hr seminar- retention strategy

8/2/2019 HR Seminar- Retention Strategy

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Employee Retention Strategy

Safaa HassanCorporate Director Human Resources

SUMMIT

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Employee Retention StrategyAgenda:

Reasons for Staff Retention Retention Tools Evolution is a Must Employee Retention Strategy Employer Branding Implementation is Key

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Employee Retention StrategyHere Today, Here Tomorrow

Transforming your workforce from High-Turnoverto High Retention.

To do this we need first to look at the main reasonsfor;

Why work for Great Staff Retention? Why Do People Stay?

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Organisations With High Levels of

Employee Retention

38% Higher Customer Satisfaction Scores

22% Higher Productivity

27% Higher Profits

Employee Engagement Drives Business Results

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Great Staff RetentionWhy do People Stay?

5

7%

11%

7%

8%15%

8%

11%

8%

12%

Excellent recruiting practices

Good communication 11%

Training opportunities

Opportunities for promotion 13%

Good pay package

Recognition of performance 15%

Strong leadership

Trust between management & employees 11%

Adequate resources to perform the job

Teamwork culture 12%

13%


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The Drivers of Commitment

1. Clear Communication

2. High Job Satisfaction3. Inspired Leadership & Management

4. Effective Performance Management5. Positive Work Environment

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Employee Retention Tools

Employee Satisfaction Survey

Exit Interview

Communication between Manager andEmployee

Performance Review (Quarterly)Other means in your organization

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Evolution is a Must

1. The Era of Talent Acquisition.

2. The Era of Talent Retention and UrgentSystem Development.

3. The Era of HR Metrics.

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Provide a clear sense of Direction andPurpose (Corporate business Strategy,

Strategic Objectives & Plans).

Reward and Recognition Programmes.

Become a Better Leader by Showing me youcare.

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Flexible Benefits build a more loyal andproductive workforce.

Keep the Doorways and Pathways ofCommunication Open.

Create a Charged Work Environment thatEnergizes and Engages the Workforce.

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Performance Management TransformWorkers to Winners.

Career Opportunities and DevelopmentPlans.

Develop Your Valuable StaffHelp People Move Up, or they will Move Out

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Build a Sense of Employee Ownership.

Improve Recruitment Processes.

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Employer BrandingBest Employers are:

1. Better at Career Development.

2. Better at delivering the Employment Promise.

3. Better Investors in Employee Development.

4. Better at making employees feel valued.

5. Better at Aligning the HR Strategy, Processes& Policy to employee needs.

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Implementation is Key

Its not what you do, its the way that you do it

Dont over stretch

Reach the Critical Mass for impact

Be consistent

Propagate and practice Fairness

Deliver on your Promise

Voluntary Participation of Employees

Put yourself in their shoes14


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T H A N K Y O U

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hr seminar- retention strategy

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