Hi Arpit,
Thank you for sharing such wonderful topics about retaining talent. This is a good one that has to be followed to overcome challenges in business. Keep it up, God bless you, and have a wonderful day ahead.
From India, Madras
Thank you for sharing such wonderful topics about retaining talent. This is a good one that has to be followed to overcome challenges in business. Keep it up, God bless you, and have a wonderful day ahead.
From India, Madras
Here we at distancelearn.co.in would like to share one of our services with companies: Employee Retention Strategy - Employees Professional Growth and Development. We are offering various Distance and Part-time Short Certificate, MBA, and PhD programs, where employers pay partial or full program fees for their employees with the intention of their personal growth and retention. Below are some major advantages for employers with our sponsored courses:
1. For example, if an employer is sponsoring a 2-year MBA program, which would cost somewhere between INR 30,000 - 40,000, the employee will be retained for 3 years - 2 years while doing the course and 1 year of contract after finishing the program.
2. Employees would be motivated by the fact that the employer is sponsoring/investing in their personal development and growth.
3. When a senior person leaves the company, employers would end up paying a huge amount to recruitment agencies for a replacement. This can be avoided by sponsoring courses and thereby improving employee retention.
4. In many consulting and service-oriented companies, clients are charged based on the number of employees and hours worked for them. The charge rate of the employees is often based on their years of experience and educational qualifications. Therefore, companies can benefit from higher charge rates if their employees have higher education degrees.
Employee retention, especially of your best and most productive employees, is a key challenge in organizations today. Organizational issues such as personnel development, training, and knowledge updating are crucial for employee retention. Failing to retain a key employee is costly, with various estimates suggesting that losing middle managers, team leads, and project managers can cost an organization up to 100 percent of their salary. The loss of senior, productive employees is even more impactful.
From India, Hyderabad
1. For example, if an employer is sponsoring a 2-year MBA program, which would cost somewhere between INR 30,000 - 40,000, the employee will be retained for 3 years - 2 years while doing the course and 1 year of contract after finishing the program.
2. Employees would be motivated by the fact that the employer is sponsoring/investing in their personal development and growth.
3. When a senior person leaves the company, employers would end up paying a huge amount to recruitment agencies for a replacement. This can be avoided by sponsoring courses and thereby improving employee retention.
4. In many consulting and service-oriented companies, clients are charged based on the number of employees and hours worked for them. The charge rate of the employees is often based on their years of experience and educational qualifications. Therefore, companies can benefit from higher charge rates if their employees have higher education degrees.
Employee retention, especially of your best and most productive employees, is a key challenge in organizations today. Organizational issues such as personnel development, training, and knowledge updating are crucial for employee retention. Failing to retain a key employee is costly, with various estimates suggesting that losing middle managers, team leads, and project managers can cost an organization up to 100 percent of their salary. The loss of senior, productive employees is even more impactful.
From India, Hyderabad
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