Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

ATTRITION,EMPLOYEE RETENTION

11,115 views

Published on

KEY AREA IN BUSINESS SUCESS NEEDS TO BE LOOKED AFTER

Published in: Business, Technology
  • I earned $5000 ultimate month by using operating online only for 5 to 8 hours on my computer and this was so smooth that i personally couldn't accept as true with before working on this website. if you too need to earn this sort of huge cash then come and be part of us. do this internet-website online... ♣♣♣ http://t.cn/AisJWzdm
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Unlock Her Legs(Official) $69 | Get 90% Off + 8 Special Bonus? ◆◆◆ http://ishbv.com/unlockher/pdf
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • FREE TRAINING: "How to Earn a 6-Figure Side-Income Online" ... ◆◆◆ https://tinyurl.com/y3ylrovq
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Legitimate jobs paying $40/h Tap into the booming online job, industry and start working now! ♥♥♥ https://tinyurl.com/y4urott2
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • can send to my email? minnie.chua@gmail.com thanks
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here

ATTRITION,EMPLOYEE RETENTION

  1. 1. ATTRITION: A GLOBAL CHALLENGE <ul><li> MADAN LAL PANDIA </li></ul>
  2. 2. ATTRITION <ul><li>OUR ASSEST WALK OUT OF THE DOOR EACH EVENING.WE HAVE TO MAKE SURE THAT THEY COME BACK THE NEXT MORNING </li></ul><ul><li>- NARAYAN A MURTHY </li></ul><ul><li>CHIEF MENTOR OF INFOSYS </li></ul>
  3. 3. Attrition ?? <ul><li>&quot; A reduction in the number of employees through retirement, resignation or death&quot; </li></ul>
  4. 5. Reasons why an employee leaves an organization <ul><ul><li>Monetary factors </li></ul></ul><ul><ul><li>Lack of good working condition- </li></ul></ul><ul><ul><li>No Flexible work schedules. </li></ul></ul>
  5. 6. Cont… <ul><li>Lack of respect- </li></ul><ul><li>Very Few Supportive colleagues: </li></ul><ul><li>Organization is more concern toward business </li></ul><ul><li>Increase in favoritisms </li></ul>
  6. 7. Cont… <ul><li>Employee needs pride in where they work & what they do </li></ul><ul><li>Lack of appreciation </li></ul><ul><li>Lack of challenges in job </li></ul><ul><li>The job or workplace was not as expected </li></ul>
  7. 8. Cont.. <ul><li>The Mismatch Between Job and Person </li></ul><ul><li>Too Little Coaching and Feedback </li></ul><ul><li>Lack of support </li></ul>
  8. 9. Cont… <ul><li>Stress From Overwork and Work-Life Imbalance </li></ul><ul><li>  Loss of Trust and Confidence in Senior Leaders </li></ul><ul><li>Less frequency in giving rewards. </li></ul>
  9. 10. EFFECT ON ORGANIZATION IF ITS EMPLOYEE LEAVE <ul><li>Loss of productivity </li></ul><ul><li>Replacing qualified employees </li></ul><ul><li>Poor retention creates a “revolving door” culture within the organization lowering morale and confidence. </li></ul><ul><li>Cost of overtime or temporary help </li></ul><ul><li>Recruiting costs </li></ul><ul><li>Interviewing costs </li></ul><ul><li>Time spent in orientation </li></ul>
  10. 11. RETENTION
  11. 12. What is Employee Retention? <ul><li>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 . </li></ul>
  12. 13. Importance of Employee retention. <ul><li>The cost of turnover </li></ul><ul><li>Loss of company Knowledge </li></ul><ul><li>Interruption of customer Service </li></ul><ul><li>Turnover leads to more turnover </li></ul><ul><li>Goodwill of the company </li></ul><ul><li>Regaining efficiency </li></ul>
  13. 14. Key Areas in Employee Retention Compensation Environment Growth Relationship Support
  14. 15. M.L.PANDIA Thank you!!!

×