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Retention Through Employee Engagement
Feeling “engaged” depends on the “strength” of the workplace not necessarily on the corporate leadership - Buckingham & Coffman, ‘First Break all the Rules’
The importance of feeling “ENGAGED” ,[object Object]
People decide to stay
They decide to stay when they feel “engaged”
“Engaged” employees stay longer,[object Object]
CLEAR EXPECTATIONS
RESOURCES
OPPORTUNITY
RECOGNITION
CARE & CONCERN
DEVELOPMENT
PARTICIPATION
PURPOSE
QUALITY
APPRAISAL
LEARNINGIf we provide all the above, then we have built a GREATER PLACE TO WORK. Most of the above are in the hands of THE BOSS.
The BOSS ,[object Object]
Talent retention strategy will work if we have the “Boss” in right place.
“Boss” who “nurture” and “mentor”.
Creates nurturing environment for the employees to imagine, explore, pioneer, invent etc.,[object Object]
New businesses provide career opportunities.
Retaining talent and growing business are therefore interdependent.
“Growth” is therefore a pre-requisite.,[object Object]
Creating an effective Reward Environment Does the organisation’s reward and recognition policies and habits support the development of the desired culture?  Is their a balance between the formal and informal reward and recognition initiatives? Is the working environment inspiring and does it make employees feel at home/special? Is it a caring environment/culture and does the organisation carry the employee’s well-being at heart? Is the management style promoting/facilitating development and growth? Do people believe in the organisation and it’s leadership? Does the organisation have formal recognition/award plans in place?
Creating an effective Reward Environment Recognition Plans: Celebrate objective and/or goal achievement Reinforce extraordinary performance, normally outside of job expectations. Recognise activities/ events/ milestones Peer-to-peer, managerial recognition Award Schemes: Cash awards (Once off bonus payment, vouchers, car-hire, etc.) Non-cash awards (Development programmes, overseas tours, trophies, certificates, etc.) Spot awards Risk prevention awards
Creating an effective Reward Environment Organisation taking care of personal needs (Dry cleaning, shopping, etc.) Grocery delivery service Creche facilities Hiring of Executive Cars for Employees (Ferrari’s, Porsche, Chauffeur-driven, etc.) Overseas tours Health, golf, country club membership Virtual offices Secure working environment Flexible working hours/output based performance contracts Rewarding/involving spouses/family members
What drives the Remuneration & Benefits Strategy? Reward Strategy REMUNERATION Variable pay Performance / Result Business strategy Employeefringe benefits Development of pay according to personal performance and business result Creating of pay structure  according to business requirements Base pay   Competencies Market 5               4              3               2	             1 Development of pay according to  job fulfilment and role behaviour Positioning of pay  structure in the market ,[object Object],   Competition ,[object Object],   Competition JOB GRADE       Function Structuring of pay according to  function value
13 Why Retention Matters ,[object Object]
Staffing costs – costs to hire
Vacancy costs – lost productivity
Training costs – to prepare new employee
“Acting” pay
Loss of knowledge
Work not done, priorities not met
Impact on colleagues ,[object Object]
15 The Changed Employer-Employee Relationship The “contract” is broken Life Long Employment vs. Mutuality of Purpose Free agents Flexibility to meet diverse needs Work/life considerations
16 Why Employees Stay A feeling of connection Feeling valued Personal and professional growth Continuous learning Making a difference Good management Can’t afford to leave Fair pay and benefits
17 Retention Begins with Orientation

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Use this presentation for how to improve retention

  • 1.
  • 3. Feeling “engaged” depends on the “strength” of the workplace not necessarily on the corporate leadership - Buckingham & Coffman, ‘First Break all the Rules’
  • 4.
  • 6. They decide to stay when they feel “engaged”
  • 7.
  • 18. LEARNINGIf we provide all the above, then we have built a GREATER PLACE TO WORK. Most of the above are in the hands of THE BOSS.
  • 19.
  • 20. Talent retention strategy will work if we have the “Boss” in right place.
  • 21. “Boss” who “nurture” and “mentor”.
  • 22.
  • 23. New businesses provide career opportunities.
  • 24. Retaining talent and growing business are therefore interdependent.
  • 25.
  • 26. Creating an effective Reward Environment Does the organisation’s reward and recognition policies and habits support the development of the desired culture? Is their a balance between the formal and informal reward and recognition initiatives? Is the working environment inspiring and does it make employees feel at home/special? Is it a caring environment/culture and does the organisation carry the employee’s well-being at heart? Is the management style promoting/facilitating development and growth? Do people believe in the organisation and it’s leadership? Does the organisation have formal recognition/award plans in place?
  • 27. Creating an effective Reward Environment Recognition Plans: Celebrate objective and/or goal achievement Reinforce extraordinary performance, normally outside of job expectations. Recognise activities/ events/ milestones Peer-to-peer, managerial recognition Award Schemes: Cash awards (Once off bonus payment, vouchers, car-hire, etc.) Non-cash awards (Development programmes, overseas tours, trophies, certificates, etc.) Spot awards Risk prevention awards
  • 28. Creating an effective Reward Environment Organisation taking care of personal needs (Dry cleaning, shopping, etc.) Grocery delivery service Creche facilities Hiring of Executive Cars for Employees (Ferrari’s, Porsche, Chauffeur-driven, etc.) Overseas tours Health, golf, country club membership Virtual offices Secure working environment Flexible working hours/output based performance contracts Rewarding/involving spouses/family members
  • 29.
  • 30.
  • 31. Staffing costs – costs to hire
  • 32. Vacancy costs – lost productivity
  • 33. Training costs – to prepare new employee
  • 36. Work not done, priorities not met
  • 37.
  • 38. 15 The Changed Employer-Employee Relationship The “contract” is broken Life Long Employment vs. Mutuality of Purpose Free agents Flexibility to meet diverse needs Work/life considerations
  • 39. 16 Why Employees Stay A feeling of connection Feeling valued Personal and professional growth Continuous learning Making a difference Good management Can’t afford to leave Fair pay and benefits
  • 40. 17 Retention Begins with Orientation
  • 41.
  • 42. Employees value a personal connection
  • 43. Accommodate different learning styles
  • 45.
  • 46. Include family in the equation, invite to orientation
  • 47. Match new employees with friends and services, new neighbors, teenage babysitters, etc.
  • 48.
  • 49.
  • 52. New employee party at work site
  • 53.
  • 54. 23 Job Satisfaction & Retention
  • 55. 24 1. Increase Opportunity Challenge Interesting projects Responsibility Team leadership Special assignments Promotion
  • 56. 25 Opportunities for Employee Development Internal recruitment Support for education Job rotation/cross training Task forces, project assignments Academies of learning Career ladders Mobility among libraries
  • 57. 26 Cultivating Excellence Individual development plans Coaching/mentoring Performance management with real feedback and coaching 360 feedback Accelerated advancement/steps Co-manager opportunities Shared staff opportunities
  • 58.
  • 62. Promote and model stress-reducing activities
  • 63. 28 Work/Life Balance Define work in terms of what is to be accomplished Provide flexible work schedules Evaluate alternative work places and telecommuting Appreciate dilemma of child care, elder care, multiple individual roles “Allow” voluntary demotions Appreciate diversity of personal values and priorities
  • 64. 29 3. Provide Leadership Build trust Commit to helping others succeed Offer motivation Seek excellence Take action
  • 65.
  • 66. Link performance to customer satisfaction
  • 67. Develop customer service and quality measures collaboratively
  • 68. Be very clear on expectations
  • 69.
  • 70. 32 Convenience/Concierge Services Dry cleaner pick-up Supermarket / Carry-out delivery Financial planning Passes, discounts – zoo, museum Classes on-site – educational, fitness Discount coupons – cleaning services, manicures, lawn care Wellness, health screening
  • 71. 33 6. Allow Adequate Authority Empower employees to act Encourage employee input to decisions, goals, and direction setting
  • 72. 34 Retaining Talented Workers as They Near Retirement Phased retirement Re-hiring as part-timers or consultants Temp work Training/mentoring assignment Sabbatical
  • 73. Recognizing Employees “People will forget what you said. People will forget what you did. But people will never forget how you made them feel.” Anonymous
  • 74. 36 Recognition Enhances performance Helps motivate Provides practical feedback Makes it easier to get the work done Improves productivity
  • 75. 37 Recognition Updated Includes informal elements Multiple programs & activities Leader-oriented Frequent & flexible Culture of performance Used for everyone
  • 76. 38 Coworkers Recognize Colleagues Dedication Achievement Character Service “Can do”attitude Respect Cooperation Helpfulness Flexibility
  • 77.
  • 78. Filling in on another job
  • 80. Consistently presenting a positive attitude that inspires
  • 81.