Employee Retention a challenge
Download as PPT, PDF5 likes1,576 views
Employee retention is a challenge for companies as talented employees are their most important asset. The document outlines several key reasons why employees leave organizations, including lack of appreciation, limited career growth, and poor work environment/facilities. Retaining top talent is important because high turnover is costly, replacing skilled staff is difficult, and low turnover leads to better organizational performance. To improve retention, companies should focus on ensuring employees feel valued, supported, and engaged by providing career development, a respectful work culture, competitive benefits, and overall well-being.
![Retention of Employees
“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.”](https://image.slidesharecdn.com/employeeretention-achallenge-131116003541-phpapp02/85/Employee-Retention-a-challenge-4-320.jpg)
Employee Retention a challenge
- 1. Employee Retention – A Challenge
- 2. “A COMPANY IS KNOWN BY THE PEOPLE IT KEEPS”
- 3. ATTRITION OUR ASSEST WALK OUT OF THE DOOR EACH EVENING, WE HAVE TO MAKE SURE THAT THEY COME BACK THE NEXT MORNING. NARAYAN A MURTHY CHIEF MENTOR OF INFOSYS
- 4. Retention of Employees “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.”
- 5. Understand the reasons why do employees leave?
- 6. Top Reasons - Employees Leave organization • • • • • • • • • • • 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
- 7. Why is employee retention important?
- 8. Importance of Employee Retention • 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 performance of an organization leads to outstanding
- 12. What should do I to retain my talent? You have to ensure that your ……
- 13. • Employee should not feel unhappy & dissatisfied… Provide good facilities & better work environment
- 14. • Employee should not feel being left out … Provide friendly atmosphere inside the company
- 15. • Employee should not feel discouraged … Provide proper learning & growth opportunities
- 16. • Employee should not feel overburdened & stressed … Distribute & delegate proper workload
- 17. • Employee should not feel difficulty in attending office… Provide better facilities for commuting
- 18. • Employee should not feel being un-favoured … Treat everybody equally
- 19. • Employee should not feel his job is difficult… Provide appropriate training & guidance
- 20. • Employee should not be forced to do unpleasant things … Provide appropriate rewards & recognitions for work
- 21. • Employee should not feel giving up… Provide proper support in difficult times
- 22. • You should Seek & Give Support to your team members for achieving success
- 23. You should also take care of your employees…. Spiritual Well-being a sense of Connectedness, Purpose & meaning, Gratitude, Personal control / inner harmony Intellectual Well-being openness to new ideas, think critically, nourishment to creativity / curiosity & motivation to master new skills. Emotional Well-being Healing – from stress, anxiety & depression, Change – in thinking, feeling, and behaving, Self-confidence and Growth Social Well-being interaction with other people, through Marriages, Family get together, Social gatherings etc.
- 24. Occupational Well-being Physical Well-being 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 Environmental Well-being Minimize Global Warming, Air & Water Pollution, Noise & Vibration, Food Refining etc. Financial Well-being Helps to attain Stability & Security, Worth, Esteem & Self Actualization and
- 25. 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.
- 26. This way you should be smart enough to retain your valuable employees
Editor's Notes
- #2: Try to incorporate healthy workplace environment by implementing the best safety measures at the workplace.
- #5: *David Sirota: Coauthor of The Enthusiastic Employee: How Companies Profit by Giving Workers What They Want
- #6: *In a minute we are going to see the top reasons employees leave their jobs. *This information was taken from a compilation of published journal articles. *Before we continue, give me some reasons you think employees leave their jobs *What do you think the number one reason is?
- #7: Go through reasons Compare previous answers *How do you think this connects to your role in your county office? -How can you develop good working relationships with your co-workers to overcome the “connection” issue? -Have any of you had complaints by co-workers about your office setting? In the study by Bhasin, he refers to the workplace as sometimes being hostile. What are some ways you could help the office setting become more friendly? Extension Risk Management -Have you ever had a boss that made you feel appreciated or not appreciated? In what ways did he/she make you feel appreciated In what ways did he/she make you feel appreciated Give me some ideas about how you could make your co-workers feel appreciated Congratulate, compliments, end of the week lunch, thank you cards What about asking their input on certain decisions? Sometimes, that is a big compliment to people. -It is always a good idea to take into considerations what your co-workers/employees are saying. This could help your organization, work environment, and employee retention
- #8: *We covered this in the previous slide so answer this question for me… *In Extension, why is it important to keep employees long term?
- #9: *These studies suggest that it is important to keep employees long term because (read above) *How do businesses expand? Grow in size, right? How are they able to grow in size? By hiring more employees? Higher employee retention means more success for the business.