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A Magic ofEMPLOYEE RETENTION

ByP.B.S. KUMAR

B.Sc,MA(PM),MA(ind.Eco.),MBA(HR),BGL,DLL,PGDIR&PMMANAGER-HR

ARANI AGRO OIL INDUSTRIES LIMITED(A Subsidiary unit of Premium Vegetable Oils Sdn.Bhd.,Malaysia)

Beach Road, KAKINADA-533 003East Godavari , Andhra Pradesh, India

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Pearls of thoughts forEmployee Retention

Grievances

RecreationPersonnelTraining

AttractivePackage

GrowthOpportunities

EmployeesRetention

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Growth Opportunities

Growth is everyones prime objective.Therefore it is implicit to offer growthopportunities.

The vital factor that ensures a majority ofsenior level employees remain associatedwith your organisation. This is morecrucial in an industry like BPO, which hasthe highest churn rate because of theprolonged boom in the industry.

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Attractive Package

Remuneration package is the driving forceof any employment.Handsome package as a platform forpeople to take new initiatives.Besides basic package, there can also beperformance-based incentives-relating totargets achieved, accuracy andproductivity.

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Personnel Training

An organisation should also take due careof the training and development needs ofits employees.Besides helping them improve their skillsand enhance their performance, it shouldalso foster a faster growth rate in theircareer path.

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Recreation

Recreation is an important as any other tool. Ithelps in creating a conducive environment making fun for everyone.

Thus, it is necessary to introduce consistentrecreation initiatives like Sports, Activities, familyget together and unwinding zones at theworkplaces

Besides this, cultural programmes and Birthdaycelebrations break the monotony of everydaywork pressure.

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The Grievances

In order to create a supportive workatmosphere, ensure a prompt atmosphere,ensure a prompt redressal of grievances. This

reinforces an employees belief in themanagement and in the fact, that no stone willbe left unturned to identify and solve theirgrievances and quickly as possible.

Contd..2page

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The Grievances Page..2

The unbridled growth of the new economy, theemergences of the knowledge worker and the highdemand for talent in the domestic and global marketshave rewritten the rules of the game.

Though hiring good employees is a nightmare, it is moredifficult to retaining good employees. The talentmanagement is the key area in every organisation worthits HR department and CEOs are more worried aboutintellectual capital than working capital. To add to theproblems are the huge packages being doled out at alllevels.