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Employee Retention

Employee retention requires organizations to take proactive measures in three areas: 1) Creating an environment where talent can thrive, 2) Implementing systems to develop employees' potential, and 3) Establishing reward and recognition programs. As dynamic markets create more opportunities, compensation alone will no longer motivate employees, who will prefer meaningful work, exciting projects, and a fun culture. Organizations should establish entrepreneurial teams for top talent to innovate freely.

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Fouzan Soniwala
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92 views4 pages

Employee Retention

Employee retention requires organizations to take proactive measures in three areas: 1) Creating an environment where talent can thrive, 2) Implementing systems to develop employees' potential, and 3) Establishing reward and recognition programs. As dynamic markets create more opportunities, compensation alone will no longer motivate employees, who will prefer meaningful work, exciting projects, and a fun culture. Organizations should establish entrepreneurial teams for top talent to innovate freely.

Uploaded by

Fouzan Soniwala
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPS, PDF, TXT or read online on Scribd
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FICCI

CE

Employees - Retention

Employee Retention requires organizations to attract, manage and nurture talent. This calls for pro-active measures on three fronts.

FICCI

CE

Employees - Retention

1. Organizations will have to create an ambience where talent can bloom. 2. They have to put in place systems that will help unleash the potential of their employees. 3. They have to build a reward and recognition mechanism that provides value for people.

FICCI

CE

Employees - Retention

Todays dynamic market environment will give rise to lot many entrepreneurial opportunities, which will take away talent from even the best organizations. Thus the take home pay cheque will seize to be a major motivator. Exciting opportunities and meaningful work with a sense of fun will be the preferred choice for employees.

FICCI

CE

Employees - Retention

Organizations will have to create small entrepreneurial islands, where they can house their best talents to pursue experiments, innovate, develop cutting edge products, dream up new and better ways of doing business and create value in an unrestricted manner.

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