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RETAINING & MOTIVATING EMPLOYEES By: Dr. Razi Azmat Head Human Resources - HBL 6 TH November 2008. WHAT IS MOTIVATION. Inner force that drives individuals to accomplish personal and organizational goals. WHAT IS MOTIVATION. Employee’s Point of View: Productivity Paycheck
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RETAINING & MOTIVATING EMPLOYEES By: Dr. Razi Azmat Head Human Resources - HBL 6TH November 2008
WHAT IS MOTIVATION Inner force that drives individuals to accomplish personal and organizational goals.
WHAT IS MOTIVATION • Employee’s Point of View: • Productivity • Paycheck • Job Satisfaction
NEED FOR RETENTION? Continued industry/ job growth +Mass exodus of baby boomers + Less skilled industry workers Shortage of talent & Increased turnover
CAREER PROGRESSION PLAN
CAREER LADDER – Cash Officer To Branch Manager A strong sense of direction coupled with responsibility, boosts motivational levels and enhances performance & productivity 5-6 Years GROWTH OPPORTUNI TY After relevant Rotation, Training & experience in various branch banking area’s, a Cash Officer/Junior Officer can grow into a Branch Manager position in a period of 5-6 years, accomplishing greater responsibility and challenge. 4-5 Years The growth ladder is directly proportional to the increase in the skills & the competencies which leads to a managerial position of a certain Branch function. (eg: Manager Credit, Manager Operations etc.) 3-4 Years Hands on experience in cash & front line operations will lead to career development in a specific area of interest within the branch (e.g. Operation Officer, Credit Officer, Marketing Officer etc.) 1-2 Years Rotation within cash areas in a branch for learning and skill development in different areas (e.g.. Cash Payments, Cash Receipts etc) START Placement of Cash Officer/Junior Officer in the Branch after training Branch Manager Officer CAREER LADDER
CULTURAL TRANSFORMATIONAL INITIATIVES
NEW LEARNING VEHICLES IFC PROJECT TECHNICAL TRAINING SOFT SKILL TRAINING TRAINING INITIATIVES
IFC PROJECT Developing a world-class training institute equivalent to International Standards
SOFT SKILL TRAINING Training at Executive Level Training at Middle Management Level Internal & External Training programs on Customer Service, Sales, Relationship Management skills etc Training for Fresh Graduates & Batches IESE / HARVARD / OTHER RECOGNIZED INSTITUTIONS LUMS / OTHER REPUTABLE TRAINERS INTERNAL & EXTERNAL TRAINING INTERNAL & EXTERNALTRAINERS
TECHNICAL TRAINING PROGRAMS Fresh Graduates, Post Graduates Middle Management CUSTOMIZED TRAINING PROGRAMS - DCGARDNER / EURO MONEY Senior Executives
To keep good employees, you must meet their needs and expectations, and understand what keeps them inspired.