Creative Retention Strategies That Are Used by Organization Today

Creative Retention Strategies that are used by disposal today[/SIZE][/B] Take Care of your Associates & they will make sure that our customer will keep coming back. Bill Marriott (Founder Marriott Hotel) With the nimble changing economic & market conditions, companies are facing genuinely high pressure to perform which require them to ask the shell people to work with, to bind their experience minds; they want to be the approximately preferred employer in the eyes of their prospects (future employee). To retain their beat out talent companies are adopting various seminal strategies. According to DQ-IDC late survey on the reasons that make people change the job, the nigh important reason was salary & compensation but unconnected from that Career Development, Location, Flexibility of office hours, Job Security, Organization enculturation & Welfare policies emerged as the main reason of changing job. on that point is not much change on the corrasion lie we have seen even after next many strategies; the biggest attrition rate is still in IT industry which is 18%, followed by banking & financial companies. The average retention rate has dropped from 82% in 2007 to 79% in 2008. Now when we look what companies are doing to retain their employees, we can find many interesting thing.

Some of the creative retention strategies/practices followed by companies are 1. Flexi timing: - Many Companies are following this technique like Aditi technologies, Sap Labs etc. It seems these companies have got the sound software of flexible timing. 2. Fun @ Work:- Many companies have made fun an integral part of the working & their companies values, near of them have linked the fun with their performance appraisal remains like Wipro BPO, Acclairis Business solution pvt. Ltd., VCustomer Corp. etc. 3. Training & Development fortune: - Many companies have understood that their people are the most important assets thats why they want a regular up gradation of their employee through short term... If you want to sting a full essay, order it on our website: Orderessay

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