Employee Retention Plans: What Are They and How Do You Implement One?

Hi all,

Could you kindly let me know what an employee retention plan is? Are there any steps or processes to implement this?

Thanks and regards

Hi,

An employee retention plan is a strategy to retain employees within organizations by providing various monetary or non-monetary benefits. The key is to formulate various employee retention plans and implement them effectively. Organizations often offer Employee Stock Ownership Plans (ESOPs), Mediclaim benefits, retirement benefits, children's education benefits, accommodation benefits, free meal facilities, pick-up and drop services, various recreational facilities at work, holiday packages, and more. The list of possible benefits is endless.

Amit Goyal

Kindly find attached some material on the said subject. The same might be of some use to you.

Hello Ravula,

Could you kindly let me know what an employee retention plan is? Are there any steps or processes to do this?

Unless we start the process before job offers are made, we will be waging a hard-to-win battle. We need to hire for talent.

Bob Gately
gately@csi.com