratic style with collaboration and information sharing; 2) recruiting and retention issues, which can be addressed through outsourcing recruiting temporarily and conducting surveys; 3) improving employee morale and commitment through career development, training, weekly conferences and a talent management program focusing on idea sharing; and 4) routine administrative problems, which can be solved by outsourcing administrative work like payroll and benefits to a third party.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 4

    Retention Strategies

    Problem 1 : Lack Of Leadership


    Create leadership model
    Specify goals and expected contributions from executives and
    managers

    Create a democratic leadership style


    Collaboration & Information Sharing
    Create an open and honest work force within the organization

    Information Sharing
    Involve employees and managers

    Retention Strategies
    Problem 2 : Recruiting and Retention

    Outsource recruiting function (short-term)


    Focus on long-term goals first
    Robinsons profession
    Pick-up later

    Retention:
    Conducting series of survey.
    Outsource the retention paperwork with detail requirement

    Retention Strategies
    Problem 3: Improving employee morale and commitment

    Career development (RBV)


    Training / presentation
    Weekly conference
    Memo form

    Talent management program

    Behavior perspective & cybernetic system in theory


    Focusing on idea sharing
    Information & technical support in the work
    Encourage self motivation

    Retention Strategies
    Problem 4: Routine Administrative Problems
    Outsource routine administrative work to 3rd party
    Common outsourced functions:

    Payroll
    401k plans
    Health and welfare benefits
    Background checking
    Defined benefit plans

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