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Similaire à Research plan on employee retention in an organisation(20)


Research plan on employee retention in an organisation

  1. Career Point Cares IMPORTANCE OF EMPLOYEE RETENTION Research Methodology in Industry
  2. Career Point Cares INTRODUCTION Various policies and practices to retain employees for a longer period of time. Organization invests time and money Organization is at loss when employees leave Lucrative salary, comfortable timings, better ambience, growth prospects
  3. Career Point Cares REVIEW OF LITERATURE Employee Retention: A Review of Literature Compensation, T&D Reward and Recognition Promotion and opportunity growth Participation in Decision making Work life balance, Leadership Work environment, Job security
  4. Career Point Cares Factors Affecting Employee Retention: Evidence from Literature Review Employee personal value Compensation, Reward Career advancement Training and career development Supervisor support, Work environment Family support & work culture Organizational Justice Distributive justice
  5. Career Point Cares PROBLEM GAP ANALYSIS Job Flexibility Ease to employees Work from home Organizati on saves cost Employee need not travel regularly SBI announced ‘work from home’ Google campus
  6. Career Point Cares AUTONOMY IN WORK Too much autonomy can backfire; depends on culture and size Enhance each other's strengths, compensate for weaknesses. Self-managed teams Decreases employee turnover Employees become more responsible for the quality of their work More autonomy gives high job satisfaction, productivity, motivation and happiness Traditionally organizational -autonomy with high level
  7. Career Point Cares HYPOTHESIS • Job satisfaction • Cannot have a simple general formula • Different needs, desire and experiences • impact on employee’s productivity, satisfaction • Job security • Safety • Working environment • Creativity in work • Motivation • Social relationships • New opportunities • Recognition • Autonomy • Compensation
  8. Career Point Cares COMMUNICATION • All can talk but not communicate well • Act of giving, receiving or exchanging ideas so that the message is completely understood by both parties Barriers • Status/Role • Cultural Differences • Use of Language • Individual Perceptions • Noise • Clarity of Message • Lack of Feedback • Known or Unknown Receiver
  9. Career Point Cares METHODS OF DATA COLLECTION Primary Data Direct Personal Investigation Indirect Oral Investigation Information through Local Correspondents Questionnaires through Mail
  10. Career Point Cares Secondary Data Financial Statements and reports Customer details Company information Reports and feedback
  11. Career Point Cares • Sample size is 50 • Future of report- Extensive research will help in better understands of Job Satisfaction and Autonomy with primary data collection • Importance- Offer better compensation, Encourage flexibility, Provide learning opportunities, Better communication and More autonomy in the work
  12. Career Point Cares CONCLUSION Companies spend billions to stay on the cutting edge It costs a great deal to replace an employee Extensive employment opportunities for talented professionals Higher skilled the employees are, the greater the demand for their services Employee retention is great concern
  13. Career Point Cares QUERIES
  14. Career Point Cares THANK YOU