I am currently employed with a tech startup and have to put in place a retention plan for the company. The employee strength is approx 250 and spread across 6 major departments and 3 locations. Need help on how to approach the retention problem, key talent identification and initiate formulating a retention plan.
From India, Bangalore
From India, Bangalore
Dear Shalaka,
Is the retention of the employees a problem in your company? What is the attrition ratio in your company? Have you done the attrition analysis? Once you do the analysis, the report of this analysis will lay the foundation for the employee retention plan.
For Mohamed-Abdi-Abdullahi-Alasow: - Rather than making a "Professional Development Plan", please prepare the "Career Development Plan" (CDP) for the employees. Guide your employees in preparing the career path. If the employees are clear on the direction of their development and the next milestone of their career, it will bring focus to their activities. To attain the milestone, you need to guide them on what skill sets are needed so that they can execute their future assignments effectively. CDP is a tool of motivation as well.
An adequate amount of material is available on Google on CDP. You can use it. If you still have doubt then feel free to contact me.
Thanks,
Dinesh Divekar
From India, Bangalore
7884Is the retention of the employees a problem in your company? What is the attrition ratio in your company? Have you done the attrition analysis? Once you do the analysis, the report of this analysis will lay the foundation for the employee retention plan.
For Mohamed-Abdi-Abdullahi-Alasow: - Rather than making a "Professional Development Plan", please prepare the "Career Development Plan" (CDP) for the employees. Guide your employees in preparing the career path. If the employees are clear on the direction of their development and the next milestone of their career, it will bring focus to their activities. To attain the milestone, you need to guide them on what skill sets are needed so that they can execute their future assignments effectively. CDP is a tool of motivation as well.
An adequate amount of material is available on Google on CDP. You can use it. If you still have doubt then feel free to contact me.
Thanks,
Dinesh Divekar
From India, Bangalore
Retention strategies are policies and plans that organisations follow to reduce employee turnover and attrition and ensure employees are engaged and productive long-term. The key challenge for businesses is ensuring a retention strategy aligns with business goals to ensure maximum return on investment.You can’t expect employees to function like robots. When an employee’s work and life balance is out of whack, there’s pain. If your employee feels like she spends most of her life working instead of living, the job becomes the bad guy.
Consider the aviation industry, and the struggle airlines are having with a pilot shortage. There simply aren’t enough pilots to fill the airplanes, and a looming retirement wave of seasoned pilots promises to make the problem worse.
Airlines have been working at several solutions, with one being fairly obvious: offer better salaries than can be found elsewhere in the industry, and tempt pilots away from other airlines or from corporate aviation. This, in turn leads the Air Force to increase salaries for pilots, a kind of trickle down effect that will ultimately have the worst impact on those companies unable to compete with such salaries.Through employee surveys, direct feedback, or paying attention to industry trends, find out what is a point of frustration for employees in your industry....https://rplg.co/24c144b0
From India, Bengaluru
Consider the aviation industry, and the struggle airlines are having with a pilot shortage. There simply aren’t enough pilots to fill the airplanes, and a looming retirement wave of seasoned pilots promises to make the problem worse.
Airlines have been working at several solutions, with one being fairly obvious: offer better salaries than can be found elsewhere in the industry, and tempt pilots away from other airlines or from corporate aviation. This, in turn leads the Air Force to increase salaries for pilots, a kind of trickle down effect that will ultimately have the worst impact on those companies unable to compete with such salaries.Through employee surveys, direct feedback, or paying attention to industry trends, find out what is a point of frustration for employees in your industry....https://rplg.co/24c144b0
From India, Bengaluru
In order to make sure employee retention goes smoothly in a company, you need to make sure that you're organising the right activities for your demographic first. For more information on this, check it out from this HR thought leader's website: https://althr.my/resources/stop-good-employees-leaving
From Malaysia
From Malaysia
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Employee-retent ion-plan_1__185 .pdf
Effective employee retention strategies-BPO. doc