abhishreshthaa
New member
Here are some Strategies for Retention:
#1 Environment
A Talent mindset
#2 Learning
#3 Career Opportunities
# 4 Recognition
#5 RELATIONSHIP
Flexi – Hours
( Eg : Dr . Reddy’s )
Work-life Balance
( Eg : HP India)
Involve families
( Eg : LG )
#1 Environment
A Talent mindset
- Right Culture
(Competitive and employee-friendly atmosphere )
- Ensure transparency and trust
( Use multi-source feedback (360o feedback)
#2 Learning
- Strong leadership development programmes
(eg : Infosys- Leadership Development Centre
- Support for Higher Education
( Eg : Dr Reddy’s sponsors MBA fees + salary is paid )
#3 Career Opportunities
- Provide counselling
- ( Eg : At Oracle India , “Oracle Caller Line” , a toll free number - individuals call in and get information on career opportunities, etc)
- Help Employees grow
- ( A career-oriented, valued employee must experience growth opportunities within your organization. )
- ( Eg: At Gillette India )
- ( Companies like Colgate, P&G India, Smithkline, send quite a few employees abroad- it gives employees the two best motivators – early responsibility & global opportunities )
# 4 Recognition
- “People may take a job for more money, but they often leave it for more recognition.”
- Talent competition
- ( Eg : NTPC organizes Open Competition for Executive Talent (NOCET)
#5 RELATIONSHIP
Flexi – Hours
( Eg : Dr . Reddy’s )
Work-life Balance
( Eg : HP India)
Involve families
( Eg : LG )