Employee retention involves keeping employees within an organization for as long as possible. Key factors that influence an employee's decision to leave include a lack of growth opportunities, poor compensation, and an unhealthy work environment. Effective retention strategies analyze reasons for leaving, focus on compensation, job design, performance management, training, and career development, and aim to make employees feel important, empowered, respected and supported within the organization. Both team leaders and HR departments play important roles in retention by understanding employee needs, providing challenges and career growth, maintaining respect and a healthy work culture, and ensuring proper communication and feedback.
2. WHAT IS EMPLOYEE RETENTION
Employee Retention is process in which the employee are
encouraged to remain with organization for the maximum
period of time or until the completion of the project.
• WHAT MAKES EMPLOYEE LEAVE ?
Job is not what employee expected.
No growth opportunities.
Lack of appreciation.
Lack of trust and support
Stress from overwork.
Compensation.
New job offer.
4. RETENTION STRATEGIES
Analysis of reason for staying or leaving.
Actions for retention :- 1) Pay, 2) Job Design, 3) Performance 4)
Training, 5) Career Development, 6) Commitment, 7) Lack of group
cohesion,
Hire the right person in right place!
Empower the employees!
Make them realize that they are important the organization!
Have faith in them trust and respect them!
Provide information and knowledge!
Give feedback on their performance
Appreciate their achievements!
Create an healthy environment!
Keep their moral high!
5. ROLE OF TEAM LEADER IN RETENTION
Knowing what employee want
Is it your responsibility as an incharge to keep them.
Supporting employee career growth
Bringing challenges in work ( Combine task, Form teams,
The employee in touch with clients, Change Assignments,
Build in Feedback, Establish widespread participation,
Nurture creativity, Set Goals.)
Extending Respect and dignity to the employees
Work and play belong at work be supportive and flexi
work.
Career Development.
6. HR. DEPT. ROLE IN RETENTION
Give infrastructure facilities to ensure that employee give their best.
They can make employee friendly policies process in procedure to
ensure that employee grow in organization.
They can appreciate employee work.
They can ensure proper communication process take place and
make sure that employee are heard.
They can give regular feed back and Recognition.
They can give training to boss if his management is not good.