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GROUP MEMBERS

1. FLORENCE VOHRA12

2. ANKITA JAIN 133. ARWA LOKHANDWALA 264. MUBASHIRA 285. AKSHA SHAH

436. SUJAY JETHLIA

61

7. VENU GOPAL

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ACKNOWLEDGEMENT

Apart from the efforts by us, thesuccess of any project depends

largely on the encouragement and

guidelines of

the professor therefore we wouldlike to show our greatest

appreciation to Prof.

RITIKA. Without her encouragementand guidance this project would not

have been ossible

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CONTENTS INTRODUCTION

IMPORTANCE OF HUMAN RESOURCE

RECOGNIZING THE PROBLEM

SOLUTIONS

IMPORTANCE OF RETAINING EMPLOYEES

EFFECTIVENESS OF RETAINING EMPLOYEES

THREE RS OF EMPLOYEE RETENTION

PERCEPT-INTRODUCTION

SURVEY

CONCLUSION

BIBLIOGRAPHY

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INTRODUCTION Employees stick to anorganization for a longer period oftime.

Employees fully trained leaves thejob, causes lost to organization.

Measures are undertaken for

retention

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IMPORTANCE OFHUMAN RESOURCE Manager of people must try to keep those

individual whoworks hard.

Look after your people and the businesswill look after itself. Look after the small things and the big

things look after themselves

No business nor revenue. Each individual create the

larger picture of success.

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PROBLEM FOR

RETENTION Who is responsible for staffretention?

Why are people leaving the job?

Rewards are not given?

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Substantial Costs ThatOccur When A Person

Leaves An Organization1. Lost Productivity Costs.

2. Recruitment costs.3. Training costs.

4. Lost sales costs.

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SOLUTIONS 1.TOP PERFORMER PROFILE Retaining good staff begins duringthe recruitment.

Recruitment is key-challenging.

2.ORIENTATION ANDONBOARDING

New hires are oriented to theworkplace, culture and trained inthe role.

Clear understanding of the role

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3.PERFORMANCE REVIEWS

Positive feedback on a regular basisdoes more to propel success in anindividual.

Reviews increase the chance of anunderperforming employee improvingtheir performance.

These individuals are often the mostopen to suggestions of improvementand are ready to be molded into themost ideal of

employees.

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4.MORALE Impact on productivity, customer

service, turnover, absenteeism andlitigation. Employees feel respected, valued,and appreciated.

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5. COMPETITIVE COMPENSATION

Keep employees onboard.

Benefits can extend beyond thetraditional health insurance andretirement programs

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6.NON-MONETARY REWARD AND

RECOGNITION7. EMPLOYEE SURVEYS

8. EXIT INTERVIEWS

9. THE BOOMERANG EFFECT

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EMPLOYEE RETENTION

Productive andhappy workforcewho are collectively

focused on theorganizationssuccess.

Causes of

undesirableturnover.Tactics that willimprove top

performing staff

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IMPORTANCE OFEMPLOYEE RETENTION

ManageEmployee

Turnover

Cost effective

Maintain

Performance andProductivity

Increase morale

of the Employees

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EFFECTIVENESS OFRETAINING EMPLOYEES

Clarity of role Good Managers/Supervisors Open and transparent cultureTalent management and skill

utilization Learning and growth opportunities

Communication and contact

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3 R'S OF RETENTION

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Founded in 1984, is at an enviable

leadership position today, with ateam of over 2,000 people and 62offices in India and the Middle East

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Percept

operates in 3verticals: Percept Entertainment

Group Percept Media Group Percept Communications

Group

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QUESTIONNAIRE

1. Total strength?

2. structure of the organization?

3. HR responsible foremployment retention?

4. Attrition rate?

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5. techniques to retain youremployees

monetary

non monetary

o

Rewardso Motivational

Special days Games

Competitions

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6.Discrimination in the policies

7.Promotion policiesKRAs

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8.How often do you update yourstrategies

9. Exit interviews

N LU I N

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N LU I N

Employees who outperformbeyond expectation reducesthe need to recruit and cuts

related hiring and trainingcosts

Keeping enthusiastic and topperforming employees is an

art Minimum expenditure,maximum output

Retention strategy is not static

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BIBLIOGRAPHY http://blog.noellevitz.com/2011/01/21/6-keys-setting-r

http://www.themarq.com/2010/03/employee-retention

https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=

employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.

http://www.drakeintl.co.uk/Publications/Employee-Ret

http://blog.noellevitz.com/2011/01/21/6-keys-setting-realistic-student-retention-goals-developing-successful-student-retention-strategy/http://www.themarq.com/2010/03/employee-retention-goals-progress.htmlhttps://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637http://www.drakeintl.co.uk/Publications/Employee-Retention.pdfhttp://www.drakeintl.co.uk/Publications/Employee-Retention.pdfhttps://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637https://www.google.co.in/webhp?hl=en&tab=ww#hl=en&sclient=psy-ab&q=employee+retention+techniques+pdf&oq=employ&gs_l=hp.1.0.35i39j0l3.170122.171647.5.173717.6.6.0.0.0.0.447.2125.2-2j1j3.7.0...0.0...1c.PY0OlqfoUNM&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=b28e2dec4d5033d0&biw=937&bih=637http://www.themarq.com/2010/03/employee-retention-goals-progress.htmlhttp://blog.noellevitz.com/2011/01/21/6-keys-setting-realistic-student-retention-goals-developing-successful-student-retention-strategy/

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