A GLOBALA GLOBAL
KRUPALI SHAHKRUPALI SHAH
OUR ASSEST WALK OUT OF THE DOOROUR ASSEST WALK OUT OF THE DOOR
EACH EVENING.WE HAVE TO MAKEEACH EVENING.WE HAVE TO MAKE
SURE THAT THEY COME BACK THESURE THAT THEY COME BACK THE
NEXT MORNINGNEXT MORNING
-- NARAYAN ANARAYAN A
CHIEF MENTOR OFCHIEF MENTOR OF
Attrition ??Attrition ??
""A reduction in the number ofA reduction in the number of
employees throughemployees through
retirement, resignation orretirement, resignation or
Lack of good working condition-
No Flexible work schedules.
Reasons why an employee leaves anReasons why an employee leaves an
Lack of respect-
Very Few Supportive colleagues:
Organization is more concern
Increase in favoritisms
Employee needs pride in where they
work & what they do
Lack of appreciation
Lack of challenges in job
The job or workplace was
not as expected
The Mismatch Between Job and
Too Little Coaching and Feedback
Lack of support
Stress From Overwork and
Loss of Trust and
Confidence in Senior Leaders
Less frequency in giving
EFFECT ON ORGANIZATIONEFFECT ON ORGANIZATION
IF ITS EMPLOYEE LEAVEIF ITS EMPLOYEE LEAVE
Loss of productivityLoss of productivity
Replacing qualified employeesReplacing qualified employees
Poor retention creates a “revolving door”Poor retention creates a “revolving door”
culture within the organization loweringculture within the organization lowering
morale and confidence.morale and confidence.
Cost of overtime or temporary helpCost of overtime or temporary help
Recruiting costsRecruiting costs
Interviewing costsInterviewing costs
Time spent in orientationTime spent in orientation
What is Employee Retention?What is Employee Retention?
Employee retention is a process in whichEmployee retention is a process in which
the employees are encouraged to remainthe employees are encouraged to remain
with the organization for the maximumwith the organization for the maximum
period of time or until the completion ofperiod of time or until the completion of
the project. Employee retention isthe project. Employee retention is
beneficial for the organization as well asbeneficial for the organization as well as
the employeethe employee..
Importance of Employee retention.Importance of Employee retention.
The cost of turnoverThe cost of turnover
Loss of company KnowledgeLoss of company Knowledge
Interruption of customer ServiceInterruption of customer Service
Turnover leads to more turnoverTurnover leads to more turnover
Goodwill of the companyGoodwill of the company
Regaining efficiencyRegaining efficiency
Key Areas in Employee RetentionKey Areas in Employee Retention
Compensation Environment Growth
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