Bensimo
Coaching Managers To Improve Their Skills
Vishwanathsavula
Human Resources
+1 Other

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Hello Professionals!
Just want to implement the best retension policy in our company..
So, what are the best possible ways to implement such policy? Do i need to organize recreational Activities? please suggest !

From India, Mohali
Hello Mr. Sanjeev Verma,
The best retention you want to practice needs clear study & analysis. Work out the reasons / factors resulting in attrition. And categorize the factors and start working out on each factor. For instance if salary is one of the factors, then you need to study the existing compensation policy as well your competitor's to find the appropriate solution. If the other factor is work load, then you need to workout on the manpower optimization. So do figure out the factors and later we can go about how can each factor be addressed.
Vishwanath

From India, Hyderabad
I agree with you Vishwanath. There are lot of factors like you mentioned. In my company, i dont find salary, the main reason of leaving the company, with the help of Exit Interview, i got to know that the behavior(of Senior staff) is main concern. So, what i find here, is that, Employees are not happy with each other (Specially with their managers). For that i want the best possible steps.. Actually these days im planning to organize recreational activities such as Indoor Games & Fun on weekends. But i need more suggestions to Harmonize my employees! Picnic, Movies & Trips i have thought of.
From India, Mohali
Hello Sanjeev

Your findings from the exit interviews seem to confirm the widely prevalent notion that employees do not leave the organisations but they leave the managers. In all organisational efforts to achieve a business goal, the manager-employee relations.will constitute the fulcrum as it propels such efforts and the myriad transactions that occur in those managerial trenches will have a bearing on the manager-employee relations and any friction in these relations and in those trenches may derail the efforts. As a plant needs a fortified bed of soil to grow healthy, the manager-employee relations to be fortified need a string culture of mutual respect, bonding and gratitude and one medium to foster this culture is the medium of employee engagement initiatives. Employee engagement does not mean conducting mere some recreational activities though they supplement the core engagement initiatives. the core engagement initiatives aim at infusing the skills of communication,empathy and nurturing and feelings of a sense of belongingness and ownership in both mangers and employees so that they shall feel that they are the branches of the same tree. Therefore employee engagement shall focus on this kind of learning and development.

B.Saikumar

In-house HR & IR Advisor


From India, Mumbai
Sanjeev,

The best retention policy is to treat your employees so well that they will never want to leave. Retention depends on whether the employee feels valued and respected. The same is true for whether they are highly motivated or demotivated, have high morale or are demoralized. So, treat them as if they are valued and respected and they will throw everything they have at the work and never want to leave.

I am willing to serve as the coach of your senior executives in order to create a highly motivated, highly committed, fully engaged workforce of Superstars who love to come to work and will almost never leave your employ. Although there are details of how to do this including exactly why these actions are effective while others are not, the following short video provides the essence of what I advise.

How to Create Engaged Employees (Leadership Skills Training Series)

Best regards, Ben

Author "Leading People to be Highly Motivated and Committed"

Leadership Skills for Managers and Executives.

From United States, Tampa
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