Managing attrition and retaining talent

1
Managing attrition and Retaining Talent
2

• Employee turnover has been on a rise in the last
  few years. Hence, it is no surprise that more and
  more companies are concerned with retaining
  talent. Creative strategies beyond monetary
  concerns can be deployed to attract and retain
  talent.

3
Hire the Best

• A bad hire can cost you in terms of finances,
  productivity, and credibility. Hence, you must
  start with hiring retainable employees. This can
  be done by implementing a comprehensive screening
  program that helps you choose from a pool of top
  talent.

4
Clarity

• Employees switch jobs due to lack of clarity in
  job positions, expectations, earning potential,
  and performance standards. Organizations that
  have inefficient systems and uncertainty about
  role definition fail to retain employees.
  Employees prefer getting clarity about their job
  profile and what is expected of them.

5
Flexible Environment

• Most employees today seek work-life balance. It
  is important to maintain discipline, you cannot
  expect your employees to work like machines.
  Giving your employees benefits like
  telecommuting, cafeteria-style work environment,
  and flexible work assignments can help you retain
  talent for a long period.

6
Growth Opportunities

• Employees today prefer a learning environment,
  where they get opportunities to learn and develop
  new skills. While training and development work
  as a retention strategy, to retain talent you
  must provide them challenging work opportunities
  that allow them to grow and contribute to their
  personal and professional growth.

7
Optimum Skill Utilization

• Harnessing talent to manage human resources in an
  organisation is another way to retain employees.
  Employees have hidden talents and multiple
  skills, which they prefer using to grow in their
  career.

8
Breed Leaders and not Supervisors

• Developing leadership capabilities that allow
  supervisors and managers to act as facilitators
  will help you retain talent. Most importantly,
  managing human resources starts with recruitment.
  By establishing comprehensive background
  screening in India, you will be able to hire the
  best candidates and reduce employee turnover.

9

• Thank you.

SecUR Credentials https//secur.co.in/ connect_at_se
cur.co.in 91 22 29217100