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RETENTION PLANNING

NAME ROLL NO. Mahesh Nair 26 Renita Rebello 40 Sachin Howal 16 Minal Sawant 48 Siji Mathew 53 Minal Ghag 13. RETENTION PLANNING. Content. Meaning- Employee Retention

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RETENTION PLANNING

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  1. NAME ROLL NO. Mahesh Nair 26 Renita Rebello 40 Sachin Howal 16 Minal Sawant 48 Siji Mathew 53 Minal Ghag 13 RETENTION PLANNING

  2. Content • Meaning- Employee Retention • Reason why employee come/ stay with organization • The Three Rs of Employee Retention • Keep Employees • KEi's Employees Retention Wheel • Hiring, Learning, Communicating and Paying. • Employee Retention Tools • How to Help Managers With Employee Retention • Makes employees to "fall in Love" with your organization. • Myths • Simple Rule- Engage employers are retained employees. • Case Study- Wipro BPO

  3. What Is 'Employee Retention' ? • Employee retention is all about keeping good people.’ • Getting our compensation and benefits into line with the marketplace. • It’s about culture and how employees are treated. • It’s about presenting a consistent, effective employer proposition across the entire employee life cycle, thus ensuring that the employer source, hire, manage, and develop employees who partner with them in achieving the organizational goals.’

  4. The Three R’sof Employee Retention

  5. Benefits of three R’s” approach Increased productivity Improved profits Reduced absenteeism A more pleasant work environment.

  6. Keep Employees KEi’s system is the first comprehensive, web-based for employee retention. Employee Retention Wheel comprises of 3 Rings. Inner ring a has greater impact compared to the two outer rings 5058 West ridge Dr. > Fort Collins, CO 80526 1-888-458-1885, www.keepemployees.com

  7. Inner Ring

  8. Four Most Important linkage Between Employers & their Employees… • HIRING • LEARNING • COMMUNICATION • PAYING

  9. Good Hiring Solutions

  10. Good Treatment Solutions

  11. Learning Solutions

  12. Communication Solutions

  13. Paying Solutions Pay Calculating

  14. Paying Solutions • SETTING BASE PAY TOOL • Skills level rating grid • Performance Feedback profile • Pay slotting chart • TEAM GOAL SETTING 1. Goal Setting Template 2. Cash Calculator 3. Incentive Calculator

  15. Employee Retention Tools

  16. How to Help Managers With Employee Retention • Integrate core values about people and a mission and vision • Performance development Plan • Training in Core Management Skills • Management development coaching and feedback. • Schedule and hold learning organization events. • Funding for conferences and educational development. • 360 degree feedback recognize and value employees, • Coach employee performance, • Handle employee complaints and problems, • Provide a motivating work environment, and • Hold career development discussions with employees.

  17. Makes employees to "fall in " with your organization. • Treat your employees like you treat your most valuable clients • Strong retention strategies become strong recruiting advantages. • Retention is much more effective when you put the right person into the right job. • Money is important but it is not the only reason people stay with an organization. • Employee committees to help develop retention strategies is a very effective strategy. • Leadership must be deeply invested in retention. • Recognition, is a powerful retention strategy. • Remember, the "Fun Factor". • Know the trends in benefit packages.

  18. Myths People most often leave a company for more pay. Incentive programs produce long-term profits and improve productivity and morale. People don’t want more responsibility.

  19. Simple Rule- Engage employees are retained employees. Engaged employees • Committed to the organization • Far more productive then disengaged employees • Extremely profitable • Provide excellent customer service • Much safer in the workplace • Inspire fellow employees to do great work • Very effective in attracting new employees http://www.contentwriter.in/articles/hr/employee-retention-tools.htm

  20. Wipro BPO • Wipro BPO has been rated as one of the Best Employers in India (Best Employers Hewitt Survey for 2007). • Wipro Spectra mind has been awarded the NHRDN (National HRD Network) Trailblazers Award 2004 during the International NHRD Conference 2004, hosted in Bangalore. • Wipro Spectra mind was also noted for its innovative practices in the areas of attracting the right talent, reward and recognition, promoting fun as a written down operating principle, learning, employee communication and compensation which are amongst the key reasons for the spectacular success of the company. Wipro BPO, Spectra 2nd, 3rd Floor, Spectra Building, Hiranandani Gardens, Powai, Mumbai - 400 076, http://careers.wipro.com/bpo/index.htm

  21. Different Types of Services Being Offered By WIPRO (bpo) • Customer Support Services • Technical Support Services • Telemarketing Services • Employee IT Help-desk Services • Insurance Processing • Data Entry Services / Data Processing Services • Data Conversion Services • Scanning, OCR with Editing & Indexing Services • Book Keeping and Accounting Services • Form Processing Services: • Internet / Online / Web Research

  22. BENEFITS PROVIDED Apart from the legal and mandatory benefits such as provident-fund and gratuity, below is a list of other benefit: • Group Medi-claim Insurance Scheme • Personal Accident Insurance Scheme • Subsidized Food and Transportation • Company Leased Accommodation • Recreation, Cafeteria, ATM and Concierge facilities • Corporate Credit Card • Personal Health Care (Regular medical check-ups) • Loans and Educational Benefit • Performance based incentives • Flexi-time • Flexible Salary Benefits • Regular Get together and other cultural programs • Wedding Day Gift • Employee Referral Scheme • Employee Stock Option Plan

  23. HR practices • Method of calculating employee turnover-. No of the employees in the beginning of year/ no of employees in the closing year*100 • Organization attrition rate (2007-2008)- 15% • Reasons for attrition- Competitors, better salaries, • Employee benefits- Night Shift allowances, conveyance allowances, food coupons, incentives, transportation other benefits. • Improve retention- Career Development, Reward & Recognition, • Steps taken to reduce attrition- Good Training Calendar, salary rise as per market standards, better career growth, healthy environment at work place • Step to cope with attrition- Providing Training, personal development. • Retention strategies- Reward & Recognition

  24. Thank You

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