Dear Community members, Can anyone suggest the best retention policy for the manufacturing industry? Thanks
From India, Lucknow
Acknowledge(0)
Amend(0)
From India, Lucknow
Acknowledge(0)Amend(0)
Pay decent salaries and retirement benefits, and offer loyalty bonuses to those who remain with the organization for certain periods—say, three years, five years, ten years, etc.—to make them feel secure in the hands of the company's management. These strategies will help you retain manpower. Including performance-based incentives as part of the compensation package would also increase productivity. No modern HR theories will provide a definitive solution for employee retention, but offering good salaries and job security will yield positive results.
From India, Kannur
Acknowledge(0)Amend(0)
4526From India, Kannur
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Effective employee retention strategies-BPO. doc
Employee Retention Tools.pdf
Employee retention.pptx