Employee Retention a challenge

Employee Retention – A Challenge

“A COMPANY IS KNOWN BY THE

PEOPLE IT KEEPS”

ATTRITIONOUR ASSEST

WALK OUT OF THE DOOR

EACH EVENING,

WE HAVE TO MAKE SURE

THAT

THEY COME BACK

THE NEXT MORNING.

NARAYAN A MURTHYCHIEF MENTOR OF INFOSYS

“You can’t expect people ….

to be committed, ….

to be loyal to an organization, …..

to be engaged in an organization, …..

[or] to want to stay in an organization, ….

if the company doesn’t care about them.”

Retention of Employees

Understand the reasons why do employees leave?

• Fail to connect with their bosses as leaders and people • Work environment is not friendly• No appreciation• Managers not listening• Limited career growth opportunities• Lack of respect • For higher compensation• Felt their job duties were unchallenging• Felt their supervisor lacked leadership skills• For better work hours and• For job satisfaction

Top Reasons - Employees Leave organization

Why is employee retention important?

• Employees are the heart and soul of an organization

• Employee turnover is costly for an organization

• Finding suitable replacements for key employees is

difficult

• Low employee turnover leads to outstanding

performance of an organization

Importance of Employee Retention

What should do I to retain my talent?

You have to ensure that your ……

• Employee should not feel unhappy & dissatisfied… Provide good facilities & better work

environment

• Employee should not feel being left out …Provide friendly atmosphere inside the company

• Employee should not feel discouraged …Provide proper learning & growth opportunities

• Employee should not feel overburdened & stressed …Distribute & delegate proper workload

• Employee should not feel difficulty in attending office…Provide better facilities for commuting

• Employee should not feel being un-favoured …Treat everybody equally

• Employee should not feel his job is difficult…Provide appropriate training & guidance

• Employee should not be forced to do unpleasant things… Provide appropriate rewards & recognitions for work

• Employee should not feel giving up…Provide proper support in difficult times

• You should Seek & Give Support to your team members for achieving success

You should also take care of your employees….

Emotional Well-beingSpiritual Well-being

Intellectual Well-being Social Well-being

a sense of Connectedness, Purpose &

meaning, Gratitude, Personal control / inner

harmony

openness to new ideas, think critically, nourishment to

creativity / curiosity & motivation to master new skills. 

Healing – from stress, anxiety & depression,

Change – in thinking, feeling, and behaving,

Self-confidence and Growth

interaction with other people, through Marriages,

Family get together, Social gatherings etc.

Occupational Well-being

Financial Well-being Environmental Well-being

Physical Well-being

and

Finding a job that integrates and balances skills &

interests, a healthy way to integrate work into life, &

maintaining a suitable balance between work and life

Cardio vascular health, muscle strength, flexibility,

life energy, enough sleep & quality nutrition

Helps to attain Stability & Security, Worth, Esteem & Self Actualization

Minimize Global Warming, Air & Water Pollution, Noise & Vibration, Food Refining etc.

Therefore it is said …." That which is beautiful is not always

good; but that which is good is always

beautiful"

So create good atmosphere, better learning opportunities,

respect, recognize & reward employees, provide better compensation and career growth for your employees.

This way you should be smart enough to retain your valuable employees