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BUNDLE DESCRIPTION
Become a HR Retention Strategy Expert
A retention strategy is a plan that organizations create and use to reduce employee turnover, prevent attrition, increase retention, and foster employee engagement. While some turnover is inevitable, building a retention strategy to prevent as much voluntary turnover as possible can save an organization a lot of time and money. After all, it's much easier and much less expensive to train and develop your current employees than it is to continually hire new people.
The focus of an employee retention strategy is just as it sounds: retaining employees. However, there are other positive outcomes of an effective retention strategy besides just getting people to stick around your organization longer:
1. Lower turnover
2. Lower hiring costs
3. Increased employee productivity
4. Higher employee satisfaction
5. Stronger work relationships
6. Less work-related stress
7. Less burnout
This means that creating a retention strategy isn't just a good idea if you're experiencing higher-than-average turnover; it's a good idea for any organization that wants to improve its culture, employee experience, business outcomes, and more.
When developing an employee retention strategy, it's important to identify the areas of the employee experience you can actually influence so you know where to focus your efforts. These areas may include:
1. Environment: Improving an organization's work environment as part of an employee retention strategy might mean creating more quiet spaces where employees can focus, opening up office space to encourage collaboration, or even offering flexible work hours and work-from-home options.
2. Culture: Your organization should develop a culture that makes employees want to stick around, especially when you consider that nearly half of all people looking for new jobs cite company culture as the main reason they decided to leave their last job.
3. Benefits: Offering competitive employee benefits can also increase retention. Healthcare is among the most important benefits an organization can provide. Beyond that, choosing benefits that align with what your employees value can increase employee satisfaction.
4. Professional Development: Professional development is a priority for many employees, especially millennials. Demonstrating to employees that they have opportunities to learn and grow at your organization can encourage them to stay longer.
5. Rewards and Recognition: Nobody wants to feel unappreciated. If employees feel like their hard work and great results aren't being recognized at your organization, they will be more likely to leave.
Thank you for your attention.
Regards,
UJ Consulting
THERE ARE 9 PRODUCTS ARE IN THIS BUNDLE:
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Compensation includes topics in regard to wage and/or salary programs and structures, for example, salary ranges for job descriptions, merit-based programs, bonus-based... [read more]
Individual Price: $25.00
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Did you know 94% of employees would stay at a company longer if it invested in their career development? That's why creating a well-defined career development framework is... [read more]
Individual Price: $25.00
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Organization Design and Culture PPT
Lecture Outline
1. What is Organizational Culture?
2. Levels of Corporate Culture
3. How Employee Learn a Culture?
4. Can... [read more]
Individual Price: $20.00
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SOP Employee Business Travel (Examples & Templates)
Contents :
1. Policy of Employee Business Travel
2. Procedures of Employee Business Travel
3. Flowchart of SOP... [read more]
Individual Price: $20.00
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SOP Employee Retirement (Examples & Templates)
Contents :
1. Policy of Employee Retirement
2. Procedures of Employee Retirement
3. Flowchart of SOP Employee... [read more]
Individual Price: $20.00
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SOP Employee Promotion (Examples & Templates)
Contents :
1. Policy of SOP Employee Promotion
2. Procedures of SOP Employee Promotion
3. Flowchart of SOP Employee... [read more]
Individual Price: $20.00
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SOP Bonus & salary Increment (Examples & Templates)
Contents
1. Policy of SOP Bonus & salary Increment
2, Procedures of SOP Bonus & salary Increment
3. Flowchart... [read more]
Individual Price: $20.00
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Employee Development Plan PPT (Best Practice Guidebook)
Practical & Powerful Development Activities for Competency Enhancement
Contents :
1. Relationship... [read more]
Individual Price: $25.00
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Career Management System Gudelines and Templates
This career guide and policy provides the following items:
Career level and career plan matrix
Policy and... [read more]
Individual Price: $25.00
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Got a question about the product? Email us at [email protected] or ask the author directly by using the "Ask the Author a Question" form.
ABOUT THE AUTHOR: UJ CONSULTING
UJ Consulting
Untung Juanto ST., MM. Founder of UJ Consulting. He is professionally experienced business and management consultant in several local and multinational companies.
[read more]
He has an experience in managing an effective and efficient company with various approach methods adapted to different industries because He had a career from the lower management level as Supervisor before finally being at the top management level. His Top Management experience started from the position of General Manager, VP Operation, HR Director and Business Development Director
He completed his undergraduate education majoring in Architecture at Diponegoro University, Semarang, Central Java, Indonesia. After that, He continued to Master of Management level majoring in Human Resource Management with cum laude predicate with a GPA of 3.94 at Mercubuana University, Jakarta, Indonesia.
His last work experience as Deputy President Director at Hutahaean Group in charge of 14 business units engaged in various industries including CPO Production, Oil Palm Plantation, Cassava Plantation, Tapioca flour production, 4 and 5 star hotels, waterparks, golf courses and housing with a total of employees more than 3,000 employees.
His biggest achievement was in 2021 when He served as Deputy President Director at Hutahaean Group Indonesia by increasing the company's revenue from IDR 700 billion to IDR 1.1 trillion (y/y) and increasing the profit margin by more than 20%. Doing a turn around on business units that have lost in the last 5 years become profits. In addition, He have also succeeded in creating an efficient and effective management system by redesigning the Business Process Management (BPM), reviewing Standard Operating Procedures (SOP) and Work Instructions and compiling the appropriate Key Performance Indicator Management (KPIM) to increase employee productivity.
He is currently active as a part-time business and management consultant (online) at Enquire Corp. and Flevy Corp. In addition, He also teach part-time at several universities for courses in strategic management, human resource management, project management, entrepreneurship and business.
UJ Consulting has published 168 additional documents on Flevy.
DETAILS
This business document is categorized under the function(s): Organization, Change, & HR
It applies to All Industries
Purchase includes lifetime product updates. After your purchase, you will receive an email to download the documents in this bundle.
Initial upload date (first version): Dec 10, 2022
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