samsung employee retention
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Samsung Employee RetentionTRANSCRIPT
Samsung Employee Retention
Maged Elsakka
SamsungSamsung Samsung has a powerful influence on South Korea's economic
development, politics, media and culture, and has been a major driving force behind the "Miracle on the Han River". Its affiliate companies produce around a fifth of South Korea's total exports. Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP.
At Samsung, we are permanently committed to creating a truly global leadership culture
that is as diverse and vibrant as the markets we serve, and the products we make.
Only with our unique breadth and massive global reach can our people bring joy to people
through phones, media & entertainment. Or, with our Smart School Solutions and growing range of portable
medical devices, improve lives by spreading education and healthcare to the parts of our
global civilization that need it most.
SamsungSamsung With our endless ability to predict the next big wave (and create a
few of our own), joining Samsung Electronics will put you in touch with the future – and keep your career at the cutting edge of tomorrow's technology.
We are looking for outstanding global talents and future leaders, who are welcome and vital for us as we grow and evolve into a truly Global enterprise. We are on the cusp of the next chapter of our history. So join us. And make a real contribution to shaping our future, and bringing the next big thing to life.
What is employee retention What is employee retention
employee retention strategyemployee retention strategy 1. Right people (Hire). 2. Employee empowerment. 3. Employee being the most valuable asset. 4. Believe In Your Employees. 5. Provide them information and knowledge. 6. Feedback on their performance. 7. Recognize and appreciate. 8. Keep their morale high. 9. Create a “Healthy environment”.
these practices can be these practices can be categorized in 3 levels:categorized in 3 levels:
1) Low Level Employee Retention Strategies2) Medium Level Strategies for Employee Retention3) High Level Strategies
present secanrio of employee present secanrio of employee retention strategyretention strategy
Leaving of an organization for more pay.Incentives can increase productivity.Running away from responsibilities.Measures to increase employee
satisfaction will be expensive
This are the results Cont…
Managers’ poor supervision
Lack of growth potential.
Lack of recognitionDo not enjoy their job
Inadequate payJob is not challengingOverworkWork and life in-balance
Reasons Why employees leaveReasons Why employees leave
Retention pRocessRetention pRocess
and the Result of good Retention and the Result of good Retention pRocess is like thispRocess is like this
foR that theRe aRe some Retention foR that theRe aRe some Retention success mantRassuccess mantRas
This are the key area And the result is like this
Transparent Work Culture Quality of Work Supporting Employees Give empowerment
hoW to manage employee Retention hoW to manage employee Retention
This is the three stage process And follow this process
Identify the cost of employee turnover.
Understand why employee leave.(exit interview).
Implement retention strategies.
hoW to Retain employee hoW to Retain employee
Top talent wants to work for the top companies.
Build it and they will come.
Recognize and reward over and over again.
Don't take them for granted.
Know what their competitor does.
continuationcontinuation
Top 7 Ways To Improve employee reTenTIon Top 7 Ways To Improve employee reTenTIon and reduce employee Turnover example and reduce employee Turnover example
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1. Hire the best and avoid the rest.
2. Orientation program for new employees.
3. Provide flexible work place.
4. Learning new skills and advancing their career is just as important as the money they make.
5. Early warning detection system
6. Look for triggers.
7. Identify and weed out poor managers.
HoW To creaTe a WInnInG HoW To creaTe a WInnInG employee reTenTIon sTraTeGy? employee reTenTIon sTraTeGy?
Performance. Communication. LoyaltyCompetitive
advantage.
HoW To reduce employee TurnoverHoW To reduce employee Turnover
Extract DIAMONDS among the stones
Giving a finishing touch to your Diamond
Compensation package for those who make your organisation worth
WHy Is a Good manaGer WHy Is a Good manaGer ImporTanT?ImporTanT?
A Good Manager:
1. Healthy Workplace
2. Enriches and enlivens an employee’s work
3. Talent management
4. Develops a culture of loyalty
manaGer role In employee manaGer role In employee reTenTIon sTraTeGyreTenTIon sTraTeGy
Creating motivating environment
Standing up for the Team
Providing coaching Delegation Extra Responsibility Focus on future
career
manaGer’s role In employee manaGer’s role In employee reTenTIonreTenTIon
Retention◦ keeping desirable employees
Attrition◦ loss of personnel
Career Planning◦ bottom-up view of right people in right place
Succession Planning◦ top-down view of right people in right place
Samsung Samsung Retention
The resignation rate is 5% for Korea-based employees and 15.6% for overseas employees. Samsung Electronicsactively analyzes the factors behind employee turnover and reflects these findings in its HR managementpolicies. We also operate a career development center to help retiring employees find new jobs or start new Business .
Reasons Given for Resignations:
Samsung Samsung Retention
Labor and Human RightsSamsung Electronics abides by all labor and human rights laws in each
region it operates and strictly enforces
a ban on child labor, forced labor and workplace discrimination, in
accordance with articles 4, 6 and
16 of the company’s rules of employment. In addition, we strictly abide by
the 24 ILO conventions ratified by
the South Korean government. Samsung Electronics believes that mutually
beneficial development through
collaboration should be the basis of its labor relations management. The
company operates a Management-
Labor Council that inspects overseas operation sites and utilizes other
communication channels to monitor
Capacity Development :Capacity Development :
Samsung Samsung Remuneration
Wage by RegionSamsung Electronics is complying with minimum wage laws in all countries. It pays up to three-times the
minimum salary in regions in order to help improve the welfare and quality of life of its employees.
Employee Injury ManagementAlthough the rate of employee injuries increased in 2011 compared to 2010, 68% of injuries occurred during sports activities conducted at company social events. Samsung Electronics has since published a safety guideline and implemented a program to raise awareness of the importance of stretching and other exercisesto prevent injuries in non-industrial activities.We are also conducting regularly scheduled health and safety trainings on a wide range of issues, including industrial safety and employee health management.