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Good Practices of Retention Strategies to
Keep Employees
VOLUTIONIZING RECRUITMENT AND RETENTION 2015
CapSquare, Prince Hotel & Residence March 24 & 25
Contents
Good Practices of Retention Strategies to Keep
Employees
7 hidden reasons why employees leave their
organizations
Good practices of retention strategies local and foreign
companies with real life examples
Employee of Choice model to enhance retention
What are good retention
strategies to keep
employees?
BACKGROUND
Employee Retention
Leigh Branham
Saratoga Institute of Research
Background
• Saragato Institute is part of PwC. World leader
in exit interview and employee commitment
survey
• Saragato Institute maintained a 5 years of
database of 19700 of exit and employee
surveys from 1999-2003
• Exit interview of 3149 employees
• Wide range of industries
Guessing
Reasons Percentage
REASONS OF LEAVING
65 Reasons
Why Employees Are Leaving?
Reasons Percentage
Too few growth and advancement
opportunities
16
Lack of support by and respect from supervisor 13
Compensation 12
Job Duties Boring and unchallenging 11
Lack of leadership skills by supervisor 9
Work Hours 6
Unavoidable reasons 5
PEOPLE DO NOT LEAVE COMPANIES, THEY LEAVE BAD
BOSSES
Reasons Percentage
Too few growth and advancement
opportunities
16
Lack of support by and respect from supervisor 13
Compensation 12
Job Duties Boring and unchallenging 11
Lack of leadership skills by supervisor 9
Work Hours 6
Unavoidable reasons 5
Energy to Develop Leadership
Development
GOOD PRACTICES
Good Practices
To Match Expectations with Reality
Select the Right Talent for the Job
To Provide Coaching and Feedback
To Provide Career Advancement and Growth Opportunities
To Make Employees Feel Valued and Recognized
To Reduce Stress from Work-Life Imbalance and Overwork
To Inspire and Confidence in Senior Leaders
Retention Good Practices
To Provide Career Advancement and Growth Opportunities
Career Development
Weekly Department Meeting
1 On 1
To Make Employees Feel Valued and Recognized
Motivation Voucher
Corporate Strategy
Annual Employee Survey
Job Title Changes
To Reduce Stress from Work-Life Imbalance and Overwork
Pfizer – FCW
PAYPAL GLOBAL OPS
PULSE FINDING
Career Development
Job Title
BUSINESS CONTEXT
SETTING THE
SCENE
TEAM COACHING 1 HOUR
New Job Titles -
Talent Retention
Shanghai
Carsem
• Festive
• Team Bonding
• Communicate Strategies regularly
• Gemba Walk
• Leader-teach-leaders
• Team Building
• Supervisor Development
22
RETENTION APPROACHES
Four Fundamental Human Needs
● The need for trust.
● The need to have hope.
• The need to feel a sense of worth
● The need to feel competent.
To Match Expectations with Reality
Select the Right Talent for the Job
To Provide Coaching and Feedback
To Provide Career Advancement
and Growth Opportunities
To Make Employees Feel Valued
and Recognized
To Reduce Stress from Work-Life
Imbalance and Overwork
To Inspire and Confidence in Senior
Leaders
EMPLOYEE OF CHOICE STRATEGIES
Employee of Choice
IMPACTS
ONE LAST THING
Corporate Culture
•
Four Corporate Culture
39

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Good Practices of Retention Strategies

Editor's Notes

  1. Introduce (Business Leader) and say (name) is going to outline the steps the business has taken to develop MyMap and why it‘s important to us now and what is the change we are managing with the introduction of MyMap across Global Operations. Please use a separate document titled “MyMap Workshop_Leader Opening Address_Feb 2012 Detailed speaker notes are provided within this separate document for the leader who is opening the class Facilitator: Please ensure you know who is opening each session and that the leader has had access to the notes and are clear on who performs what role during the period of deployment. Leader: Your role is to set the scene through level setting; speaking to what has been completed by the business to ensure we can now deploy MyMap; what is MyMap and call out what it is not (briefly) and outline “what success looks like” – achieving a mindset shift whereby individuals take ownership of and manage their own career at PayPal using the full suite of offerings and processes available (reference the graphic). Close and hand over to the facilitator who will present aims/objectives for today