Dear Community members, Can anyone suggest the best retention policy for the manufacturing industry? Thanks
From India, Lucknow
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From India, Lucknow
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Pay decent salaries and retirement benefits, offer loyalty bonuses to those who will remain with the organization for certain periods – say, three years, five years, ten years, etc. – and make them feel secure in the hands of the company's management. These strategies will help you retain manpower. Including performance-based incentives as part of the compensation package would also increase productivity. No modern HR theories will provide a definitive solution for employee retention, but offering good salaries and job security will yield positive results.
From India, Kannur
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4769From India, Kannur
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.