SlideShare a Scribd company logo
Name- shatadal biswas 
desg.- hr trainee 
company – shyam sel and power limited
OBJECTIVE OF THE STUDY 
 To identify how retention strategy reduce 
turnover. 
 To know how to retain employee? 
 To know how they feel engaged in the 
organization? 
 To know what are the manager role in 
retention strategy?
What is employee retention
Employee retention strategy 
 1. Right people (Hire). 
 2. Employee empowerment. 
 3. Employee being the most valuable asset. 
 4. Believe In Your Employees. 
 5. Provide them information and knowledge. 
 6. Feedback on their performance. 
 7. Recognize and appreciate. 
 8. Keep their morale high. 
 9. Create a “Healthy environment”.
These practices can be categorized in 3 levels: 
1) Low Level Employee Retention Strategies 
2) Medium Level Strategies for Employee 
Retention 
3) High Level Strategies
Present secanrio of employee retention strategy 
 Leaving of an 
organization for more 
pay. 
 Incentives can 
increase productivity. 
 Running away from 
responsibilities. 
 Measures to increase 
employee satisfaction 
will be expensive
Reasons Why Employees Leave 
This are the results Cont… 
 Managers’ poor 
supervision 
 Lack of growth potential. 
 Lack of recognition 
 Do not enjoy their job 
 Inadequate pay 
 Job is not challenging 
 Overwork 
 Work and life in-balance
Retention process
And the result of good retention process is like this
FOR THAT THERE ARE SOME Retention Success Mantras 
This are the key area And the result is like this 
 Transparent Work Culture 
 Quality of Work 
 Supporting Employees 
 Give empowerment
How to Manage Employee Retention 
This is the three stage process And follow this process 
 Identify the cost of 
employee turnover. 
 Understand why employee 
leave.(exit interview). 
 Implement retention 
strategies.
How To retain Employee 
 Top talent wants to work 
for the top companies. 
 Build it and they will 
come. 
 Recognize and reward 
over and over again. 
 Don't take them for 
granted. 
 Know what their 
competitor does.
continuation
Top 7 Ways to Improve Employee Retention and Reduce Employee Turnover example 
cisco ,LG and DLF 
1. Hire the best and avoid the rest. 
2. Orientation program for new employees. 
3. Provide flexible work place. 
4. Learning new skills and advancing their career is just 
as important as the money they make. 
5. Early warning detection system 
6. Look for triggers. 
7. Identify and weed out poor managers.
How to Create a Winning Employee Retention Strategy? 
 Performance. 
 Communication. 
 Loyalty 
 Competitive 
advantage.
How to reduce employee turnover 
 Extract DIAMONDS 
among the stones 
 Giving a finishing touch 
to your Diamond 
 Compensation package 
for those who make 
your organisation worth
Why is a Good Manager Important? 
A Good Manager: 
1. Healthy Workplace 
2. Enriches and enlivens an 
employee’s work 
3. Talent management 
4. Develops a culture of loyalty
Manager role in employee retention strategy 
 Creating motivating 
environment 
 Standing up for the 
Team 
 Providing coaching 
 Delegation 
 Extra Responsibility 
 Focus on future 
career
Manager’s Role in Employee Retention 
 Retention 
◦ keeping desirable employees 
 Attrition 
◦ loss of personnel 
 Career Planning 
◦ bottom-up view of right people in right place 
 Succession Planning 
◦ top-down view of right people in right place
Finally result of good retention strategy
The success or failure of an organization is 
increasingly 
determined by its ability to keep its best 
people.
Employee retention

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Employee retention

  • 1. Name- shatadal biswas desg.- hr trainee company – shyam sel and power limited
  • 2. OBJECTIVE OF THE STUDY  To identify how retention strategy reduce turnover.  To know how to retain employee?  To know how they feel engaged in the organization?  To know what are the manager role in retention strategy?
  • 3. What is employee retention
  • 4. Employee retention strategy  1. Right people (Hire).  2. Employee empowerment.  3. Employee being the most valuable asset.  4. Believe In Your Employees.  5. Provide them information and knowledge.  6. Feedback on their performance.  7. Recognize and appreciate.  8. Keep their morale high.  9. Create a “Healthy environment”.
  • 5. These practices can be categorized in 3 levels: 1) Low Level Employee Retention Strategies 2) Medium Level Strategies for Employee Retention 3) High Level Strategies
  • 6. Present secanrio of employee retention strategy  Leaving of an organization for more pay.  Incentives can increase productivity.  Running away from responsibilities.  Measures to increase employee satisfaction will be expensive
  • 7. Reasons Why Employees Leave This are the results Cont…  Managers’ poor supervision  Lack of growth potential.  Lack of recognition  Do not enjoy their job  Inadequate pay  Job is not challenging  Overwork  Work and life in-balance
  • 9. And the result of good retention process is like this
  • 10. FOR THAT THERE ARE SOME Retention Success Mantras This are the key area And the result is like this  Transparent Work Culture  Quality of Work  Supporting Employees  Give empowerment
  • 11. How to Manage Employee Retention This is the three stage process And follow this process  Identify the cost of employee turnover.  Understand why employee leave.(exit interview).  Implement retention strategies.
  • 12. How To retain Employee  Top talent wants to work for the top companies.  Build it and they will come.  Recognize and reward over and over again.  Don't take them for granted.  Know what their competitor does.
  • 14. Top 7 Ways to Improve Employee Retention and Reduce Employee Turnover example cisco ,LG and DLF 1. Hire the best and avoid the rest. 2. Orientation program for new employees. 3. Provide flexible work place. 4. Learning new skills and advancing their career is just as important as the money they make. 5. Early warning detection system 6. Look for triggers. 7. Identify and weed out poor managers.
  • 15. How to Create a Winning Employee Retention Strategy?  Performance.  Communication.  Loyalty  Competitive advantage.
  • 16. How to reduce employee turnover  Extract DIAMONDS among the stones  Giving a finishing touch to your Diamond  Compensation package for those who make your organisation worth
  • 17. Why is a Good Manager Important? A Good Manager: 1. Healthy Workplace 2. Enriches and enlivens an employee’s work 3. Talent management 4. Develops a culture of loyalty
  • 18. Manager role in employee retention strategy  Creating motivating environment  Standing up for the Team  Providing coaching  Delegation  Extra Responsibility  Focus on future career
  • 19. Manager’s Role in Employee Retention  Retention ◦ keeping desirable employees  Attrition ◦ loss of personnel  Career Planning ◦ bottom-up view of right people in right place  Succession Planning ◦ top-down view of right people in right place
  • 20. Finally result of good retention strategy
  • 21. The success or failure of an organization is increasingly determined by its ability to keep its best people.