Struggling with High Employee Turnover? Seeking Effective Retention Strategies

Hi all, I am Sandhya, working for a software company as HR. Kindly, can anyone help me to know the best practices for employee retention? In my company, freshers are joining and leaving the organization without any proper notice period. They cite some personal reasons for leaving which we can understand. Additionally, we do not believe in implementing bonds.

Best Practices for Employee Retention

Please assist me in finding the best practices to reduce employee turnover.

Thanks & Regards,
Sandhya

Here are some of my suggestions to tackle this:

1. If you are finding more attrition among freshers, it could be due to errors in the recruitment process. Study your recruitment process, discuss with line folks and management, collect feedback, and then identify the actual issues. If necessary, realign the process.

2. Try to understand the salaries offered in similar industries for similar positions and check for parity. You may not be able to completely eliminate disparity, but you can reduce it to some extent.

3. Make your induction/orientation process interesting and useful for the candidates.

4. Ensure that freshers do not feel lost when they join and keep them away from becoming 'lost souls' in your organization.

5. Avoid overloading freshers (or any new joiners) while also ensuring they are not left idle.

6. Inspire them and help them develop a passion for the work they are supposed to do.

I hope these suggestions are helpful. Let me know if you need further assistance.