Employee Retention Strategy

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Employee Retention Strategy

• Safaa Hassan
• Corporate Director Human Resources
• SUMMIT

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Employee Retention Strategy

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

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Employee Retention Strategy

• Here Today, Here Tomorrow
• Transforming your workforce from High-Turnover to
  High Retention.
• To do this we need first to look at the main
  reasons for
• 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?
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The Drivers of Commitment

• Clear Communication
• High Job Satisfaction
• Inspired Leadership Management
• Effective Performance Management
• Positive Work Environment

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Employee Retention Tools

• Employee Satisfaction Survey
• Exit Interview
• Communication between Manager and Employee
• 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 Urgent System
  Development.
• 3. The Era of HR Metrics.

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Employee Retention Strategy

• Provide a clear sense of Direction and Purpose
  (Corporate business Strategy, Strategic
  Objectives Plans).
• Reward and Recognition Programmes.
• Become a Better Leader by Showing me you care.

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Employee Retention Strategy

• Flexible Benefits build a more loyal and
  productive workforce.
• Keep the Doorways and Pathways of Communication
  Open.
• Create a Charged Work Environment that Energizes
  and Engages the Workforce.

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Employee Retention Strategy

• Performance Management Transform Workers to
  Winners.
• Career Opportunities and Development Plans.
• Develop Your Valuable Staff
• Help People Move Up, or they will Move Out

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Employee Retention Strategy

• Build a Sense of Employee Ownership.
• Improve Recruitment Processes.

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Employer Branding

• Best Employers are
• Better at Career Development.
• Better at delivering the Employment Promise.
• Better Investors in Employee Development.
• Better at making employees feel valued.
• 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 shoes

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T h a n k Y o u