OBJECTIVE OF THE STUDY 
  

To identify how retention strategy reduce turnover. To know how to retain employee? To know how they feel engaged in the organization? To know what are the manager role in retention strategy?

WHAT IS EMPLOYEE RETENTION .

EMPLOYEE RETENTION STRATEGY          1. 9. 7. 4. Create a ³Healthy environment´. 5. Right people (Hire). 6. 3. Believe In Your Employees. Employee being the most valuable asset. Keep their morale high. Provide them information and knowledge. Recognize and appreciate. Employee empowerment. 2. 8. Feedback on their performance. .

THESE PRACTICES CAN BE CATEGORIZED IN 3 LEVELS: 1) Low Level Employee Retention Strategies 2) Medium Level Strategies for Employee Retention 3) High Level Strategies .

PRESENT SECANRIO OF EMPLOYEE RETENTION STRATEGY ` ` ` ` Leaving of an organization for more pay. Running away from responsibilities. Measures to increase employee satisfaction will be expensive . Incentives can increase productivity.

REASONS WHY EMPLOYEES LEAVE This are the results ` ` Cont« ` ` ` ` Managers¶ poor supervision Lack of growth potential. Lack of recognition Do not enjoy their job Inadequate pay Job is not challenging Overwork Work and life inbalance ` ` .

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. . Implement retention strategies. Understand why employee leave.(exit interview).

Don't take them for granted. . Recognize and reward over and over again. Build it and they will come.HOW TO RETAIN EMPLOYEE      Top talent wants to work for the top companies. Know what their competitor does.

CONTINUATION .

. 2. 5. 3. Provide flexible work place. 6. 4. Identify and weed out poor managers. 7.TOP 7 WAYS TO IMPROVE EMPLOYEE RETENTION AND REDUCE EMPLOYEE TURNOVER EXAMPLE CISCO . Hire the best and avoid the rest. Early warning detection system Look for triggers.LG AND DLF 1. Learning new skills and advancing their career is just as important as the money they make. Orientation program for new employees.

Communication. . Loyalty Competitive advantage.HOW TO CREATE A WINNING EMPLOYEE RETENTION STRATEGY? ` ` ` ` Performance.

HOW TO REDUCE EMPLOYEE TURNOVER ` ` ` Extract DIAMONDS among the stones Giving a finishing touch to your Diamond Compensation package for those who make your organisation worth .

WHY IS A GOOD MANAGER IMPORTANT? A Good Manager: 1. Develops a culture of loyalty . Talent management 4. Healthy Workplace 2. Enriches and enlivens an employee¶s work 3.

MANAGER ROLE IN EMPLOYEE RETENTION STRATEGY       Creating motivating environment Standing up for the Team Providing coaching Delegation Extra Responsibility Focus on future career .

` ` ` ` MANAGERS ROLE IN EMPLOYEE RETENTION Retention ` ` ` ` keeping desirable employees loss of personnel bottom-up view of right people in right place top-down view of right people in right place Attrition Career Planning Succession Planning .

FINALLY RESULT OF GOOD RETENTION STRATEGY .

Thanks«. .

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