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Retention In Information Technology Industry Final
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Retention In Information Technology Industry Final

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  • @maneeshapatel77 can you plss help me in making report on employee retention in IT sector??? udiyaman rana
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  • hey... hi... ur ppt is awesome. I wanted to do project on the same topic so if you have any hard copy of the same pls let me know @ maneesha_mark18@yahoo.com
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  • 1. RETENTION IN INFORMATION TECHNOLOGY INDUSTRY Presented By: Akshatha D Salian
  • 2.
    • To verify whether Compensation is the main factor for employee retention
    • Factors causing employee turn over
    • The importance of retention
    • Methods adopted by IT companies to retain people
    RESEARCH OBJECTIVE
  • 3.
    • Survey Sample - 46 employee responded to the survey
    • The questionnaires have been answered by employees of
          • Infosys
          • Wipro
          • Cognizant
    RESEARCH METHODOLOGY
  • 4.
    • Hewitt ‘Attrition and Retention’ survey - ‘external inequity of compensation’
    • 27 per cent of the employees in their exit interviews mentioned compensation as the primary reason
    LITERATURE REVIEW
  • 5.
    • Compensation
    • No growth opportunities
    • Job is not what the employee expected to be
    • Lack of appreciation
    • Lack of trust and support in coworkers, seniors and management
    • New job offer
    • Stress from overwork and work life imbalance
    WHAT MAKES EMPLOYEES LEAVE
  • 6.
    • The Cost of Turnover
    • Loss of Company Knowledge
    • Interruption of Customer Service
    • Goodwill of the company
    IMPORTANCE OF EMPLOYEE RETENTION
  • 7. KEY FACTORS IN RETENTION
  • 8.
    • The growth of the Indian IT Software & Services and ITES-BPO sector has a perceptible multiplier effect on the Indian economy
    • Players -Indian software industry has a mix of a large companies and several small to medium sized companies. Some of the key players in the industry are Infosys, Wipro, TCS, Patni so on
    INFORMATION TECHNOLOGY SECTOR
  • 9.
    • Company Attrition rate (FY 06)
    • Wipro 13%
    • Infosys 10%
    • Cognizant 11%
    ATTRITION IN IT INDUSTRY IN INDIA
  • 10.
    • Higher Education Support policy (HES)
    • Payouts to all employees, based on the revenues and profitability of the company
    • Employees voice heard through annual survey as well as feedback in several communications Forums
    • Cultural programs, transport, food etc.
    • Quarterly reward and recognition events in all units across Infosys
    • Employee Stock option plan
    INFOSYS
  • 11.
    • Performance based reward system
    • Rotating employees between different projects as well as technologies
    • Open work culture - togetherness events, Annual day celebrations, or opinion polls conducted across the organization as inputs for policy decisions
    • Opportunities to learn and grow through a proactive training program
    COGNIZANT
  • 12.
    • wings within - an internal job posting system
    • Employee survey -employees provide inputs on the health of the workplace
    • HR review in the planning cycle - Company does succession planning for individuals wherein it identify the best talents
    WIPRO
  • 13.
    • What according to you is the best strategy to retain Employees
    ANALYSIS
  • 14.
    • Salary is not the single most important factor employees are looking at
    • Employee satisfaction and exit interviews are the most commonly used methods for finding turnover
    • Best methods adapted by organization to retain employees are
          • Compensation
          • Career growth
          • Work Environment
          • ESOPs
    FINDINGS
  • 15.
    • Employees are valuable investment so organization should ensure they have
          • clear job roles
          • supervision and skills to perform the job
          • opportunity for growth
          • Compensation as per their job responsibility
    RECOMMENDATIONS
  • 16.