Dinesh Divekar
Business Mentor, Consultant And Trainer
Abedeen7
Assistant Manager Human Resources
Vishaldudhate
Hr Generalist
Nashbramhall
Learning & Teaching Fellow (retired)
Couvery
Consultant

Dear All,
Am working as HR in a mid size organisation, attaching few retention tool kindly go through and share your views...i strongly feel these strategies would help us out to minimise the attrition...
Pl share your thoughts, whether these strategy would work out best for mid size org?...
Also suggest me some strategies..
Specifically am also looking out for strategies that would prevent the new joiners from absconding in few months..
Regards,
Kavitha
5th August 2013 From India, Chennai

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File Type: pptx Retention Strategy.pptx (206.1 KB, 478 views)

The presentation you have prepared is really nice work of you and it covers many aspects that work as retention strategy.
The most important thing is to prevent attrition is to make your employees feel good working in your company and based on that you should prepare company policies.
5th August 2013 From India, Lucknow
Dear Kavitha,
You have shared the presentation. Have you prepared the presentation?
On slide No 2, you have given data on why people stay. But then what is the source of this information? Who has conducted this survey, where it is conducted and what was the sample size? There is no information.
Above all, you are working in HR then have you tried implementing the strategies that you have shared with others? Which worked best for you? Which did not work and why? What other challenges did you face in implementing these strategies? Are the strategies mentioned in the ppt is your wishlist? These details are important than presentation itself.
Thanks,
Dinesh V Divekar
5th August 2013 From India, Bangalore
Dear Dinesh,
Thanks for your time in looking into the PPT and sharing your views..
Yes i had prepared this PPT based on my views i feel these strategies would work out to retain an employee to certain extent..
And this survey conducted was in general got it from google, hence am not aware of the sample size..
could you pl put forth your views whether these strategies would workout for mid size org?... and few suggestions from your end " Retention Strategy"
Regards,
Kavitha
6th August 2013 From India, Chennai
Dear Kavitha,

Good to note that you have taken my views in right spirit.

When we quote some data, it is important to quote the source of information. Please note.

Yes, retention strategies will work surely. But then these will differ from one industry to another. These will also differ from one company to another. For example, TCS and mid-sized IT company in Chennai are from same industry but then retention challenges would differ for both.

Coming back to slide No 2 again. What your slide does not mention is "employee empowerment". In India, there is no empower to speak of. Decision making is heavily centralised. Frankly speaking businesses from India are controlled by certain castes. They have their own way of doing the business. It is in their DNA. These people will never change come what way. New generation has acquired MBA degrees from foreign universities. But the ground reality did not change at all

In the same slide what you have given is positive aspects of retentions i.e. dos. But then what about donts? Employee retention also depends on the motivating work environment. Now motivations needs differ from person to person. What is the use of retaining that employee who is not necessarily motivated? He/she sticks to the company but for some different reasons. Click the following links to read my reply on employee motivation:

https://www.citehr.com/427885-motiva...ml#post1934498

https://www.citehr.com/455372-techni...ml#post2040493



Employee exit is not bad per se. If exited employee becomes positive spokesperson in the job then what else do you need?

Thanks,

Dinesh V Divekar


6th August 2013 From India, Bangalore
Dear Dinesh,
I completely agree with you, for mid-size IT company can you pl suggest some retention strategies?...
Few concern which i am facing is :
quite high on unauthorized absence within one month of joining
And i wanted to retain my long term employees ( will an employee development program work?)
Regards,
Kavitha
6th August 2013 From India, Chennai
Dear Kavitha,

I have gone through your pppt its quite nice and you have tried to cover many aspects.

I would like to suggest you the following:

1.If you want your employees to be retained then " keep them inspired".

2. Activities like Peer Appreciation should also be taken up.

3. Visible Perks like cookware, refridgerator, cars do become a retaining factor for the firm.

4.Security aspects like Reimbursement of hospitalisation expenses in reputed hospitals for family members, Parents etc also have a big impact on retention of employees.

5.Free abroad tour for for employees sponsored by the company for learning, education or could be a sabbatical for education etc can also become a retaining factor.

6. Identifying stengths and weakness of employees, creating an action plan for improvements and also creating an individual development plan by training and coaching them for next higher level position is also a retaining factor.

7. Implementing engagement initiatives like formal communication framework- listening exercises, enhancing leadership skills.

8. Team building activities can also be taken up alongwith execersies to identify weak areas in the team and also creating action plans for improvement.

9. "CULTURE OF RESPECT" should be created which does go a long way in retaining employees.

To remember that employees can be retained by giving them the "INTANGIBLES" which are difficult for the competitors to replicate .

Hope this helps you.
6th August 2013 From India, Mumbai
Dear Vishal,
Thanks for your suggestions, overall concept i got it from you...will work on it
If you could brief me what exact activity can be implemented in a mid size org for retention?
That would be very helpful
Regards,
Kavitha
6th August 2013 From India, Chennai
Dear Kavitha,
For mid sized organisations following activities can be taken up:-
Identifying individual areas of improvement and making action plans in form of training.
Talent Engagement initiatives like Formal Communication framework – Listening exercises, town halls, Birthday bash, Motivational Guru Poornima day, customer delight day.
teambuilding activities.
Fun at Work activities at organization level.
SWOT analysis
Hope this is the exact answer you are expecting in terms of exact activities.If still not please revert.
6th August 2013 From India, Mumbai
Dear Vishal,
Currently we are doing these activities at regular intervals... but my management team feels these activities contribute only liltle part of retention..
My main concern is to retain new joiners who leaves the organisation within a month ( unauthorised absence)
Pl brief on SWOT analysis.. is there any particular way to conduct this?
Regards,
Kavitha
6th August 2013 From India, Chennai
Dear Kavitha,

for new joinees you will have to chalk out ways to find out what were the exact reasons for them to abscond. This can be done through having a closer look or studying how their department is functioning. In my experience when i encountered such a problem we did a study of the way that new joinees department is working by analysing the people's behaviour, gathering facts of what was happening in the department in discreet yet informal way.

We also spoke to the friends of the new joinees and thus many reasons for their absconding coukl be traced from all this.Create informal groups which will also help you provide good insights in this regard.Please also ensure that there is a proper hand holding for the new joinees in the organisation. in many cases assigning buddy alone is not enough.Maintain interaction with new joinees to understand their problems. grievences formally and informally.

For SWOT analysis you can take a particular department or you can take 2-3 departments together for a brainstorming session or alternatively you can also conduct a survey in your organisation which will provide good insights on your organisations strengths and weaknesses internal and external both.You may also make use of targeted questionnaires.

Please also analyse your organisations from the following aspects:-

staffing - does your organisation have right number and quality of people,

Systems and Policies - What kind of policies and systems are prevailing in line with culture.

Shared values - are the values understood by all employees and they being practised.

Hope this helps.
6th August 2013 From India, Mumbai
Kindly see Asda rolls out degree programme for staff - Yahoo! Finance UK to know what a supermarket chain is doing in the UK.
13th August 2013 From United Kingdom
Hello Kavita,
Your presentation and comments from seniors and experts are useful and informative.
I am also working on employee retention policy for the company. Preparing in pen and paper is easy but it is very difficult tin implementing the same.
I would like to add that competitive pay, positive working environment and continuous development programs are major factor for employee retention. Beside this open house and proper grievance address system will be added advantage.
Kindly keep updated about your experiences in implementing.
13th August 2013 From India, Bhubaneswar
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