Employee Retention Challenges: How Do You Keep Your Team Engaged and Loyal?

Please give me your valuable suggestions about employee retention processes. How do you handle retention, and how is the employee retention process performed in your company?

Thank you.

Enhancing the Working Environment

Create a better working environment by providing facilities for employees, such as subsidized food. Implement a retention bonus scheme and an effective Performance Management System (PMS). Consider Employee Stock Ownership Plan (ESOP) schemes, if applicable. Ensure the pay structure aligns with industry standards. There are many more aspects to consider for improving the overall working environment.

Regards,
Pon

The post by Mahendra appeared at https://www.citehr.com/82743-employe...#axzz1Vx9Sj5zq and was posted by Supriya on 20/08/2009.

May I please take this opportunity to appeal to members that we should acknowledge the source of our information when we are not the authors of the script.

Have a lovely day.

Regards,
Simhan

[QUOTE=mahendrabitta;1655756] Hi Pranavi, The below-mentioned words on retention are crucial in the current world.

Employee Retention:

Employee retention involves implementing measures to encourage employees to stay in the organization for the maximum period of time. Corporates are facing numerous challenges regarding employee retention.

Mahendraji, very good input.

Regards, C.M. Prakash