Presented by, SOWMYA C.U.

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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.

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³ We cant stop employees from leaving unless we have a plan to make them stay!´ .

Employer-employee relation is like a ³marriage´. Retention process is related to successful marriage .

You need 2 convince the person as what your company is having that others are not having. hw you are different from other boys/girls.` You need 2 convince your partner. ` ` ` . What type of future that person will get if he/she decides 2 marry you. What is your competitive edge? What type of future or growth that person will get if he decides 2 join ur company.

New job offers.` ` ` ` ` No growth opportunities Lack of appreciation. . Lack of trust and support. Stress from overwork.

Top 3 reasons why talent says ³I quit´  Dissatisfaction with superiors  Inadequate compensation and benefits  Lack of career development opportunities .

3.Information that you provide to him. 4.Way u welcome ur new employee.Which senior mgrs interact with him. 2.The way his team-members treat him.1. .

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` ` ` ` . After retirement. Miscellaneous compensation. Health insurance.` Bonus. Remind your employees the benefits they get.

alternate work schedules.supportive environment flexible hrs. 3. 2. vacations. involvement in decision making. dependent care. clarity of work and responsibilities and recognition.1.work environment Efficient managers. . supportive co-workers. challenging work.Learning environment certifications n provisions 4 higher studies.

. 4.Counseling.Providing emotional support. 2. 3.1.Recognition and rewards.Providing feedback.

Training and development .Work profile 2.Personal growth 3.1.

1.Relationship with immediate manager 2.Promote an employee based culture .Relationship with colleagues 3.

.Com Poll Good coaching from and interaction with my boss Good com ensation and benefits package Opportunity to learn new skills Just can't seem to get motivated enough to leave . American Psychological Association Survey About. interesting work ission of the company Talent and vision of company management team 36% 18% 8% 8% 7% 6% 5% 3% 3% 2% .. rewarding.While managers predicted the most important motivational aspect of work for people would be money. Recognition for a job well done Like my coworkers Respectful treatment Challenging. personal time and attention from the manager was cited by employees as most rewarding for them at work.

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Retaining old employees provide a learning culture for the new hires. . Talented people are always in demand. Retention helps create goodwill of the organization in the market.retention is important because: To make good people stick in the organization. The old employees have knowledge of the processes of the organization and their valuable experience. It brings stability to the organization. Continuously hiring new employees and loosing the old employees is the worst that can happen to an organization. It¶s always good to have trustworthy old employees in the organization.

standing up for the team 3.delegation .creating a motivating environment 2.1.extra responsibility .providing coaching 4.

4. 6.1. They can give training to boss. . processes n procedures 2 ensure that employees grow in organization. 2. if his mgmt style is not good. They can ensure proper communication process takes place and make sure that employees are heard. facilities to ensure that employees give their best. They can make employee friendly policies. They can give regular feedback and recognition. They can appreciate employees work. Gives infrastructure. . 3.

trust & respect them. Have faith in them . Empower the employees. Give feedback on performance. Recognize & appreciate their achievements. ` ` ` ` ` ` ` .` Make Wiser Choices when Hiring Employees. Provide Information & knowledge. Communicate Effectively With Your Employees. Make them realize that they are valuable for Organization.

Loss of company knowledge. ` ` ` .` The cost of turnover. Goodwill of Company. Interruption of customer services.

` The process of retention is not as easy as it seems. ` ` . There are so many tactics and strategies used in retention of employees by the organizations. boost employee morale hence achieve retention. The basic purpose of these strategies is to increase employee satisfaction.

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