2. ATTRITION
OUR ASSEST WALK OUT OF THE DOOR EACH
EVENING.WE HAVE TO MAKE SURE THAT
THEY COME BACK THE NEXT MORNING
- NARAYAN A MURTHY
CHIEF MENTOR OF INFOSYS
5. Monetary factors
Lack of good working condition-
No Flexible work schedules.
Reasons why an employee leaves an
organization
6. Lack of respect-
Very Few Supportive colleagues:
Organization is more concern
toward business
Increase in favoritisms
Cont…
7. Cont…
Employee needs pride in where they
work & what they do
Lack of appreciation
Lack of challenges in job
The job or workplace was
not as expected
8. The Mismatch Between Job and
Person
Too Little Coaching and Feedback
Lack of support
Cont..
9. Stress From Overwork and
Work-Life Imbalance
Loss of Trust and
Confidence in Senior Leaders
Less frequency in giving
rewards.
Cont…
10. EFFECT ON ORGANIZATION
IF ITS EMPLOYEE LEAVE
Loss of productivity
Replacing qualified employees
Poor retention creates a “revolving door”
culture within the organization lowering
morale and confidence.
Cost of overtime or temporary help
Recruiting costs
Interviewing costs
Time spent in orientation
12. 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.
13. Importance of Employee retention.
The cost of turnover
Loss of company Knowledge
Interruption of customer Service
Turnover leads to more turnover
Goodwill of the company
Regaining efficiency
14. Key Areas in Employee Retention
Compensation Environment Growth
Relationship
Support