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8/2/2019 HR Seminar- Retention Strategy
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Employee Retention Strategy
Safaa HassanCorporate Director Human Resources
SUMMIT
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Employee Retention StrategyAgenda:
Reasons for Staff Retention Retention Tools Evolution is a Must Employee Retention Strategy Employer Branding Implementation is Key
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Employee Retention StrategyHere Today, Here Tomorrow
Transforming your workforce from High-Turnoverto High Retention.
To do this we need first to look at the main reasonsfor;
Why work for Great Staff Retention? Why Do People Stay?
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Organisations With High Levels of
Employee Retention
38% Higher Customer Satisfaction Scores
22% Higher Productivity
27% Higher Profits
Employee Engagement Drives Business Results
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Great Staff RetentionWhy do People Stay?
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7%
11%
7%
8%15%
8%
11%
8%
12%
Excellent recruiting practices
Good communication 11%
Training opportunities
Opportunities for promotion 13%
Good pay package
Recognition of performance 15%
Strong leadership
Trust between management & employees 11%
Adequate resources to perform the job
Teamwork culture 12%
13%
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The Drivers of Commitment
1. Clear Communication
2. High Job Satisfaction3. Inspired Leadership & Management
4. Effective Performance Management5. Positive Work Environment
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Employee Retention Tools
Employee Satisfaction Survey
Exit Interview
Communication between Manager andEmployee
Performance Review (Quarterly)Other means in your organization
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Evolution is a Must
1. The Era of Talent Acquisition.
2. The Era of Talent Retention and UrgentSystem Development.
3. The Era of HR Metrics.
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Employee Retention Strategy
Provide a clear sense of Direction andPurpose (Corporate business Strategy,
Strategic Objectives & Plans).
Reward and Recognition Programmes.
Become a Better Leader by Showing me youcare.
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Employee Retention Strategy
Flexible Benefits build a more loyal andproductive workforce.
Keep the Doorways and Pathways ofCommunication Open.
Create a Charged Work Environment thatEnergizes and Engages the Workforce.
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Employee Retention Strategy
Performance Management TransformWorkers to Winners.
Career Opportunities and DevelopmentPlans.
Develop Your Valuable StaffHelp People Move Up, or they will Move Out
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Employee Retention Strategy
Build a Sense of Employee Ownership.
Improve Recruitment Processes.
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Employer BrandingBest Employers are:
1. Better at Career Development.
2. Better at delivering the Employment Promise.
3. Better Investors in Employee Development.
4. Better at making employees feel valued.
5. Better at Aligning the HR Strategy, Processes& Policy to employee needs.
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Implementation is Key
Its not what you do, its the way that you do it
Dont over stretch
Reach the Critical Mass for impact
Be consistent
Propagate and practice Fairness
Deliver on your Promise
Voluntary Participation of Employees
Put yourself in their shoes14
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T H A N K Y O U
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