Date post: | 29-Nov-2014 |
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Business |
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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