Select some 6-8 companys. different sectors manufacturing, service, IT etc study the exit interviews and make an analysis. you will conclude withwonderful information with answers to retention of employees.
superannuation Scheme, long term loans, performance bonus , employee career dev path, Training, recognition are few to name for employee retetion. However the above will vary from industry to industry , regional to regional requirement
You can do things differently too. Even though your project is on “Employee Retention”, rather than going and asking companies about their retention schemes provide them a solution for your high turnover.
1. Find a company which has a problem with high turn over.
2. Observe the Company hiring, recruitment, selection, orientation, training programs etc.
3. Conduct an employee satisfaction survey with all aspects such as monetary benefits & non monetary benefits covered.
4. Include aspects such as facilities, personal growth etc.
5. Identify the organizations strengths & weaknesses on an employee point of view
6. Provide solutions for the identified weaknesses
It is really good to know that you have selected a project which is one of the major challenges which most of the organizations are facing, i think there are a lot many aspects which one needs to focus in terms of employee retention, and one of the major factors will be the satisfaction level of the employees in the organization - towards the organization, towards the policies and benefits, towards their immediate supervisors, coz if you read articles they focus on one thing "Employees do not quit their jobs they quit their bosses"
taking a cue from here you can start working on these aspects.
If you still need some more information, it will be really helpful if you can give details on the kind of organization you are doing this project for, for E.g number of employees working, different employee benefit policies or schemes E.T.C,
For any further clarification you can get in touch with me through my mail. My mail ID is , and my mobile number is 98843 04539.
I hope the above article will help you for retaining your top talent.
I am working in a German based (100%) power backup concern (mainly dealing with product selling) for the past 2 yrs. here i am facing problem of high attrition, in the sense that people resignation is very high, as this is sales based company,
all people who are resigning are very much skilled in sales field
Can you suggest me retention method to hold my people?
(pl suggest me all sort of motivation aspect like training & development, employee benefit/welfare increase and etc.,)
Pl put maximum ideas
i am student of mba and doing my training in chemical company and i am requered to submit project on d topic retention of emplyees and i am facing some problem regarding how to proceed with my project anyone having knowledge about the topic plz help me