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Minimizing Turnover Retention Strategies Organisations should Focus on

Minimising Turnover: Retention Strategies Organisations should Focus on

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Page 1: Minimising Turnover: Retention Strategies Organisations should Focus on

Minimizing Turnover – Retention Strategies Organisations should

Focus on

Page 2: Minimising Turnover: Retention Strategies Organisations should Focus on

Employee churn is a perennial challenge faced by

organisations. HR addresses this issue by formulating

various retention strategies.

Page 3: Minimising Turnover: Retention Strategies Organisations should Focus on

But despite the best efforts, employee churn continues

to be a significant pain-point..

Page 4: Minimising Turnover: Retention Strategies Organisations should Focus on

Therefore, in order to minimize turnover, HR personnel

will have to take a more holistic approach..

Page 5: Minimising Turnover: Retention Strategies Organisations should Focus on

..and follow a process-driven approach to hire and retain

talent who are less likely to leave the organisation.

Page 6: Minimising Turnover: Retention Strategies Organisations should Focus on

Per a employee retention study, it was found that high-

retention companies are more likely to identify eligible

employees for retention…

Page 7: Minimising Turnover: Retention Strategies Organisations should Focus on

Factors that aid in employee retention include:

A. Good Working Conditions

Page 8: Minimising Turnover: Retention Strategies Organisations should Focus on

B. A Friendly Work Environment

Page 9: Minimising Turnover: Retention Strategies Organisations should Focus on

C. Encourage Innovative Ideas

Page 10: Minimising Turnover: Retention Strategies Organisations should Focus on

D. Effective Communication

Page 11: Minimising Turnover: Retention Strategies Organisations should Focus on

E. Learning Opportunities

Page 12: Minimising Turnover: Retention Strategies Organisations should Focus on

F. Clear Career Progression Path

Page 13: Minimising Turnover: Retention Strategies Organisations should Focus on

G. Recognition of Work

Page 14: Minimising Turnover: Retention Strategies Organisations should Focus on

About ICFAI Flexible Learning ProgramsICFAI Flexible Learning Programs are designed primarily for Working Professionals to pursue their

management program while they continue to work. These programs provide them with the Skills, Knowledge

and Strategic Perspectives required for them to succeed at their workplace and promote their career

progression.

The programs range from Modular >> Certificate >> PG Diploma >> MBA in the functional areas of Finance,

Marketing, Operations, HR etc. and covers the industry sectors like IT/ITES, Health Care, Pharma, Telecom,

Banking, Financial Services and Insurance, etc.

Features - Flexible Learning Programs:

✓ Convenient and Flexible Mode of Learning

✓ Innovative learning methodology backed by Contemporary Curriculum

✓ Quality Courseware along with new-age learning aids as part of the Hub & Spoke Learning Model

✓ Online Counseling Classes

✓ Web support for the students

✓ Easy fee payment patterns including EMIs

✓ Examination thru Computer Based Testing (CBT) pattern – conducted 4 times in a year, giving flexibility to

the working-class in choosing the schedules

Page 15: Minimising Turnover: Retention Strategies Organisations should Focus on

Thank You

Phone: 1-800-200-9977

Email: [email protected]

Website: www.flexible.icfaiuniversity.in