Employee Retention Strategy

Safaa Hassan
Corporate Director Human Resources SUMMIT

Employee Retention Strategy

Agenda:

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

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?

Organisations With High Levels of Employee Retention

38% Higher Customer Satisfaction Scores 22% Higher Productivity

27% Higher Profits

Employee Engagement Drives Business Results 4

Great Staff Retention

Why do People Stay?
Excellent recruiting practices

12%

7% 11%

Good communication 11%

Training opportunities

8% 7% 11%

Opportunities for promotion 13%

Good pay package

Recognition of performance 15%

Strong leadership
13%
Trust between management & employees 11%

8% 15%
5

8%

Adequate resources to perform the job

Teamwork culture 12%

The Drivers of Commitment

1. 2.

3.
4.

5.
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Clear Communication High Job Satisfaction Inspired Leadership & Management Effective Performance Management Positive Work Environment

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.

Employee Retention Strategy

Provide a clear sense of Direction and

Purpose (Corporate business Strategic Objectives & Plans).

Strategy,

Reward and Recognition Programmes.

Become a Better Leader by Showing me you

care.

Employee Retention Strategy

Flexible Benefits build a more loyal and

productive workforce.

Keep

the Doorways and Pathways of Communication Open. Energizes and Engages the Workforce.

Create a Charged Work Environment that

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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:
1.

Better at Career Development.

2.
3. 4. 5.
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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.

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

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