Retention Strategy

Industry Survey - Why do people stay ?

Employee Retention Tool Conduct SKIP meeting Employee Development program Conduct “Stay” interview Introduce award & reward mechanism Make their day! Work Etiquette Perks & Benefits

SKIP Meeting  From the employee's perspective, it's a chance to share their background, experience and career aspirations. “It's a tool for managers to build trust and know their team members, one or more level below.”  Find out what the employee's goals are. Do they aspire to manage a team? Remain an individual contributor? Move eventually into a new career altogether? Don't forget to ask about their interests outside of work. Motivate your team member to open up and share his/her views/ideas

Employee Development program From effective SKIP meeting we can identify the motivating factor of each employee: “ Help people move up or they will move out” -Handling Team -Onsite Opportunity -Higher Education -Enhance Technical expertise -Promotion -Salary Hike -Appreciation * Based on employee motivating factor we can derive development program

Stay Interview  Conduct “stay” interview Asking longer-tenured employees questions such as: Why did you come to work here? Why have you stayed? What would make you leave? And what are your nonnegotiable issues? What about your managers? What would you change or improve? Then use that information to strengthen your employee-retention strategies. Helps to develop a carrier plan for the long term employee

Award & Reward Employee of the month Excellent Mentor Award Star of excellence team work Award Extended supporter Award Innovation Award CEO Award “Motivate to strive for Excellence”

Make their Day! “Let’s together put a smile – Happy Employee” Know your colleague – publish about an employee every week, everyone loves to be recognized! Insta Recognition – introduction of WOW card, token of appreciation by peer/manager/HR with an applause in the work cubicle Thank you Note– introduction of “ Thank you note”, Surprise Perks– cookies, free lunch, small goodies, chocolates etc My Buddy – assigning a new joiner to an employee, make the new joiner feel at ease

Work Etiquette  Define specific work timing to employees - if required start shift timing  Inculcate positive work culture - Smile and be courteous when meet your peers/managers - When in doubt ASK - Praise in public, reprimand is private - Don’t be ALOUD.. Be polite with your subordinates  Time Management - Be on time for meetings - Participate in employee engagement activity - Don’t procrastinate, delivery on time “80% of our time is spent at office”

Perks & Benefits “Token of Gratitude for extending the extra mile” S.NoEligibility CriteriaPerks & Benefits 1Working on continuous 3 weekends2 Buffet 3 star hotel 2 Stretching beyond 15 hrs for more than 10days in a monthRs.1000 worth meal voucher 3 Stretching day & night for continuous one week2 days comp off along with weekend 4Working on holiday and exceeding 9 hrsRs.200 meal voucher + one day comp off 5Sucessful completion of critical deliveryTeam movie