Retention Strategies in India: What Are the Most Effective Approaches?

Hi All, I would like to know the best retention strategies practiced in India. Please help.

Regards,
Lakshman

I would appreciate it if you could let the members know the industry you are in to provide specific details. Retention strategies differ from industry to industry and can never be generalized. Please feel free to contact me for any assistance.

Regards,
Padmanaban. M

Can you be more specific about the retention aspect you wish to know about? I have extensive knowledge of document retention policies if that's what you want.

Hi People, I work for a Facilities Management company, a multinational corporation (MNC), and we have engineers (ITI, DEE, & BEEE) working for us. We have observed that the attrition level is more than 10%. Therefore, I would like you guys to help/guide me in putting a tab on this.

Regards, Lakshman

I am in a similar predicament. I am in the process of building a retention policy for my company. I could use any help whatsoever with regards to retention strategies/policies.

Regards,
Pallavi

Document Retention Policy Development

I have worked on document retention before; therefore, to develop a policy, you need to:

• Identify what type of documents are being used by the organization, segregated departmentally.
• Determine the purpose of these documents.
• Specify whether these documents are stored electronically or in hard copy.
• Assign a retention period to each type of document, usually 5 to 7 years.
• Outline the company's objectives towards document retention, whether electronic or hard copy.

However, I found a sample retention policy online. I hope it will provide you with insight on how to work on yours.

Regards