BIRLA INSTITUTE OF TECHNOLOGY

DEPARTMENT OF MANAGEMENT
SEMINAR OF HUMAN RESOURCE
MANAGEMENT
PRESENTED BY:
LALITA GUPTA – MBA/40007/19

DEVANSHI GARODIA – MBA/40010/19

DIPTI KUMARI – MBA/40011/19

RAKHI KUMARI – MBA/40012/19

SANJEEV KASHYAP – MBA/40014/19

 ROLE OF CAREER
DEVELOPMENT
IN RETAINING EMPLOYESS
 INTRODUCTION
HELP EMPLOYEES “GROW” OR WATCH EMPLOYEES “GO”

Career development refers Employee retention

to a set of programmes refers to the various
designed to match an policies and practices

and career goals with current∞

individual’s needs, abilities,

and future opportunities in

which let the employees
stick to an organization
for a longer period
the organization. of time.
IMPORTANCE OF CARRER DEVELOPMENT
COST REDUCTION STRATEGY - To facilitate succession
●

1. planning & development to ensure long-term growth

and success of the organisation

●
ECONOMIC DOWNSIZING - To Implement a
2. Talent Management system in the organisation.
●
IT INNOVATION– Continuous changes, Up-
3. gradation in technology and adopt new IT
Application

4. ●
DE-LAYERING – Reclassification of jobs to develop &
create a pool of talented people to successfully
executed the Business Strategies of the organisation
 COMPONENTS OF
EMPLOYEE RETENTION
 Better Recruiting from the Beginning

 Training your Managers to Foster Retention

 Measure and Support Engagement

 Show Recognition in Multiple Ways

 Frame the Long-Term Career Trajectory

“Career Development Strategies”
1. Open the door to conversations about careers.
2. Promote the idea of a career lattice
3. Evaluate Career development programs
4. Career development programs help employees sh
 CAREER DEVELOPMENT PROCESSES IN RETENTION
1. Performance Appraisal –
• An employee’s performance appraisal is a
key part of the process that affects both
retention and development.
• Career development goals becomes part
of a performance appraisal.
2. Benefits review –
• Increasing health care costs
• Availability of group health care benefits
• Compensation and benefits are fast

3. Motivation through Recognition -

• It includes acknowledging employees talent
• Demonstrates their aptitude and
potential

4. In-House Strength -
• Training and development offerings is a
key element in the process to improve
employee development and employee
retention.
Examples of some
Companies way of
Retaining
Employees.
PricewaterhouseCoopers  is a  multinational
professional
services  network of firms.
It is considered as one of the Big 4 accounting firms.
HOW PWC RETAIN EMPLOYEES?
They ask employees : CONVERSATION
Changing peoples experience and
trying new things.
Global leadership Development
Experience

HEADQUARTERS :
London, United Kingdom
 Over the last decade ,Netflix has rewritten
the rules in the cable, video rental and VOD
spaces. Disruption , you could say is in
their DNA .
 At Netflix, one subscription Multiple viewer
includes a wide variety of familiar network
shows and more original series , films ,
documentaries and specials than any of its
other competitors.
Ways how Netflix retain employees :-
 Take care to only hire “A” players
by focusing on character in the
hiring process
 Treat employees like adults
 Develop great managers
Whole Foods is the gold standard when comes to retention rates in the grocery business


A study led by graduate students at Johnson and wales University identified the



takeaways for retention of employees are:

1. Create a values-driven culture

2.  Empower your team in the decision making process

3. Let your employees be their true selves at work

 Amazon is the world’s largest online retailer. The company
was originally a book seller but has expanded to sell a wide
variety of consumer goods and digital media as well as its
own electronic devices, such as the kindle e-book reader,
kindle Fire tablet and Fire TV, a streaming Media adopter.

Amazon’s Retention Steps:-

1. Cultivate a culture of cooperation,

not mistrust

2. Don’t rely on Golden Handcuffs

 Integrated well- planned retention initiatives into your core
business strategy
• Their retention initiatives includes an in-depth training program
 Empower employees by offering support and security
• Employee empowerment is at the heart of all Hyatt’s training
and development initiatives.
• In addition to training employees on key skills, Hyatt empower
employees by treating them like family member.
 Develop and promote existing employees
• “ We are proud to say that many Hyatt leaders grew their
careers from entry-level roles with the company, and we support
opportunities for our colleagues to move between functions and
locations for professional and personal development,” Hyatt says.