Employee retention involves keeping valuable employees within an organization. High employee turnover can be costly and disruptive. To improve retention, organizations should identify reasons for attrition through exit interviews, implement engagement and recognition programs, focus on career development, and ensure managers foster a motivating environment through open communication and fairness. Retaining top talent is key to organizational success.

1. Presented By:
Ashwini veerabhadrappa

2. What is employee retention
Employee retention is a process in which the
employees are encouraged to remain with the organization
for the maximum period of time. Employee retention is
beneficial for the organization as well as the employee.

3. reasons for employee attrition
 If they are either unhappy with their job, or
feel that they have not got enough from the
company.
 Monotonous tasks
 Odd working hours
 Lack of growth
 Perceived benefits from another
organization
 Perceived benefit from personal business
 Family influence
 Medical reasons

4. Present scenario of employee
ATTRITION
 Leaving of an organization for more
pay.
 Running away from
responsibilities.
 Measures to increase employee
satisfaction will be expensive

5.  Hiring new employees requires good amount
of time and money.
 There is always a risk if the new employee
selected will adjust to the new environment.
 Resignations are quite infectious.
 There is loss of knowledge
 Relationship with customers is affected.
higher retention rate helps to build goodwill
of the company

6. Retention Target Group
High
Risk of
Departure Let Go Re-Recruit
Turnover
Intention
Don’t Care Take Care
Low
Low Employee High
Value

7. HOW TO MANAGE EMPLOYEE RETENTION
This is the three stage process
 Identify the cost of employee turnover.
 Understand why employee leave (exit interview).
 Implement retention techniques.

8.  Increase Employee Engagement
 Motivate Employees
 Implement a well-designed assessment
and selection process
 Recognition of Performance

9.  Focus On Team Building
 Communicating with Employees
 Implement programs for employee
training and development

10. Manager’s role in retention
 Creating motivating environment
 Standing up for the Team
 Providing coaching
 Delegation
 Extra Responsibility
 Focus on future career

11. managers attitude
 Explain why.
Show that you care.
Listen before you speak.
Say what you mean and mean what you say.

12. Be fair.
Engage and encourage people to come up with
their own solutions.
Promote this: "You have the right to disagree,
but you should never be disagreeable".

13. The success or failure of
an organization is
increasingly
determined by its ability to
keep its best people.