This document discusses the importance of employee retention over recruitment. It defines retention as an organization's ability to keep employees, and recruitment as finding new employees. Reasons employees leave include lack of growth, pay, recognition and poor leadership. Retention is important to avoid costs from turnover like losing knowledge, disrupting customers, and causing more resignations. Retaining existing staff provides clear skills and fit while avoiding rehiring expenses. Overall, retaining current talent provides financial benefits like skilled labor and customer service over an unknown new hire.

1. RETENTION IS
BETTER THEN
RECRUITMENT
BY: SAVITA

2. "A bird in the hand is worth
two in the bush"

3. What is Retention?
• Employee retention refers to the
ability of an organization to retain
its employees.
Or
Employee retention refers to the
various policies and practices which
let the employees stick to an
organization for a longer period of
time.

4. What is Recruitment?
Recruitment is a process of
searching for prospective
employees and stimulating them
to apply for jobs in the
organization.

5. Why do Employees Leave ?
 Leave an organization out of frustration
 Constant friction with their superiors or
other team members.
 Low salary
 Lack of growth prospects
 Lack of motivation
 Lack of recognition
 Lack of teamwork

6. Lack of tools and resources
Excessive workload
Lack of training
Poor senior leadership
Poor communications
Poor management

7. Why is retention so
important?
• The Cost of Turnover
• Loss of Company Knowledge
• Disruption of Customer Service
• Turnover spirals into more turnover

8. Reasons of Retention
• Existing employee
skills, talents, values, aptitude, commitment
and contribution is known better based on
performance
• Potential of new employee, sometimes, may
be a myth.
• Existing employees cultural fit is judged and
tested
• Existing employees aspirations and
expectations are clear.

9. • Existing employees has already
completed adjustment stage and is in
contributing and performance stage.
• Existing employees is aware of
company and community environment
and climate
• There won’t be further cost of
recruitment, relocation and training,
in case of existing employees.

10. The Advantages of Employee
Retention
• Employees are an organization's intellectual
asset that is responsible for the day-to-day
business operation.
• Employee retention is a financial gain for
organizations.
• Acquiring Talent
• Training and Development
• Skilled Labor Force
• Impact on Customer Service

11. Known devil is
better than
unknown
angel