Uploaded on Aug 21, 2022
Retention Of Employees
Retention of employees
HRM PROJECT
ROLE OF HR PLANNING IN RETENTION OF
EMPLOYEES
(India Yamaha Motors, Faridabad)
Group Members :-
1. Anand C.S. ePGP-02-008
2. Arul Deepak Sundararaj ePGP-02-012
3. Gagan Deep Singh ePGP-02-027
4. Gagan Dua ePGP-02-028
5. Manoj Kumar ePGP-02-039
6. Sivasankar Arunachalam ePGP-02-074
Human Resource Management
“We cant stop employees from
leaving unless we have a plan to
make them stay!”
“Objective of study”
To identify variables which have a significant impact on the
retention of employees:-
•Identify prominent areas of attribution among the employees.
•Assessing and improving employee satisfaction
•Judge the level of workforce engagement
•Gauge and reinforce the organizational culture and climate
•Improve the retention levels in the organization
•Provide insight and reinforce the organizational values and
ethos
•Assisting in the optimal utilization of resources
•Assisting in managing and incorporating change in the
organization
•Examine the past objectives and help in setting the same for
the future
•Improve communication and understanding of employee's
issues & expectations
What is Employee
Retention?
Employee retention is a process in
which the employees are encouraged
to remain with the organization for
the maximum period of time or until
the completion of the project.
Employee retention is beneficial for
the organization as well as the
employee.
Employees Retention involves five major things:
Compensation Environment Growth
Relationship Support
What is retention all about?
R-enemurate all about
E-ncouragement and expectations
T-raining and development
A-nnual review cycles
I-nform and involve
N-urture
What makes employee leave ?
Job is not what
employee expected.
No growth
opportunities .
Lack of appreciation.
Lack of trust and
support.
Stress from
overwork.
Compensation.
New job offers.
Employee Retention Strategies.
Hire the right person in right
place.
Empower the employee.
Make them realize that they
are valuable for Organization.
Have faith in them , trust &
respect them.
Provide Information &
knowledge.
Give feedback on performance.
Recognize & appreciate their
achievements.
Keep their morale high.
Create healthy environment.
Importance of Employee
Retention.
The cost of turnover.
Loss of company knowledge.
Interruption of customer services.
Turnover leads to more turnovers.
Goodwill of Company.
Regaining efficiency.
RESEARCH METHODOLOGY
Research is an organized inquiry designed and
carried out to provide information to solve the
problem. The fact, search is an art of scientific
investigation of a certain problem. “Research is
the process of systematically obtaining accurate
answers to significant and pertinent questions by
the use of the scientific methods gathering and
interpreting information”.
Thank
you
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