Research plan on employee retention in an organisation
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presentation gives research plan on employee retention in an organisation and cover 2 review of literature and hypothesis
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Research plan on employee retention in an organisation
- 1. Career Point Cares IMPORTANCE OF EMPLOYEE RETENTION Research Methodology in Industry
- 2. Career Point Cares INTRODUCTION Various policies and practices to retain employees for a longer period of time. Organization invests time and money Organization is at loss when employees leave Lucrative salary, comfortable timings, better ambience, growth prospects
- 3. Career Point Cares REVIEW OF LITERATURE Employee Retention: A Review of Literature Compensation, T&D Reward and Recognition Promotion and opportunity growth Participation in Decision making Work life balance, Leadership Work environment, Job security
- 4. Career Point Cares Factors Affecting Employee Retention: Evidence from Literature Review Employee personal value Compensation, Reward Career advancement Training and career development Supervisor support, Work environment Family support & work culture Organizational Justice Distributive justice
- 5. Career Point Cares PROBLEM GAP ANALYSIS Job Flexibility Ease to employees Work from home Organizati on saves cost Employee need not travel regularly SBI announced ‘work from home’ Google campus
- 6. Career Point Cares AUTONOMY IN WORK Too much autonomy can backfire; depends on culture and size Enhance each other's strengths, compensate for weaknesses. Self-managed teams Decreases employee turnover Employees become more responsible for the quality of their work More autonomy gives high job satisfaction, productivity, motivation and happiness Traditionally organizational -autonomy with high level
- 7. Career Point Cares HYPOTHESIS • Job satisfaction • Cannot have a simple general formula • Different needs, desire and experiences • impact on employee’s productivity, satisfaction • Job security • Safety • Working environment • Creativity in work • Motivation • Social relationships • New opportunities • Recognition • Autonomy • Compensation
- 8. Career Point Cares COMMUNICATION • All can talk but not communicate well • Act of giving, receiving or exchanging ideas so that the message is completely understood by both parties Barriers • Status/Role • Cultural Differences • Use of Language • Individual Perceptions • Noise • Clarity of Message • Lack of Feedback • Known or Unknown Receiver
- 9. Career Point Cares METHODS OF DATA COLLECTION Primary Data Direct Personal Investigation Indirect Oral Investigation Information through Local Correspondents Questionnaires through Mail
- 10. Career Point Cares Secondary Data Financial Statements and reports Customer details Company information Reports and feedback
- 11. Career Point Cares • Sample size is 50 • Future of report- Extensive research will help in better understands of Job Satisfaction and Autonomy with primary data collection • Importance- Offer better compensation, Encourage flexibility, Provide learning opportunities, Better communication and More autonomy in the work
- 12. Career Point Cares CONCLUSION Companies spend billions to stay on the cutting edge It costs a great deal to replace an employee Extensive employment opportunities for talented professionals Higher skilled the employees are, the greater the demand for their services Employee retention is great concern
- 14. Career Point Cares THANK YOU