Employee Retention a challenge

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Employee Retention a challenge

  1. 1. Employee Retention – A Challenge
  2. 2. “A COMPANY IS KNOWN BY THE PEOPLE IT KEEPS”
  3. 3. ATTRITION OUR ASSEST WALK OUT OF THE DOOR EACH EVENING, WE HAVE TO MAKE SURE THAT THEY COME BACK THE NEXT MORNING. NARAYAN A MURTHY CHIEF MENTOR OF INFOSYS
  4. 4. Retention of Employees “You can’t expect people …. to be committed, …. to be loyal to an organization, ….. to be engaged in an organization, ….. [or] to want to stay in an organization, …. if the company doesn’t care about them.”
  5. 5. Understand the reasons why do employees leave?
  6. 6. Top Reasons - Employees Leave organization • • • • • • • • • • • Fail to connect with their bosses as leaders and people Work environment is not friendly No appreciation Managers not listening Limited career growth opportunities Lack of respect For higher compensation Felt their job duties were unchallenging Felt their supervisor lacked leadership skills For better work hours and For job satisfaction
  7. 7. Why is employee retention important?
  8. 8. Importance of Employee Retention • Employees are the heart and soul of an organization • Employee turnover is costly for an organization • Finding suitable replacements for key employees is difficult • Low employee turnover performance of an organization leads to outstanding
  9. 9. What should do I to retain my talent? You have to ensure that your ……
  10. 10. • Employee should not feel unhappy & dissatisfied… Provide good facilities & better work environment
  11. 11. • Employee should not feel being left out … Provide friendly atmosphere inside the company
  12. 12. • Employee should not feel discouraged … Provide proper learning & growth opportunities
  13. 13. • Employee should not feel overburdened & stressed … Distribute & delegate proper workload
  14. 14. • Employee should not feel difficulty in attending office… Provide better facilities for commuting
  15. 15. • Employee should not feel being un-favoured … Treat everybody equally
  16. 16. • Employee should not feel his job is difficult… Provide appropriate training & guidance
  17. 17. • Employee should not be forced to do unpleasant things … Provide appropriate rewards & recognitions for work
  18. 18. • Employee should not feel giving up… Provide proper support in difficult times
  19. 19. • You should Seek & Give Support to your team members for achieving success
  20. 20. You should also take care of your employees…. Spiritual Well-being a sense of Connectedness, Purpose & meaning, Gratitude, Personal control / inner harmony Intellectual Well-being openness to new ideas, think critically, nourishment to creativity / curiosity & motivation to master new skills. Emotional Well-being Healing – from stress, anxiety & depression, Change – in thinking, feeling, and behaving, Self-confidence and Growth Social Well-being interaction with other people, through Marriages, Family get together, Social gatherings etc.
  21. 21. Occupational Well-being Physical Well-being Finding a job that integrates and balances skills & interests, a healthy way to integrate work into life, & maintaining a suitable balance between work and life Cardio vascular health, muscle strength, flexibility, life energy, enough sleep & quality nutrition Environmental Well-being Minimize Global Warming, Air & Water Pollution, Noise & Vibration, Food Refining etc. Financial Well-being Helps to attain Stability & Security, Worth, Esteem & Self Actualization and
  22. 22. Therefore it is said …. " That which is beautiful is not always good; but that which is good is always beautiful" So create good atmosphere, better learning opportunities, respect, recognize & reward employees, provide better compensation and career growth for your employees.
  23. 23. This way you should be smart enough to retain your valuable employees

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