E m p l o y e e R e t e n t I o n
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Transcript of E m p l o y e e R e t e n t I o n
E M P L O Y E E
R E TE N T IO N
B O T TO M - L IN E F O R
A P R E SE N TA T IO N B Y T& A SO LU T IO N S
W H AT ?
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Employee Retention is the effort or ability of a company or organization to retain or keep back its employees from leaving the organization in a much positive manner rather than force. Its just the opposite of employee turnover
W H Y ?
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#1. Retaining the most valuable asset of an
organization reduces turnover to a great
extent which is time consuming and pinch on
the budget.
#2. High turn over can be very expensive.
Strategies geared towards retaining good
workers helps offset employee replacement
costs and reduces the indirect costs such as
decreased productivity and lost clients.
Therefore retention is important.
http://tasolutions.in/hr/
# 3. The process of retention somehow starts
from the very day of recruitment of an
employee. If the company have clear vision
and mission statements of its establishments
an provides good environment, the
employees will surely spread a word of mouth
to other candidates hence enhancing
recruitment
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#4. Companies with less employee turnover
rate is generally considered as an ideal
company and boosts morale of the
employees working there. It sort of builds the
overall reputation of the company
http://tasolutions.in/hr/
SO M E H A N D Y
ST A R A T E GIE S F O R
E M P L O Y E E
R E T E N T IO N A R E
SH A R E D IN TH E
F O L L O W IN G
SL ID E S . . .
TA SO LU T IO N S .IN / H R
Implement a well -designed
assessment and selection
process
Implement programs for
employee training and
development