Retention and Separation Plan

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Retention and

Separation Plan
What is an
employee EMPLOYEE PROVIDES LEADERS CAN BE USED FOR

retention
RETENTION SURVEYS WITH A BETTER FUTURE EMPLOYEE
EXAMINES THEIR UNDERSTANDING OF RETENTION AND
LIKELIHOOD TO STAY THEIR EMPLOYEES ENGAGEMENT

survey and
why use
it?
MAIN BENEFIT IS AN QUESTIONS SHOULD
IMPROVED RATE OF BEST HIGHLIGHT
EMPLOYEE EMPLOYEE
RETENTION EXPERIENCE
What I would like to hear

 Common employee retention questions


 e.g., Would you recommend the company to a friend?
 Open-ended survey question
 e.g., Do you currently hold any industry licenses or
certifications? If so, why did you pursue them?
 A 1 to 10 scale survey question
 e.g., From 1 to 10, how effectively does leadership
communicate when changes occur?
Our employee survey data should be
linked to our turnover data
Using Identify the components that contribute
to the turnover of a company.
employee Expand our focus to Include a wider
retention range of Individuals.
Educate those in positions of authority,
survey data such as managers and supervisors.
Customize our retention methods for
workers.
How to find top
talent
Potential to add value
What happens if they decide to
quit
What is the impact of this
employee on the work
How do you keep your best employees?

 Reskilling and upskilling


 Rewards and recognition
 Craft open-door policies
 Praise in public and criticize in
private
 Encourage Flexibility
Possible reasons for
termination of
employment contracts

Meddling with corporate property


Possession of drugs or alcohol at
work
Disobedience
If an employee does not meet
their tasks
Offense includes lying, stealing,
extortion, and contemporary
covert operations
Common wrongful
Termination
Discriminatory termination based on
race.
Age-related termination.
Retaliation for making a sexual
harassment report
Violating the Family and Medical
Leave Act (FMLA).
Gender, religion, handicap, or
pregnancy-related termination.
Termination Pay &
Other Considerations
Employees get severance pay
FLSA does not necessitate it
Its calculated using 1-2 weeks per year
worked
EBSA can help employees finding it
hard to obtain severance pay
The termination pay considers a
checklist of attributes
References
Bakht, H. (2021). Employee retention: 8 Strategies For Retaining Top Talent. Savage &
Palmer - Enabling Entrepreneurs. Retrieved 25 May 2022, from
https://savagepalmer.com/how-do-you-identify-and-retain-top-talent/.
Kamalaveni, M., Ramesh, S., & Vetrivel, T. (2019). A review of literature on employee
retention. International Journal of Innovative Research in Management Studies
(IJIRMS), 4(4), 1-10.
https://www.researchgate.net/profile/Kamalaveni-Ms/publication/335677274_A_REVIEW
_OF_LITERATURE_ON_EMPLOYEE_RETENTION/links/
5e0f1cc0299bf10bc38c9e37/A-REVIEW-OF-LITERATURE-ON-EMPLOYEE-
RETENTION.pdf
Lesiuk, T. (2020). Termination of Employment Contract: Requirements & Implications.
Factorial Blog. Retrieved 25 May 2022, from https://factorialhr.com/blog/termination-of-
employment-contract/.

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