How to retain employees at working place

2. ‘’We cant stop employees
from leaving unless we have a
plan to make them stay’’

3. What is Employee Retention ?
Employee Retention is a process in which the
employees are encouraged to remain with
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.

4. What makes employee leave ?
Job is not what employee expected.
No growth opportunities
Lack of appreciation
Lack of trust and support
Stress from overwork
No Compensation
New job offers.

5. Employee Retention involves five major thing’s
Compensation
Environment
Growth
Relationship
Support

6. COMPENSATION :
Bonus
Health Insurance
After Retirement
Miscellaneous Compensation
Remind your employees the benefit they get

7. ENVIRONMENT :
1.Learning environment certification for higher
studies.
2.Supportive environment
Flexible hrs dependent care vacation, alternate work
schedules.
3.Work Environment
Efficient manager supportive co-worker, challenging
work , involvement in decision making , clarity of
work and responsibilities and recognition.

8. SUPPORT :
1.Providing feedback
2.Recognition and reward
3.Counseling
4.Providing emotional support
GROWTH :
1.Work Profile
2.Personal Growth
3.Training and development

9. RELATIONSHIP:
1.Relationship with immediate manager.
2.Relationship with colleagues.
3.Promote an employee based culture.
EMPLOYEE RETENTION STRATEGIES : -
1. Hire the right person in right place.
2. Empower the employee.
3. Make them realize that they are valuable for
organization.
4. Have faith in them trust & respect them.
5. Provide information & knowledge.
6. Give feedback on performance.
7. Recognize & appreciate their achievements.
8. Keep their moral high.
9. Create healthy environment.

10. TOP 15 RETENTION DRIVER :-
1. Exciting work & challenge.
2. Career growth, Learning & development.
3. Working with great people & relationships.
4. Fair pay
5. Being recognized, valued & respected.
6. Supportive management / great boss.
7. Benefit
8. Meaningful work , making a difference & contribution.
9. Pride in organization it’s mission & product.
10. Great work environment / culture.
11. Flexibility
12. Autonomy, creativity and sense of control.
13. Job security.
14. Location.
15. Diverse , changing work assignment.

11. In current time organization culture must be to
retain their employee.
Organization culture include : -
1. Leadership
2. Commitment
3. Employee engagement
4. Inform
5. Reporting
6. Learning
7. Adaptability
8. Justness

12. IMPORTANCE OF EMPLOYEE RETENTION : -
1. The cost of turnover.
2. Loss of company knowledge.
3. Turnover leads to more turnover.
4. Interruption of customer service.
5. Goodwill of company.
6. Regaining efficiency.

13. MANAGER’S ROLE IN RETENTION :-
1. Creating a motivating environment.
2. Standing up for the team.
3. Providing coaching
4. Delegation
5. Extra responsibility.

14. H.R DEPARTMENT ROLE IN RETENTION :-
1.Give infrastructure facilities to ensure that
employee give their best.
2.They can make employee friendly policies
process in procedure to ensure that employee
grow in organization.
3.They can appreciate employee work.
4.They can ensure proper communication process
takes place and make sure that employee’s are
heard.
5. They can give regular feedback and recognition.
6. They can give training to boss if his management
style is not good.

15. CONCLUSION :-
- The process of retention is not easy as it seems.
- There are so many tactics and strategies used in
retention of employee by the organization.
- The basic purpose of these strategies is to increase
employee satisfaction boost employee moral
hence achieve retention.

16. Presented by Ramkrishna Rajput