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Priya PPT - Employee Retention

This document analyzes employee retention strategies at different organizations. It studies attrition rates and reasons for leaving at Wipro, Big Bazaar, and LG. Big Bazaar has the highest attrition rate of 25%. The main reasons for attrition differ between companies: stress at Big Bazaar, lack of training at Wipro, and insufficient pay at LG. Retention strategies like job satisfaction, work environment, and training are also compared. The document concludes retention is important for productivity and motivation, and outlines key factors like environment, growth opportunities, and training that influence an employee's decision to stay or leave an organization.

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2K views12 pages

Priya PPT - Employee Retention

This document analyzes employee retention strategies at different organizations. It studies attrition rates and reasons for leaving at Wipro, Big Bazaar, and LG. Big Bazaar has the highest attrition rate of 25%. The main reasons for attrition differ between companies: stress at Big Bazaar, lack of training at Wipro, and insufficient pay at LG. Retention strategies like job satisfaction, work environment, and training are also compared. The document concludes retention is important for productivity and motivation, and outlines key factors like environment, growth opportunities, and training that influence an employee's decision to stay or leave an organization.

Uploaded by

priya68k
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
  • Employee Retention - A Challenge: Introduction to the topic of employee retention as a significant organizational challenge.
  • Objective of the Study: States the key objectives of the study, focusing on understanding and analyzing retention strategies.
  • Research Methodology: Details the research design and methods used, including types of data collection and sources.
  • Tools and Techniques: Describes the tools and techniques used for analysis, including sampling design and size.
  • Attrition Rate Analysis: Analyzes and presents data on attrition rates at various organizations with visual representation.
  • Reasons for Attrition: Explores the main reasons for employee attrition through graphical data representation.
  • Retention Strategies: Job Satisfaction: Studies how job satisfaction influences retention strategies at major companies.
  • Retention Strategies: Work Environment: Reviews the impact of work environment quality on employee retention strategies.
  • Retention Strategies: Training and Development: Examines how training and development play a role in retention strategies.
  • Findings: Summarizes key findings from the study regarding attrition and retention strategies.
  • Conclusion: Concludes the study by summarizing insights and highlighting the importance of employee retention.
  • Acknowledgments: Expresses gratitude and appreciation towards contributors and readers.

EMPLOYEE

RETENTION-A
CHALLENGE

OBJECTIVE OF THE STUDY

The objective of my study is to understand and critically analysis the


Retention strategy of different organization.

To study attrition as the major problem in the present scenario.

To study the effectiveness of the retention practices adopted by


different sectors.

To study the reason behind as to why people are leaving the


organization.

Draw out measures to reduce employee retention.

RESEARCH METHODOLOGY
RESEARCH

DESIGN: Descriptive research

Historical Research
Casual Comparative

SOURCES

OF DATA COLLECTION:

Secondary Data: Secondary data already exists and were collected for
some other purpose were proved to be useful in structuring the questions
to be asked for collecting primary data.

By going through various records


By going through magazines of company
Website of the companies

Tools

and Techniques :Graphical


analysis

Sampling

Design:
Sample size is 3.
It includes Big Bazaar, LG and Wipro.

1. Attrition rate
In, Wipro attrition rate is 20.3%, in Big Bazaar attrition rate is
25% and in Lg attrition rate is 10%.

Figure : Bar Graph Showing attrition rate of Wipro, Big Bazaar and LG

2. Main reason for attrition


In Wipro, Training and development- 80% is the main reason, in Big Bazaar- stress
65% is the main reason and in LG- Pay and benefit -60% is the main reason for att

Figure : Bar Graph Showing main reason for attrition in Wipro, Big Bazaar and LG

3. Retention strategy of job satisfaction


In Wipro, Retention strategy of job satisfaction is 5%, in Big Bazaar 8.3% and
in LG 6.2%.

Figure : Bar Graph Showing retention strategy of job satisfaction in Wipro,


Big Bazaar and LG

4. Retention strategy of work environment


In Wipro, Retention strategy of work environment is 4%, in Big Bazaar- is 6% an

Figure : Bar Graph Showing retention strategy of work environment in Wipro, Big
Bazaar and LG

5. Retention strategy of Training and Development


In Wipro, Retention strategy of training and development is 17% , in Big Bazaar
is 12.3% and LG is 8.4%.

Figure : Bar Graph Showing retention strategy of Training and development in


Wipro, Big Bazaar and LG

FINDINGS

Attrition rate of Big Bazaar is 25%, Wipro is 20.3% and LG is 10%. Big
Bazaar has more attrition rate.

Main reason for attrition in Big Bazaar is Stress, in Wipro is Training and
Development and in LG is Pay and Benefit.

In respect of Retention strategy of job satisfaction , 8.3% of employees of


Big Bazaar are satisfied , in Wipro 5% of employees are satisfied and in LG
6.2% of employees are satisfied.

In respect of Retention strategy of work environment, 6% of employees of


Big Bazaar are satisfied , in Wipro 4% of employees are satisfied and in LG
5% of employees are satisfied.

In respect of Retention strategy of Training and Development, 12.3% of


employees of Big Bazaar are satisfied , in Wipro 17% of employees are
satisfied and in LG 8.4% of employees are satisfied.

CONCLUSION

Retention is an important concept that has been receiving considerable


attention from academicians, researchers and practicing HR managers.

Motivated employees come out with new ways of doing jobs. They are
quality oriented. They are more productive.

Types of environment the employee needs in an organization.


Learning environment
Support environment
Work environment
Work profile
Personal growth and dreams
Training and development

THANK YOU

EMPLOYEE RETENTION-A CHALLENGE
OBJECTIVE OF THE STUDY The objective of my study is to understand and critically analysis the Retention strategy of dif
RESEARCH METHODOLOGY RESEARCH DESIGN: Descriptive research • Historical Research • Casual Comparative SOURCES OF DATA
Tools and Techniques :Graphical analysis Sampling Design:  Sample size is 3. It includes Big Bazaar, LG and Wipro.
1. Attrition rate In, Wipro attrition rate is – 20.3%, in Big Bazaar attrition rate is 25% and in Lg attrition rate
2. Main reason for attrition In Wipro, Training and development- 80% is the main reason, in Big Bazaar- stress 65% is the
3. Retention strategy of job satisfaction In Wipro, Retention strategy of job satisfaction is 5%, in Big Bazaar 8.3% and
4. Retention strategy of work environment In Wipro, Retention strategy of work environment is 4%, in Big Bazaar- is 6% a
5. Retention strategy of Training and Development In Wipro, Retention strategy of training and development is 17% , in
FINDINGS Attrition rate of Big Bazaar is 25%, Wipro is 20.3% and LG is 10%. Big Bazaar has more attrition rate. Main

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