employee retention a challenge
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Employee Retention – A Challenge
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“A COMPANY IS KNOWN BY THE
PEOPLE IT KEEPS”
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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
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“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
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Understand the reasons why do employees leave?
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• 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
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Why is employee retention important?
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• 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
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What should do I to retain my talent?
You have to ensure that your ……
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• Employee should not feel unhappy & dissatisfied… Provide good facilities & better work
environment
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• Employee should not feel being left out …Provide friendly atmosphere inside the company
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• Employee should not feel discouraged …Provide proper learning & growth opportunities
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• Employee should not feel overburdened & stressed …Distribute & delegate proper workload
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• Employee should not feel difficulty in attending office…Provide better facilities for commuting
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• Employee should not feel being un-favoured …Treat everybody equally
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• Employee should not feel his job is difficult…Provide appropriate training & guidance
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• Employee should not be forced to do unpleasant things… Provide appropriate rewards & recognitions for work
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• Employee should not feel giving up…Provide proper support in difficult times
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• You should Seek & Give Support to your team members for achieving success
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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.
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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.
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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.
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This way you should be smart enough to retain your valuable employees
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