1. RETENTION STRATEGIES
Presentation By:- Group 5

2. Employee retention refers to the various
policies and practices which let the
employees stick to an organization for a
longer period of time.

3. • MindTree Limited, formerly known as MindTree
Consulting Limited is a mid-sized
international information technology (IT)
consulting and implementation company.
• It operates in two units: production engineering
services and IT services.
• MindTree was started in 1999 by ten industry
professionals from Cambridge Technology
Partners, Lucent Technologies, and Wipro

4. "Always Give Value To The
Employees"

5.  1nd strategy:- Offer compensation
 2nd strategy:- Train your front-
line, managers and
administrators.
 3rd strategy:- Offer retention
bonus
 4th strategy:-Teamwork and cross
functional team
 5th strategy:- Fun is must

6. 1st Strategy:- OFFER COMPENSATION
"Attractive and competitive: fair
compensation alone does not guarantee
employee loyalty, but offering bellow-
market salaries making it much more
likely that employees will look for
greener pastures"

7. 2rd Strategy:- TRAINING YOUR FRONT-LINE,
MANAGERS AND ADMINISTRATORS.
• It can’t be said repeatedly that people stay or
leave because of their bosses and not the
companies.
• Create a safe environment and process for
employees to bring up

8. • Improve manager’s leadership,
communication and interpersonal skills
through coaching, training and feedback

9. 3th Strategy:- OFFER RETENTION BONUS
• Mandatory vacation time after three, five or
ten years.
• A paid membership to a local club after two
years, and full repayment for the cost of the
employee’s formal dress
• Give employees a choice of reward
• Increase the longevity of their reward

10. 4th Strategy:- TEAMWORK AND CROSS
FUNCTIONAL TEAM
• Make sure everyone understand the department’s
purpose, mission on goal
• Rotate leadership responsibility depending on
their employee’s ability and need of the team
• Involve employees in decision making
• They encourage team members to show
appreciation to their colleagues for superior
performance or achievement

11. 5th Strategy:- FUN IS MUST
• Celebrate successes and recognition of
employees
• Lunch, birthday parties, employee picnics
and creative contests will help remind
people that an organization is a great place
to work

12. • The company organize culture programs as
and when possible but most of the time,
once in a quarter, in which all the
employees are given an opportunity to
display their talent in skits, singing, acting,
dancing, and sports programs such as
cricket, football, etc.