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HRM Practices

GENERAL 2155605

 Want to know the recent HRM Practices in the Organization to retain their talent Employees. Share your knowledge.

Comments:

Darsh Pancholy
2023-06-14 01:00 pm
Proven Ways to Retain Talent back to Your Company
  1. Acknowledge a job well done
  2. Reward top performers and help improve poor performance
  3. Promote from within
  4. Don't be a fun sponge
  5. Help employees to feel a sense of ownership
  6. Be flexible with vacation days
  7. Have an employee retention strategy
  8. Be competitive


-Darsh D. Pancholy (MBA- Op. & Prod. Management Sem.2)

sumitbaroda1982
2023-06-16 04:20 pm

Recent Retention Strategies :

There are numerous ways to retain required talent/s and talent pool but here I may suggest a few very effective ones strategy wise :

Compensation Strategy :Compensate for - 1)Medical exigencies of self, spouse and parents. 2) Extended working hours and efforts 3) Partial compensation for Leave travel to home state etc.

Benefits Strategy : 1) Children Education reimburse 2)Education Loans for self development & trainings 3) Mediclaim and insurance for self and family including parents 4) Paid holidays 5) Dinners, lunches and breaks for entertainment. 6) Monetary gifts for marriage, anniversary 7) Tie up with Gyms/Fitness trainers or organizations 8) Wellness Initiatives etc.



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